Trend-Following Backtester · Guide · backtest 한국어

equity · CN

TBEA Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of TBEA Co., Ltd. Class A. 4 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 11.0%, MDD -29.8%).

Data 1997-06-18 ~ 2026-07-31daily bars 7,227 (29.1 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 13.5%, drawdown -72.9%).

Sharpe leader (same as main): Supertrend — CAGR 19.1%, MDD -60.0%, Sharpe 0.72, 56% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 5.6%p higher than buy and hold, while drawdown improves by 12.9%p (CAGR 11.0%, MDD -29.8%, exposure 17%).

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
Supertrend
period=13, mult=5
19.1%-60.0%0.720.32163.1x6256%
EMA 크로스오버
fast=55, slow=83
17.1%-58.0%0.660.2998.6x4853%
Donchian 채널 돌파
entryN=85, exitN=77
16.7%-51.2%0.660.3390.5x3653%
SMA 크로스오버
fast=59, slow=81
15.8%-55.8%0.630.2870.9x10252%
Keltner 채널 돌파
emaPeriod=27, atrPeriod=8, mult=2.8
11.0%-29.8%0.610.3720.8x7217%
볼린저 밴드 돌파
n=22, k=2.6
10.2%-46.8%0.570.2216.7x11817%
ROC 모멘텀
n=105, threshold=-0.02
13.4%-68.1%0.550.2039.1x26458%
Parabolic SAR
step=0.005, maxStep=0.06
11.0%-72.0%0.510.1520.7x21947%
ADX / DI 방향성
period=15, threshold=19
10.6%-49.6%0.510.2118.6x34938%
MACD
fast=14, slow=58, signal=17
9.9%-82.2%0.470.1215.5x33151%
Buy and hold13.5%-72.9%0.520.1940.0x1100%
1x 10x 100x 1998 2002 2006 2010 2014 2018 2022 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -55% -73% 1998 2002 2006 2010 2014 2018 2022 2026 Buy and holdSupertrend
Supertrend maximum drawdown -60.0% (1999-07-27 → 2003-11-19), recovered after 2,478 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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