Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Damai Entertainment Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of Damai Entertainment Holdings Limited. 10 beat buy-and-hold CAGR; Parabolic SAR ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 12.6%, MDD -67.7%).

Data 2003-01-08 ~ 2026-07-31daily bars 5,837 (23.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 1.9%, drawdown -96.9%).

Sharpe leader (same as main): Parabolic SAR — CAGR 18.2%, MDD -73.9%, Sharpe 0.49, 43% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 16.3%p higher than buy and hold, while drawdown improves by 22.9%p (CAGR 12.6%, MDD -67.7%, exposure 22%).

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
Parabolic SAR
step=0.005, maxStep=0.16
18.2%-73.9%0.490.2551.7x13843%
SMA 크로스오버
fast=23, slow=113
14.8%-87.2%0.450.1725.6x6240%
볼린저 밴드 돌파
n=50, k=2
14.7%-68.5%0.440.2125.4x8226%
EMA 크로스오버
fast=56, slow=204
14.4%-72.4%0.440.2023.8x2033%
Donchian 채널 돌파
entryN=30, exitN=15
13.5%-85.0%0.430.1619.8x11233%
ROC 모멘텀
n=99, threshold=0.24
12.6%-67.7%0.410.1916.4x12422%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=12, mult=2.6
12.5%-81.1%0.410.1516.0x7021%
Supertrend
period=14, mult=4.1
8.5%-86.1%0.370.106.9x9649%
MACD
fast=19, slow=39, signal=7
2.8%-90.4%0.300.031.9x37150%
ADX / DI 방향성
period=26, threshold=24
5.0%-69.5%0.270.073.2x7820%
Buy and hold1.9%-96.9%0.360.021.6x1100%
1x 10x 2004 2007 2010 2013 2016 2019 2022 2025 Parabolic SARBuy and hold
Parabolic SAR: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -73% -97% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdParabolic SAR
Parabolic SAR maximum drawdown -73.9% (2015-04-09 → 2022-04-25), prior peak not yet recovered.

Rules of the top strategy

Trades around the Parabolic SAR dots that accelerate toward 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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