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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Ardmore Shipping Corporation backtest

10 trend-following strategies were compared on the full daily history of Ardmore Shipping Corporation. 8 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 2.4%, MDD -33.3%).

Data 2013-08-01 ~ 2026-07-31daily bars 3,269 (13.0 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR 1.9%, drawdown -82.6%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 6.1%, MDD -71.0%, Sharpe 0.34, 52% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 4.2%p higher than buy and hold, while drawdown improves by 11.5%p (CAGR 2.4%, MDD -33.3%, exposure 6%).

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
n=128, threshold=-0.02
6.1%-71.0%0.340.092.2x9552%
Parabolic SAR
step=0.025, maxStep=0.2
5.7%-67.4%0.330.082.1x30350%
SMA 크로스오버
fast=36, slow=174
5.5%-69.6%0.330.082.0x2148%
Donchian 채널 돌파
entryN=119, exitN=6
3.6%-35.0%0.300.101.6x3810%
Supertrend
period=18, mult=3.3
4.5%-70.7%0.300.061.8x7151%
EMA 크로스오버
fast=43, slow=123
2.8%-73.7%0.240.041.4x2547%
볼린저 밴드 돌파
n=36, k=3.3
2.4%-33.3%0.240.071.4x146%
Keltner 채널 돌파
emaPeriod=13, atrPeriod=23, mult=2
2.5%-45.4%0.230.061.4x5412%
MACD
fast=16, slow=66, signal=23
0.3%-88.5%0.180.001.0x11551%
ADX / DI 방향성
period=20, threshold=12
-4.3%-79.6%0.01-0.050.6x20041%
Buy and hold1.9%-82.6%0.280.021.3x1100%
1x 2014 2016 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -41% -62% -83% 2014 2016 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -71.0% (2015-07-20 → 2022-01-28), recovered after 2,647 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 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 setupMore US assetsAll asset reports

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