Trend-Following Backtester · Guide · backtest 한국어

equity · HK

China Resources Land Limited backtest

10 trend-following strategies were compared on the full daily history of China Resources Land Limited. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2000-01-04 ~ 2026-07-31daily bars 6,623 (26.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.4%, drawdown -76.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 8.9%, MDD -77.4%, Sharpe 0.42, 53% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=49, exitN=43
8.9%-77.4%0.420.119.6x6153%
SMA 크로스오버
fast=34, slow=190
8.2%-78.9%0.400.108.2x4956%
EMA 크로스오버
fast=29, slow=128
7.2%-77.2%0.370.096.3x5957%
볼린저 밴드 돌파
n=43, k=3.5
5.0%-34.4%0.370.143.6x208%
Keltner 채널 돌파
emaPeriod=39, atrPeriod=28, mult=3.2
5.0%-58.4%0.320.093.7x7219%
ADX / DI 방향성
period=35, threshold=14
4.4%-75.1%0.290.063.1x12032%
Supertrend
period=15, mult=4.6
3.8%-83.2%0.280.052.7x9257%
MACD
fast=22, slow=71, signal=23
2.9%-81.2%0.250.042.1x24151%
ROC 모멘텀
n=144, threshold=0.04
2.6%-92.0%0.240.032.0x26550%
Parabolic SAR
step=0.005, maxStep=0.26
0.2%-87.7%0.180.001.1x21553%
Buy and hold14.4%-76.3%0.520.1935.9x1100%
1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -39% -58% -77% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -77.4% (2009-10-22 → 2025-04-07), prior peak not yet recovered.

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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