Trend-Following Backtester · Guide · backtest 한국어

equity · CN

China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of China Merchants Shekou Industrial Zone Holdings Co., Ltd. Class A. 4 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 1993-06-07 ~ 2026-07-31daily bars 8,279 (33.1 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 2.3%, drawdown -85.8%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 6.2%, MDD -83.6%, Sharpe 0.35, 48% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
ADX / DI 방향성
period=38, threshold=10
6.2%-83.6%0.350.077.4x28048%
볼린저 밴드 돌파
n=59, k=1.3
5.0%-74.9%0.310.075.0x16438%
SMA 크로스오버
fast=52, slow=121
4.6%-78.8%0.300.064.5x7649%
Donchian 채널 돌파
entryN=57, exitN=65
4.2%-77.7%0.290.053.9x6255%
Supertrend
period=34, mult=3.3
1.8%-75.2%0.220.021.8x18847%
EMA 크로스오버
fast=37, slow=193
1.2%-88.3%0.210.011.5x6647%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=18, mult=2.7
1.2%-74.6%0.180.021.5x11225%
ROC 모멘텀
n=79, threshold=0.07
0.5%-82.7%0.180.011.2x34237%
Parabolic SAR
step=0.005, maxStep=0.14
-0.3%-90.3%0.15-0.000.9x26550%
MACD
fast=12, slow=53, signal=16
-0.7%-89.9%0.14-0.010.8x42753%
Buy and hold2.3%-85.8%0.280.032.2x1100%
1x 10x 1994 1999 2004 2009 2014 2019 2024 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -43% -64% -86% 1994 1999 2004 2009 2014 2019 2024 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -83.6% (2009-07-03 → 2026-05-27), prior peak not yet recovered.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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