Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Kingboard Laminates Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of Kingboard Laminates Holdings Limited. 9 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 16.8%, MDD -51.3%).

Data 2006-12-07 ~ 2026-07-31daily bars 4,840 (19.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 6.2%, drawdown -83.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 16.8%, MDD -51.3%, Sharpe 0.64, 42% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 17.4%, MDD -72.0%, exposure 54%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 10.5%p higher than buy and hold, while drawdown improves by 32.5%p (CAGR 16.8%, MDD -51.3%, exposure 42%).

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
Keltner 채널 돌파
emaPeriod=56, atrPeriod=14, mult=1.4
16.8%-51.3%0.640.3321.1x10042%
Donchian 채널 돌파
entryN=98, exitN=74
17.3%-72.0%0.640.2423.1x2148%
SMA 크로스오버
fast=34, slow=87
17.4%-72.0%0.630.2423.5x5354%
볼린저 밴드 돌파
n=50, k=1.1
15.8%-51.3%0.610.3118.0x11043%
EMA 크로스오버
fast=30, slow=155
14.5%-72.0%0.570.2014.3x2946%
ROC 모멘텀
n=73, threshold=0
15.1%-72.0%0.570.2115.8x15553%
ADX / DI 방향성
period=39, threshold=15
13.1%-53.2%0.570.2511.2x9830%
Supertrend
period=20, mult=3.4
12.3%-61.3%0.520.209.8x10449%
MACD
fast=18, slow=56, signal=17
9.4%-70.3%0.440.135.8x19852%
Parabolic SAR
step=0.02, maxStep=0.26
3.6%-76.7%0.270.052.0x37853%
Buy and hold6.2%-83.8%0.370.073.3x1100%
1x 10x 2007 2010 2013 2016 2019 2022 2025 SMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -21% -42% -63% -84% 2007 2010 2013 2016 2019 2022 2025 Buy and holdSMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -51.3% (2026-06-25 → 2026-07-14), prior peak not yet recovered.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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

Read next