Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Guizhou Space Appliance Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Guizhou Space Appliance Co., Ltd. Class A. 0 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 15.3%, MDD -49.7%).

Data 2004-07-26 ~ 2026-07-31daily bars 5,374 (22.0 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 15.7%, drawdown -77.5%).

Sharpe leader (same as main): MACD — CAGR 15.3%, MDD -49.7%, Sharpe 0.60, 49% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 15.5%, MDD -56.0%, exposure 56%.

Return/drawdown alternative: MACD — CAGR is 0.5%p lower than buy and hold, while drawdown improves by 27.8%p (CAGR 15.3%, MDD -49.7%, exposure 49%).

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=13, slow=22, signal=17
15.3%-49.7%0.600.3122.8x29849%
SMA 크로스오버
fast=67, slow=156
15.5%-56.0%0.590.2823.7x3556%
Supertrend
period=9, mult=2.4
8.9%-62.6%0.430.146.5x18056%
Parabolic SAR
step=0.015, maxStep=0.26
8.7%-67.6%0.420.136.3x36449%
볼린저 밴드 돌파
n=22, k=1
7.7%-53.5%0.400.145.2x28246%
Donchian 채널 돌파
entryN=9, exitN=52
7.2%-70.8%0.380.104.6x8784%
EMA 크로스오버
fast=77, slow=224
4.5%-72.0%0.310.062.7x2764%
Keltner 채널 돌파
emaPeriod=21, atrPeriod=8, mult=1.2
4.5%-59.2%0.300.082.6x22838%
ROC 모멘텀
n=114, threshold=-0.03
2.5%-77.2%0.260.031.7x23965%
ADX / DI 방향성
period=27, threshold=31
2.0%-25.0%0.230.081.5x124%
Buy and hold15.7%-77.5%0.550.2024.9x1100%
1x 10x 2005 2008 2011 2014 2017 2020 2023 2026 SMA 크로스오버MACDBuy and hold
MACD (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -19% -39% -58% -78% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdSMA 크로스오버MACD
MACD maximum drawdown -49.7% (2021-01-04 → 2024-04-23), recovered after 2,004 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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