Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Daqin Railway Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Daqin Railway Co., Ltd. Class A. 8 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 3.7%, MDD -20.3%).

Data 2006-08-01 ~ 2026-07-31daily bars 4,862 (20.0 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

8 of 10 beat buy and hold (CAGR -0.5%, drawdown -83.5%).

Sharpe leader (same as main): Supertrend — CAGR 6.8%, MDD -54.4%, Sharpe 0.42, 51% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 7.3%p higher than buy and hold, while drawdown improves by 29.1%p (CAGR 3.7%, MDD -20.3%, exposure 8%).

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=15, mult=4.8
6.8%-54.4%0.420.133.7x4451%
ADX / DI 방향성
period=36, threshold=27
3.7%-20.3%0.370.182.1x248%
ROC 모멘텀
n=83, threshold=0.09
4.3%-49.8%0.320.092.3x11622%
SMA 크로스오버
fast=22, slow=105
4.3%-53.1%0.310.082.3x5644%
Donchian 채널 돌파
entryN=59, exitN=43
4.2%-54.9%0.310.082.3x3637%
EMA 크로스오버
fast=34, slow=55
4.3%-59.4%0.300.072.3x6244%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=26, mult=4
2.7%-35.4%0.260.081.7x3014%
볼린저 밴드 돌파
n=52, k=1.9
1.2%-57.6%0.160.021.3x8028%
MACD
fast=19, slow=59, signal=15
-2.6%-80.7%-0.02-0.030.6x19753%
Parabolic SAR
step=0.005, maxStep=0.26
-6.7%-89.4%-0.24-0.070.2x16147%
Buy and hold-0.5%-83.5%0.14-0.010.9x1100%
1x 2007 2010 2013 2016 2019 2022 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 2007 2010 2013 2016 2019 2022 2025 Buy and holdSupertrend
Supertrend maximum drawdown -54.4% (2008-01-07 → 2012-11-28), recovered after 2,655 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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