Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Western Mining Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Western Mining Co., Ltd. Class A. 9 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 4.7%, MDD -52.9%).

Data 2007-07-12 ~ 2026-07-31daily bars 4,631 (19.1 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 0.8%, drawdown -92.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.1%, MDD -55.0%, Sharpe 0.54, 25% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 10.3%p higher than buy and hold, while drawdown improves by 37.5%p (CAGR 4.7%, MDD -52.9%, exposure 19%).

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
볼린저 밴드 돌파
n=61, k=2.2
11.1%-55.0%0.540.207.5x4325%
Supertrend
period=13, mult=3.1
10.5%-60.3%0.480.176.7x10744%
Donchian 채널 돌파
entryN=59, exitN=23
9.6%-60.7%0.480.165.8x4330%
Keltner 채널 돌파
emaPeriod=89, atrPeriod=12, mult=2.1
8.2%-59.5%0.420.144.5x5934%
Parabolic SAR
step=0.015, maxStep=0.02
7.6%-67.2%0.400.114.0x9745%
ADX / DI 방향성
period=35, threshold=9
6.8%-69.7%0.370.103.5x15551%
SMA 크로스오버
fast=54, slow=94
6.8%-69.1%0.370.103.5x5344%
ROC 모멘텀
n=75, threshold=0.22
4.7%-52.9%0.320.092.4x10319%
EMA 크로스오버
fast=27, slow=138
3.7%-71.6%0.280.052.0x3742%
MACD
fast=12, slow=27, signal=14
-1.0%-79.7%0.13-0.010.8x25955%
Buy and hold0.8%-92.6%0.250.011.2x1100%
1x 2008 2011 2014 2017 2020 2023 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -93% 2008 2011 2014 2017 2020 2023 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -55.0% (2021-01-08 → 2024-01-22), recovered after 1,813 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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