Trend-Following Backtester · Guide · backtest 한국어

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Henan Shenhuo Coal Industary and Electricity Power Corporation Limited Class A backtest

10 trend-following strategies were compared on the full daily history of Henan Shenhuo Coal Industary and Electricity Power Corporation Limited Class A. 5 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.2%, MDD -53.8%).

Data 1999-08-31 ~ 2026-07-31daily bars 6,653 (26.9 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 10.4%, drawdown -83.8%).

Sharpe leader (same as main): Supertrend — CAGR 16.4%, MDD -63.6%, Sharpe 0.60, 56% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.1%p higher than buy and hold, while drawdown improves by 20.2%p (CAGR 11.2%, MDD -53.8%, exposure 29%).

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=4, mult=3.3
16.4%-63.6%0.600.2659.8x13756%
Donchian 채널 돌파
entryN=11, exitN=62
14.6%-77.3%0.540.1939.1x8781%
볼린저 밴드 돌파
n=51, k=2.4
11.2%-53.8%0.510.2117.4x8829%
Parabolic SAR
step=0.005, maxStep=0.22
11.1%-66.7%0.490.1716.9x20946%
SMA 크로스오버
fast=40, slow=133
10.8%-65.7%0.470.1615.7x5652%
EMA 크로스오버
fast=45, slow=101
10.0%-60.3%0.450.1712.9x5652%
MACD
fast=6, slow=48, signal=18
8.5%-75.6%0.410.119.1x43152%
ROC 모멘텀
n=123, threshold=0.07
8.4%-71.8%0.410.128.7x19044%
ADX / DI 방향성
period=33, threshold=7
7.1%-68.7%0.370.106.3x31754%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=27, mult=4
5.7%-64.9%0.350.094.5x6221%
Buy and hold10.4%-83.8%0.450.1214.2x1100%
1x 10x 2000 2004 2008 2012 2016 2020 2024 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 2000 2004 2008 2012 2016 2020 2024 Buy and holdSupertrend
Supertrend maximum drawdown -63.6% (2007-09-24 → 2009-01-13), recovered after 2,752 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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