Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Zhaojin Mining Industry Co., Ltd. Class H backtest

10 trend-following strategies were compared on the full daily history of Zhaojin Mining Industry Co., Ltd. Class H. 7 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.3%, MDD -54.8%).

Data 2006-12-08 ~ 2026-07-31daily bars 4,839 (19.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 9.3%, drawdown -89.4%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 13.2%, MDD -57.2%, Sharpe 0.54, 41% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.9%p higher than buy and hold, while drawdown improves by 32.1%p (CAGR 11.3%, MDD -54.8%, exposure 40%).

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
ADX / DI 방향성
period=35, threshold=12
13.2%-57.2%0.540.2311.4x13441%
Donchian 채널 돌파
entryN=24, exitN=37
13.1%-59.7%0.520.2211.3x7060%
ROC 모멘텀
n=103, threshold=0.1
11.4%-55.9%0.500.208.4x15238%
볼린저 밴드 돌파
n=42, k=1.1
11.3%-54.8%0.490.218.2x13540%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=28, mult=0.9
11.3%-59.8%0.490.198.1x15843%
MACD
fast=9, slow=57, signal=9
11.1%-60.7%0.480.188.0x32948%
SMA 크로스오버
fast=57, slow=147
10.0%-68.0%0.450.156.5x3850%
Supertrend
period=11, mult=2
8.1%-78.9%0.400.104.6x24546%
EMA 크로스오버
fast=24, slow=28
7.9%-72.0%0.390.114.4x10250%
Parabolic SAR
step=0.015, maxStep=0.18
5.9%-79.5%0.340.073.1x33947%
Buy and hold9.3%-89.4%0.430.105.8x1100%
1x 10x 2007 2010 2013 2016 2019 2022 2025 ADX / DI 방향성Buy and hold
ADX / DI 방향성: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2007 2010 2013 2016 2019 2022 2025 Buy and holdADX / DI 방향성
ADX / DI 방향성 maximum drawdown -57.2% (2012-10-05 → 2022-11-01), recovered after 4,714 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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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