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Trend-Following Backtester · Guide · backtest 한국어

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Amova STI SGD ETF Units backtest

10 trend-following strategies were compared on the full daily history of Amova STI SGD ETF Units. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. Its 100% market exposure makes it hold-like.

Data 2009-02-24 ~ 2026-07-31daily bars 4,377 (17.4 years)Costs 0.5%Venue SGXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 7.5%, drawdown -38.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 8.1%, MDD -28.1%, Sharpe 0.63, 100% exposure. With at least 95% exposure, it should be treated as hold-like, not strong evidence of timing skill.

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
ROC 모멘텀
Hold-like · Exposure 100%
n=6, threshold=-0.09
8.1%-28.1%0.630.293.9x9100%
SMA 크로스오버
fast=55, slow=194
4.7%-18.2%0.540.262.2x2363%
ADX / DI 방향성
period=49, threshold=23
1.8%-5.6%0.490.321.4x88%
Supertrend
period=13, mult=4.1
3.1%-45.1%0.350.071.7x9960%
Donchian 채널 돌파
entryN=89, exitN=54
2.1%-22.1%0.290.101.4x3154%
EMA 크로스오버
fast=45, slow=177
2.0%-35.5%0.260.061.4x2966%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=27, mult=4
1.1%-32.2%0.190.031.2x5131%
볼린저 밴드 돌파
n=24, k=2.8
0.3%-16.1%0.080.021.0x328%
Parabolic SAR
step=0.015, maxStep=0.08
-0.1%-46.3%0.03-0.001.0x25956%
MACD
fast=18, slow=26, signal=10
-1.5%-47.3%-0.12-0.030.8x26148%
Buy and hold7.5%-38.5%0.570.203.5x1100%
1x 2010 2013 2016 2019 2022 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -10% -19% -29% -39% 2010 2013 2016 2019 2022 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -28.1% (2015-04-15 → 2016-01-21), recovered after 1,000 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

Method and caveats

Past performance does not guarantee future returns. Parameters were carried forward from the latest full optimization and replayed on this monthly dataset. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-optimize the same period and setupMore SG assetsAll asset reports

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