Trend-Following Backtester · Guide · backtest 한국어

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E Fund SSE Science and Technology Innovation Board 50 Exchange Traded Fund backtest

10 trend-following strategies were compared on the full daily history of E Fund SSE Science and Technology Innovation Board 50 Exchange Traded Fund. 10 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 15.0%, MDD -18.2%).

Data 2020-09-28 ~ 2026-07-31daily bars 1,395 (5.8 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 2.7%, drawdown -60.0%).

Sharpe leader (same as main): MACD — CAGR 16.3%, MDD -40.2%, Sharpe 0.77, 45% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 13.6%p higher than buy and hold, while drawdown improves by 19.8%p (CAGR 15.0%, MDD -18.2%, exposure 27%).

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
MACD
fast=17, slow=45, signal=11
16.3%-40.2%0.770.412.4x6045%
볼린저 밴드 돌파
n=23, k=1.8
15.0%-18.2%0.760.822.3x3227%
ADX / DI 방향성
period=9, threshold=31
14.9%-19.0%0.760.792.3x4623%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=9, mult=1.7
12.1%-22.8%0.640.531.9x3025%
Supertrend
period=29, mult=2.4
11.5%-24.8%0.600.471.9x5046%
EMA 크로스오버
fast=18, slow=332
9.9%-28.8%0.580.341.7x332%
Parabolic SAR
step=0.01, maxStep=0.28
10.7%-37.4%0.560.291.8x7845%
SMA 크로스오버
fast=14, slow=257
8.2%-28.8%0.490.291.6x536%
ROC 모멘텀
n=133, threshold=-0.08
7.9%-40.7%0.430.191.6x2156%
Donchian 채널 돌파
entryN=20, exitN=27
5.7%-29.1%0.350.201.4x2850%
Buy and hold2.7%-60.0%0.240.051.2x1100%
1x 2021 2022 2023 2024 2025 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -30% -45% -60% 2021 2022 2023 2024 2025 2026 Buy and holdMACD
MACD maximum drawdown -40.2% (2023-04-20 → 2024-08-05), recovered after 853 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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