Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Henan Shuanghui Investment & Development Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Henan Shuanghui Investment & Development Co., Ltd. Class A. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 12.6%, MDD -50.7%).

Data 1998-12-10 ~ 2026-07-31daily bars 6,841 (27.6 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 11.4%, drawdown -65.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 12.6%, MDD -50.7%, Sharpe 0.48, 73% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.2%p higher than buy and hold, while drawdown improves by 15.0%p (CAGR 12.6%, MDD -50.7%, exposure 73%).

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
Donchian 채널 돌파
entryN=22, exitN=47
12.6%-50.7%0.480.2526.3x7173%
Supertrend
period=13, mult=4.7
11.4%-55.5%0.460.2019.6x6360%
ROC 모멘텀
Hold-like · Exposure 100%
n=2, threshold=-0.14
11.0%-65.6%0.440.1718.0x15100%
SMA 크로스오버
fast=8, slow=96
7.0%-55.0%0.400.136.5x11453%
EMA 크로스오버
fast=54, slow=67
8.3%-63.9%0.380.139.0x6656%
Keltner 채널 돌파
emaPeriod=40, atrPeriod=23, mult=3.8
7.5%-30.2%0.370.257.5x3615%
볼린저 밴드 돌파
n=36, k=3.3
6.6%-29.6%0.340.225.8x3212%
ADX / DI 방향성
period=35, threshold=13
6.0%-54.4%0.310.115.0x15339%
MACD
fast=16, slow=47, signal=17
-0.3%-83.5%0.10-0.000.9x31950%
Parabolic SAR
step=0.02, maxStep=0.2
-1.4%-87.3%0.08-0.020.7x51951%
Buy and hold11.4%-65.6%0.450.1719.7x1100%
1x 10x 1999 2003 2007 2011 2015 2019 2023 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -33% -49% -66% 1999 2003 2007 2011 2015 2019 2023 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -50.7% (2020-08-28 → 2024-11-25), prior peak not yet recovered.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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