Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Kingnet Network Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Kingnet Network Co., Ltd. Class A. 10 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 18.8%, MDD -47.4%).

Data 2010-12-07 ~ 2026-07-31daily bars 3,779 (15.6 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 9.7%, drawdown -89.4%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 24.2%, MDD -49.1%, Sharpe 0.86, 35% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 14.4%p higher than buy and hold, while drawdown improves by 40.3%p (CAGR 18.8%, MDD -47.4%, exposure 25%).

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
Donchian 채널 돌파
entryN=48, exitN=24
24.2%-49.1%0.860.4929.6x3435%
볼린저 밴드 돌파
n=45, k=2.7
20.5%-47.6%0.840.4318.5x3823%
ADX / DI 방향성
period=28, threshold=21
18.8%-47.4%0.780.4014.8x3825%
Keltner 채널 돌파
emaPeriod=25, atrPeriod=16, mult=1.9
18.4%-59.8%0.740.3114.0x8226%
Parabolic SAR
step=0.025, maxStep=0.1
20.1%-54.6%0.710.3717.5x27544%
MACD
fast=15, slow=53, signal=5
18.1%-66.1%0.650.2713.5x24350%
Supertrend
period=20, mult=3.7
17.9%-70.9%0.640.2513.2x6350%
EMA 크로스오버
fast=22, slow=47
16.1%-73.1%0.610.2210.4x6046%
SMA 크로스오버
fast=53, slow=205
16.5%-65.4%0.600.2510.9x1447%
ROC 모멘텀
n=92, threshold=0.06
15.1%-73.3%0.580.219.0x12644%
Buy and hold9.7%-89.4%0.450.114.3x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -49.1% (2015-06-12 → 2020-06-11), recovered after 1,881 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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