Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Inner Mongolia Xingye Silver and Tin Mining Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Inner Mongolia Xingye Silver and Tin Mining Co., Ltd. Class A. 2 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 13.9%, MDD -55.0%).

Data 1996-08-28 ~ 2026-07-31daily bars 7,437 (29.9 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 12.9%, drawdown -75.7%).

Sharpe leader (same as main): MACD — CAGR 13.9%, MDD -55.0%, Sharpe 0.56, 52% exposure.

Return/drawdown alternative: MACD — CAGR is 1.0%p higher than buy and hold, while drawdown improves by 20.7%p (CAGR 13.9%, MDD -55.0%, exposure 52%).

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
MACD
fast=23, slow=27, signal=24
13.9%-55.0%0.560.2549.5x26152%
Supertrend
period=12, mult=3.3
13.1%-65.7%0.520.2039.4x16654%
Donchian 채널 돌파
entryN=15, exitN=18
12.7%-70.7%0.510.1836.2x17856%
Keltner 채널 돌파
emaPeriod=47, atrPeriod=27, mult=2.1
11.5%-60.9%0.510.1925.7x13434%
볼린저 밴드 돌파
n=19, k=1.4
11.5%-65.8%0.510.1725.8x35238%
Parabolic SAR
step=0.01, maxStep=0.12
12.0%-64.0%0.500.1929.7x35552%
EMA 크로스오버
fast=58, slow=190
8.5%-61.1%0.410.1411.5x4053%
ROC 모멘텀
n=105, threshold=0.13
7.8%-72.5%0.400.119.4x20434%
ADX / DI 방향성
period=21, threshold=29
6.0%-52.3%0.390.115.7x6814%
SMA 크로스오버
fast=15, slow=174
7.5%-77.5%0.380.108.8x8252%
Buy and hold12.9%-75.7%0.500.1737.7x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -76% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdMACD
MACD maximum drawdown -55.0% (2017-08-09 → 2020-05-22), recovered after 2,438 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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