Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Hebei Changshan Biochemical Pharmaceutical Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Hebei Changshan Biochemical Pharmaceutical Co., Ltd. Class A. 4 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 16.8%, MDD -52.1%).

Data 2011-08-19 ~ 2026-07-31daily bars 3,624 (14.9 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 12.9%, drawdown -79.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 16.8%, MDD -52.1%, Sharpe 0.61, 28% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 4.0%p higher than buy and hold, while drawdown improves by 27.0%p (CAGR 16.8%, MDD -52.1%, exposure 28%).

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
볼린저 밴드 돌파
n=58, k=1.9
16.8%-52.1%0.610.3210.3x5228%
Donchian 채널 돌파
entryN=48, exitN=32
15.7%-65.0%0.570.248.8x3638%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=26, mult=2.4
15.0%-58.4%0.570.268.1x5428%
ROC 모멘텀
n=109, threshold=-0.01
14.4%-86.2%0.530.177.4x13452%
MACD
fast=14, slow=57, signal=17
12.8%-71.4%0.510.186.1x16350%
SMA 크로스오버
fast=31, slow=95
11.6%-75.4%0.480.155.2x4847%
Parabolic SAR
step=0.02, maxStep=0.08
11.0%-75.1%0.470.154.8x23447%
EMA 크로스오버
fast=25, slow=193
10.7%-84.5%0.460.134.6x2648%
Supertrend
period=12, mult=4.5
9.9%-59.0%0.440.174.1x5049%
ADX / DI 방향성
period=20, threshold=22
6.6%-54.9%0.360.122.6x7420%
Buy and hold12.9%-79.1%0.500.166.1x1100%
1x 10x 2012 2014 2016 2018 2020 2022 2024 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -59% -79% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -52.1% (2019-04-09 → 2022-12-20), recovered after 1,631 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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