Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Estun Automation Co. Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Estun Automation Co. Ltd. Class A. 2 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 35.3%, MDD -45.0%).

Data 2015-03-20 ~ 2026-07-31daily bars 2,762 (11.4 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 29.0%, drawdown -72.7%).

Sharpe leader (same as main): Supertrend — CAGR 35.3%, MDD -45.0%, Sharpe 0.99, 52% exposure.

Return/drawdown alternative: Supertrend — CAGR is 6.3%p higher than buy and hold, while drawdown improves by 27.8%p (CAGR 35.3%, MDD -45.0%, exposure 52%).

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
Supertrend
period=15, mult=2.6
35.3%-45.0%0.990.7931.2x8652%
Parabolic SAR
step=0.01, maxStep=0.22
29.9%-50.6%0.870.5919.5x14652%
볼린저 밴드 돌파
n=30, k=1.1
22.4%-30.2%0.760.7410.0x9241%
Keltner 채널 돌파
emaPeriod=17, atrPeriod=15, mult=1.4
20.4%-34.5%0.750.598.3x10833%
EMA 크로스오버
fast=12, slow=22
22.4%-42.5%0.730.5310.0x8051%
SMA 크로스오버
fast=14, slow=31
19.5%-57.0%0.660.347.6x8651%
Donchian 채널 돌파
entryN=11, exitN=8
18.7%-48.7%0.650.387.0x12848%
ADX / DI 방향성
period=15, threshold=17
16.8%-49.2%0.610.345.8x15446%
ROC 모멘텀
n=17, threshold=0.02
13.8%-53.2%0.540.264.4x27046%
MACD
fast=14, slow=41, signal=12
12.2%-59.8%0.500.203.7x14851%
Buy and hold29.0%-72.7%0.750.4018.1x1100%
1x 10x 2016 2018 2020 2022 2024 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -55% -73% 2016 2018 2020 2022 2024 2026 Buy and holdSupertrend
Supertrend maximum drawdown -45.0% (2022-08-01 → 2024-08-23), recovered after 1,389 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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