Trend-Following Backtester · Guide · backtest 한국어

equity · GB

Watches of Switzerland Group PLC backtest

10 trend-following strategies were compared on the full daily history of Watches of Switzerland Group PLC. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 24.9%, MDD -34.1%).

Data 2019-05-30 ~ 2026-07-31daily bars 1,813 (7.2 years)Costs 0.5%Venue LSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 12.8%, drawdown -79.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 28.7%, MDD -37.9%, Sharpe 1.00, 43% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 15.9%p higher than buy and hold, while drawdown improves by 41.1%p (CAGR 24.9%, MDD -34.1%, exposure 47%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
Donchian 채널 돌파
entryN=48, exitN=26
28.7%-37.9%1.000.766.1x1543%
Supertrend
period=22, mult=3.2
28.6%-55.7%0.870.516.1x2361%
볼린저 밴드 돌파
n=37, k=1.1
24.9%-34.1%0.860.734.9x4647%
ROC 모멘텀
n=87, threshold=0.07
23.3%-48.2%0.810.484.5x3347%
SMA 크로스오버
fast=56, slow=210
21.1%-59.2%0.760.363.9x943%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=27, mult=1.4
20.1%-36.4%0.760.553.7x3844%
EMA 크로스오버
fast=8, slow=109
21.0%-47.2%0.750.443.9x2150%
ADX / DI 방향성
period=39, threshold=13
16.4%-62.6%0.630.263.0x4346%
MACD
fast=10, slow=70, signal=17
17.6%-56.6%0.620.313.2x7853%
Parabolic SAR
step=0.035, maxStep=0.16
12.0%-48.4%0.490.252.3x20852%
Buy and hold12.8%-79.0%0.490.162.4x1100%
1x 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -39% -59% -79% 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -37.9% (2021-12-29 → 2024-10-31), recovered after 1,486 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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