Trend-Following Backtester · Guide · backtest 한국어

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Contemporary Amperex Technology Co., Limited Class A backtest

10 trend-following strategies were compared on the full daily history of Contemporary Amperex Technology Co., Limited Class A. 0 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 35.8%, MDD -46.6%).

Data 2018-06-11 ~ 2026-07-31daily bars 1,974 (8.1 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 44.1%, drawdown -63.2%).

Sharpe leader (same as main): MACD — CAGR 35.8%, MDD -46.6%, Sharpe 1.12, 48% exposure.

Return/drawdown alternative: MACD — CAGR is 8.3%p lower than buy and hold, while drawdown improves by 16.6%p (CAGR 35.8%, MDD -46.6%, exposure 48%).

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
MACD
fast=11, slow=46, signal=19
35.8%-46.6%1.120.7712.1x7948%
SMA 크로스오버
fast=26, slow=248
31.5%-44.4%0.970.719.3x954%
볼린저 밴드 돌파
n=36, k=1.5
28.0%-35.1%0.960.807.5x5240%
Parabolic SAR
step=0.005, maxStep=0.38
29.2%-45.6%0.920.648.0x7152%
Donchian 채널 돌파
entryN=31, exitN=15
25.7%-28.8%0.910.896.4x3442%
ROC 모멘텀
n=149, threshold=0.04
26.6%-42.3%0.870.636.8x5754%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=11, mult=2
24.1%-27.3%0.870.885.8x3638%
ADX / DI 방향성
period=51, threshold=6
26.3%-41.7%0.840.636.7x4662%
EMA 크로스오버
fast=68, slow=158
25.9%-50.1%0.830.526.5x959%
Supertrend
period=21, mult=4.3
21.7%-41.8%0.760.524.9x2856%
Buy and hold44.1%-63.2%1.050.7019.6x1100%
1x 10x 2019 2020 2021 2022 2023 2024 2025 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -32% -47% -63% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdMACD
MACD maximum drawdown -46.6% (2021-11-09 → 2024-01-30), recovered after 1,064 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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