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Trend-Following Backtester · Guide · backtest 한국어

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PT Bayan Resources Tbk backtest

10 trend-following strategies were compared on the full daily history of PT Bayan Resources Tbk. 10 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 32.9%, MDD -26.0%).

Data 2008-08-12 ~ 2026-07-31daily bars 4,412 (18.0 years)Costs 0.5%Venue IDXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 18.8%, drawdown -84.8%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 33.9%, MDD -28.2%, Sharpe 1.36, 23% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 35.1%, MDD -46.7%, exposure 53%.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 15.1%p higher than buy and hold, while drawdown improves by 56.7%p (CAGR 32.9%, MDD -26.0%, exposure 21%).

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
볼린저 밴드 돌파
n=59, k=3.3
33.9%-28.2%1.361.20189.8x2623%
ROC 모멘텀
n=49, threshold=0.13
32.9%-26.0%1.311.27165.6x8021%
Keltner 채널 돌파
emaPeriod=50, atrPeriod=14, mult=3.9
30.6%-42.7%1.200.72121.4x4429%
EMA 크로스오버
fast=37, slow=58
35.1%-46.7%1.200.75222.7x2853%
SMA 크로스오버
fast=20, slow=85
33.7%-49.8%1.190.68185.4x4353%
ADX / DI 방향성
period=34, threshold=25
28.0%-29.6%1.140.9583.8x6026%
Donchian 채널 돌파
entryN=102, exitN=28
27.3%-33.2%1.130.8276.0x4031%
MACD
fast=25, slow=68, signal=34
26.9%-54.8%0.970.4972.3x10146%
Parabolic SAR
step=0.01, maxStep=0.28
24.2%-59.6%0.870.4148.8x14749%
Supertrend
period=8, mult=4.9
23.1%-73.4%0.850.3141.9x7550%
Buy and hold18.8%-84.8%0.620.2222.0x1100%
1x 10x 100x 2009 2012 2015 2018 2021 2024 EMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -42% -64% -85% 2009 2012 2015 2018 2021 2024 Buy and holdEMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -28.2% (2011-07-08 → 2013-09-13), recovered after 2,300 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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.
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