Trend-Following Backtester · Guide · backtest 한국어

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Dongfang Electric Corporation Limited Class A backtest

10 trend-following strategies were compared on the full daily history of Dongfang Electric Corporation Limited Class A. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 8.3%, MDD -57.3%).

Data 1995-10-10 ~ 2026-07-31daily bars 7,668 (30.8 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 3.6%, drawdown -86.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.3%, MDD -57.3%, Sharpe 0.40, 61% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 4.7%p higher than buy and hold, while drawdown improves by 29.1%p (CAGR 8.3%, MDD -57.3%, exposure 61%).

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=34, exitN=56
8.3%-57.3%0.400.1411.6x7861%
Supertrend
period=5, mult=4.1
7.4%-71.2%0.380.108.9x11660%
SMA 크로스오버
fast=10, slow=66
5.8%-73.2%0.340.085.7x16053%
EMA 크로스오버
fast=13, slow=72
5.8%-69.3%0.340.085.6x13253%
볼린저 밴드 돌파
n=44, k=1.6
4.0%-73.6%0.280.053.4x17438%
ADX / DI 방향성
period=30, threshold=13
3.9%-67.8%0.280.063.2x25247%
ROC 모멘텀
n=57, threshold=0.01
2.9%-82.6%0.250.032.4x36252%
Keltner 채널 돌파
emaPeriod=50, atrPeriod=27, mult=2
2.6%-77.4%0.230.032.2x15836%
Parabolic SAR
step=0.01, maxStep=0.38
1.6%-80.0%0.210.021.6x37851%
MACD
fast=19, slow=48, signal=17
-0.0%-86.8%0.16-0.001.0x31852%
Buy and hold3.6%-86.4%0.300.043.0x1100%
1x 10x 1996 2000 2004 2008 2012 2016 2020 2024 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -43% -65% -86% 1996 2000 2004 2008 2012 2016 2020 2024 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -57.3% (2019-04-17 → 2020-04-28), recovered after 1,230 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 setupAll asset reports

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