Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Chongyi Zhangyuan Tungsten Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Chongyi Zhangyuan Tungsten Co., Ltd. Class A. 10 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 7.8%, MDD -40.6%).

Data 2010-03-31 ~ 2026-07-31daily bars 3,967 (16.3 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 4.1%, drawdown -84.3%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 7.8%, MDD -40.6%, Sharpe 0.48, 10% exposure.

CAGR reference leader: MACD — CAGR 10.7%, MDD -62.9%, exposure 51%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 3.7%p higher than buy and hold, while drawdown improves by 43.7%p (CAGR 7.8%, MDD -40.6%, exposure 10%).

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=34, threshold=27
7.8%-40.6%0.480.193.4x1410%
MACD
fast=10, slow=62, signal=18
10.7%-62.9%0.470.175.3x17851%
Keltner 채널 돌파
emaPeriod=28, atrPeriod=26, mult=1.7
7.6%-56.8%0.400.133.3x9625%
볼린저 밴드 돌파
n=52, k=1.1
7.4%-57.5%0.390.133.2x9036%
Parabolic SAR
step=0.015, maxStep=0.36
7.2%-66.9%0.380.113.1x25447%
Donchian 채널 돌파
entryN=54, exitN=74
6.4%-63.6%0.360.102.8x2448%
Supertrend
period=29, mult=1.5
6.0%-67.3%0.350.092.6x25644%
ROC 모멘텀
n=89, threshold=0.03
5.8%-69.4%0.340.082.5x14441%
SMA 크로스오버
fast=76, slow=86
5.3%-76.9%0.330.072.3x7845%
EMA 크로스오버
fast=10, slow=85
4.7%-77.9%0.310.062.1x6844%
Buy and hold4.1%-84.3%0.330.051.9x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 MACDADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -21% -42% -63% -84% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdMACDADX / DI 방향성
ADX / DI 방향성 maximum drawdown -40.6% (2015-06-15 → 2021-03-23), recovered after 2,152 days.

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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