Trend-Following Backtester · Guide · backtest 한국어

equity · SA

Bupa Arabia for Cooperative Insurance Co. backtest

10 trend-following strategies were compared on the full daily history of Bupa Arabia for Cooperative Insurance Co.. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2010-03-04 ~ 2026-07-30daily bars 4,034 (16.4 years)Costs 0.5%Venue TADAWULMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 21.3%, drawdown -83.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 22.4%, MDD -83.0%, Sharpe 0.49, 90% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=31, exitN=255
22.4%-83.0%0.490.2727.4x990%
EMA 크로스오버
fast=30, slow=137
17.9%-78.4%0.440.2314.8x2864%
SMA 크로스오버
fast=21, slow=148
17.4%-78.1%0.440.2213.9x3062%
ROC 모멘텀
n=147, threshold=-0.03
14.9%-80.8%0.420.189.8x11969%
Supertrend
period=28, mult=3.4
10.4%-74.7%0.370.145.1x9054%
ADX / DI 방향성
period=35, threshold=14
6.6%-77.7%0.330.082.8x10046%
MACD
fast=8, slow=28, signal=15
1.1%-82.9%0.280.011.2x29349%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=15, mult=0.7
0.3%-90.6%0.260.001.0x15053%
Parabolic SAR
step=0.035, maxStep=0.34
-2.5%-89.8%0.25-0.030.7x41051%
볼린저 밴드 돌파
n=19, k=1.6
-4.4%-91.2%0.18-0.050.5x19236%
Buy and hold21.3%-83.0%0.480.2623.7x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -41% -62% -83% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -83.0% (2011-01-06 → 2011-03-02), recovered after 903 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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