Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Wanhua Chemical Group Co. Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Wanhua Chemical Group Co. Ltd. Class A. 3 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 16.9%, MDD -44.1%).

Data 2001-01-05 ~ 2026-07-31daily bars 6,300 (25.6 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 16.7%, drawdown -81.6%).

Sharpe leader (same as main): Supertrend — CAGR 22.2%, MDD -61.5%, Sharpe 0.81, 66% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 5.5%p higher than buy and hold, while drawdown improves by 20.0%p (CAGR 16.9%, MDD -44.1%, exposure 55%).

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=5, mult=3.9
22.2%-61.5%0.810.36167.5x8466%
Donchian 채널 돌파
entryN=25, exitN=22
20.6%-46.6%0.790.44118.9x10355%
SMA 크로스오버
fast=20, slow=47
16.9%-44.1%0.690.3854.0x12855%
Parabolic SAR
step=0.02, maxStep=0.02
16.4%-50.9%0.680.3248.4x12853%
EMA 크로스오버
fast=15, slow=32
16.0%-49.7%0.660.3244.5x14556%
ROC 모멘텀
n=35, threshold=-0.04
15.7%-68.1%0.630.2342.1x33767%
볼린저 밴드 돌파
n=42, k=1.1
12.4%-60.7%0.570.2019.6x17944%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=21, mult=1.7
10.9%-48.1%0.550.2314.1x17237%
ADX / DI 방향성
period=18, threshold=36
4.4%-32.0%0.390.143.0x428%
MACD
fast=10, slow=24, signal=14
6.4%-56.8%0.370.114.9x42152%
Buy and hold16.7%-81.6%0.590.2051.7x1100%
1x 10x 100x 2002 2006 2010 2014 2018 2022 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -41% -61% -82% 2002 2006 2010 2014 2018 2022 2026 Buy and holdSupertrend
Supertrend maximum drawdown -61.5% (2021-02-18 → 2025-07-16), prior peak not yet recovered.

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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