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Trend-Following Backtester · Guide · backtest 한국어

equity · US

Geopark Ltd backtest

10 trend-following strategies were compared on the full daily history of Geopark Ltd. 8 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 3.7%, MDD -51.1%).

Data 2010-10-15 ~ 2026-07-31daily bars 3,971 (15.8 years)Costs 0.5%Venue XNYSMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -0.3%, drawdown -84.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 3.9%, MDD -67.1%, Sharpe 0.29, 68% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.3%, MDD -66.6%, exposure 39%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 4.2%p higher than buy and hold, while drawdown improves by 17.0%p (CAGR 3.7%, MDD -51.1%, exposure 23%).

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=14, exitN=32
3.9%-67.1%0.290.061.8x7568%
ROC 모멘텀
n=120, threshold=0.07
4.3%-66.6%0.290.061.9x13539%
Supertrend
period=21, mult=3.3
4.1%-75.0%0.290.061.9x9251%
ADX / DI 방향성
period=42, threshold=16
3.7%-51.1%0.280.071.8x5023%
SMA 크로스오버
fast=14, slow=184
3.2%-72.3%0.260.041.6x2947%
EMA 크로스오버
fast=16, slow=91
3.1%-66.3%0.260.051.6x4349%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=16, mult=1.6
3.1%-54.8%0.250.061.6x10832%
볼린저 밴드 돌파
n=47, k=2.8
2.2%-53.8%0.210.041.4x3618%
Parabolic SAR
step=0.015, maxStep=0.22
-3.1%-79.8%0.07-0.040.6x24049%
MACD
fast=19, slow=22, signal=9
-6.9%-81.8%-0.04-0.080.3x26251%
Buy and hold-0.3%-84.0%0.24-0.000.9x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -21% -42% -63% -84% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -67.1% (2011-01-14 → 2016-06-09), recovered after 2,320 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 setupMore US assetsAll asset reports

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