Trend-Following Backtester · Guide · backtest 한국어

equity · HK

AAC Technologies Holdings Inc. backtest

10 trend-following strategies were compared on the full daily history of AAC Technologies Holdings Inc.. 5 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 14.4%, MDD -37.2%).

Data 2005-08-09 ~ 2026-07-31daily bars 5,172 (21.0 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 12.7%, drawdown -93.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 14.4%, MDD -37.2%, Sharpe 0.66, 31% exposure.

CAGR reference leader: Supertrend — CAGR 16.6%, MDD -56.3%, exposure 56%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 1.7%p higher than buy and hold, while drawdown improves by 56.6%p (CAGR 14.4%, MDD -37.2%, exposure 31%).

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=50, atrPeriod=8, mult=2.8
14.4%-37.2%0.660.3916.8x6231%
Supertrend
period=12, mult=4
16.6%-56.3%0.620.2925.0x7656%
Donchian 채널 돌파
entryN=58, exitN=64
15.3%-53.3%0.590.2919.9x3553%
EMA 크로스오버
fast=49, slow=55
15.4%-67.1%0.590.2320.0x4757%
SMA 크로스오버
fast=30, slow=65
13.9%-53.9%0.560.2615.4x7454%
볼린저 밴드 돌파
n=51, k=1.9
10.1%-50.4%0.480.207.6x8839%
ADX / DI 방향성
period=35, threshold=12
9.9%-57.5%0.470.177.2x14638%
ROC 모멘텀
n=39, threshold=-0.04
9.7%-69.2%0.440.146.9x29463%
Parabolic SAR
step=0.01, maxStep=0.36
0.9%-83.3%0.200.011.2x25152%
MACD
fast=17, slow=43, signal=15
-0.5%-68.1%0.16-0.010.9x25652%
Buy and hold12.7%-93.8%0.490.1312.2x1100%
1x 10x 2006 2009 2012 2015 2018 2021 2024 SupertrendKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -23% -47% -70% -94% 2006 2009 2012 2015 2018 2021 2024 Buy and holdSupertrendKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -37.2% (2006-04-27 → 2009-04-16), recovered after 1,120 days.

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