Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Hunan Gold Corp. Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Hunan Gold Corp. Ltd. Class A. 10 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 4.5%, MDD -47.7%).

Data 2007-08-16 ~ 2026-07-31daily bars 4,606 (19.0 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 0.7%, drawdown -89.3%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.9%, MDD -48.8%, Sharpe 0.48, 46% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 10.2%p higher than buy and hold, while drawdown improves by 40.6%p (CAGR 4.5%, MDD -47.7%, exposure 21%).

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
ROC 모멘텀
n=123, threshold=0.04
10.9%-48.8%0.480.227.1x12246%
SMA 크로스오버
fast=24, slow=170
7.9%-59.6%0.400.134.3x3449%
ADX / DI 방향성
period=37, threshold=8
7.1%-70.4%0.380.103.7x16460%
EMA 크로스오버
fast=17, slow=30
6.2%-64.1%0.350.103.1x10250%
Donchian 채널 돌파
entryN=112, exitN=51
4.6%-70.4%0.300.072.3x2834%
Keltner 채널 돌파
emaPeriod=47, atrPeriod=8, mult=3
4.5%-47.7%0.300.092.3x4821%
볼린저 밴드 돌파
n=19, k=1.1
4.0%-61.9%0.290.062.1x27640%
Supertrend
period=13, mult=2.9
3.5%-63.4%0.280.061.9x12650%
Parabolic SAR
step=0.01, maxStep=0.32
2.6%-65.0%0.250.041.6x23947%
MACD
fast=13, slow=24, signal=7
1.3%-78.4%0.220.021.3x35753%
Buy and hold0.7%-89.3%0.260.011.2x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2008 2011 2014 2017 2020 2023 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -48.8% (2026-03-02 → 2026-07-14), prior peak not yet recovered.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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