Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Hongfa Technology Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Hongfa Technology Co., Ltd. Class A. 1 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester.

Data 1996-02-05 ~ 2026-07-31daily bars 7,584 (30.5 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 12.2%, drawdown -79.7%).

Sharpe leader (same as main): Supertrend — CAGR 13.7%, MDD -67.5%, Sharpe 0.53, 57% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=8, mult=3.6
13.7%-67.5%0.530.2049.6x11957%
Donchian 채널 돌파
entryN=12, exitN=15
8.4%-63.2%0.410.1311.8x21860%
MACD
fast=23, slow=67, signal=24
7.0%-68.6%0.380.108.0x24251%
볼린저 밴드 돌파
n=54, k=0.9
6.1%-62.1%0.350.106.1x19246%
ROC 모멘텀
n=195, threshold=0.03
5.2%-81.0%0.330.064.7x16757%
Parabolic SAR
step=0.015, maxStep=0.2
5.3%-70.4%0.320.084.8x50252%
EMA 크로스오버
fast=50, slow=205
3.8%-85.9%0.290.043.1x3959%
SMA 크로스오버
fast=32, slow=215
3.4%-85.3%0.280.042.8x5958%
ADX / DI 방향성
period=22, threshold=11
1.5%-66.0%0.220.021.6x38053%
Keltner 채널 돌파
emaPeriod=49, atrPeriod=7, mult=1.7
0.4%-72.3%0.170.011.1x18839%
Buy and hold12.2%-79.7%0.480.1533.1x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -60% -80% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -67.5% (2001-07-10 → 2007-01-04), recovered after 2,136 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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