Trend-Following Backtester · Guide · backtest 한국어

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GAMCO Global Gold, Natural Resources & Income Trust backtest

10 trend-following strategies were compared on the full daily history of GAMCO Global Gold, Natural Resources & Income Trust. 9 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.0%, MDD -3.3%).

Data 2005-03-29 ~ 2026-07-31daily bars 5,370 (21.3 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -6.4%, drawdown -93.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 0.4%, MDD -9.9%, Sharpe 0.13, 1% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 6.8%p higher than buy and hold, while drawdown improves by 83.4%p (CAGR -0.0%, MDD -3.3%, exposure 0%).

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=21, k=3.5
0.4%-9.9%0.130.041.1x41%
SMA 크로스오버
fast=36, slow=203
-0.2%-50.1%0.07-0.001.0x3245%
EMA 크로스오버
fast=39, slow=145
-0.8%-43.2%0.02-0.020.8x3243%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=17, mult=2.8
-0.0%-15.4%0.02-0.001.0x183%
ADX / DI 방향성
period=38, threshold=24
-0.0%-3.3%-0.00-0.001.0x20%
Donchian 채널 돌파
entryN=102, exitN=65
-1.1%-49.6%-0.03-0.020.8x2236%
ROC 모멘텀
n=192, threshold=-0.04
-2.9%-70.0%-0.11-0.040.5x10554%
Supertrend
period=19, mult=5
-3.6%-69.0%-0.14-0.050.5x6651%
Parabolic SAR
step=0.015, maxStep=0.16
-5.9%-78.3%-0.23-0.080.3x33752%
MACD
fast=12, slow=35, signal=16
-6.6%-79.1%-0.24-0.080.2x30351%
Buy and hold-6.4%-93.3%-0.08-0.070.2x1100%
1x 2006 2009 2012 2015 2018 2021 2024 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -47% -70% -93% 2006 2009 2012 2015 2018 2021 2024 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -9.9% (2016-04-29 → 2016-05-10), prior peak not yet recovered.

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.
Re-run the same setupAll asset reports

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