Trend-Following Backtester · Guide · backtest 한국어

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Baiyin Nonferrous Group Co Ltd Class A backtest

10 trend-following strategies were compared on the full daily history of Baiyin Nonferrous Group Co Ltd Class A. 4 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 8.4%, MDD -38.1%).

Data 2017-02-16 ~ 2026-07-31daily bars 2,296 (9.5 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 6.2%, drawdown -86.4%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 14.9%, MDD -55.3%, Sharpe 0.75, 5% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.7%p higher than buy and hold, while drawdown improves by 31.1%p (CAGR 8.4%, MDD -38.1%, exposure 24%).

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
ROC 모멘텀
n=5, threshold=0.1
14.9%-55.3%0.750.273.7x825%
Parabolic SAR
step=0.03, maxStep=0.38
11.2%-74.3%0.480.152.7x21744%
볼린저 밴드 돌파
n=39, k=2.2
8.4%-38.1%0.420.222.1x3824%
Supertrend
period=8, mult=2.1
8.1%-76.8%0.400.102.1x10642%
ADX / DI 방향성
period=39, threshold=23
5.4%-50.7%0.350.111.6x1010%
Keltner 채널 돌파
emaPeriod=13, atrPeriod=14, mult=1.7
5.4%-67.3%0.330.081.6x6214%
Donchian 채널 돌파
entryN=67, exitN=15
5.1%-42.0%0.330.121.6x1816%
MACD
fast=19, slow=50, signal=12
-0.3%-59.1%0.16-0.011.0x10149%
SMA 크로스오버
fast=11, slow=31
-0.9%-74.6%0.14-0.010.9x8041%
EMA 크로스오버
fast=42, slow=93
-2.9%-71.0%0.06-0.040.8x2440%
Buy and hold6.2%-86.4%0.360.071.8x1100%
1x 2018 2020 2022 2024 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -43% -65% -86% 2018 2020 2022 2024 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -55.3% (2017-03-23 → 2025-09-04), recovered after 3,232 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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