Trend-Following Backtester · Guide · backtest 한국어

equity · HK

AviChina Industry & Technology Co. Ltd. Class H backtest

10 trend-following strategies were compared on the full daily history of AviChina Industry & Technology Co. Ltd. Class H. 4 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester.

Data 2003-10-30 ~ 2026-07-31daily bars 5,626 (22.8 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 3.2%, drawdown -81.9%).

Sharpe leader (same as main): Supertrend — CAGR 5.6%, MDD -65.9%, Sharpe 0.33, 46% 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
Supertrend
period=14, mult=4.3
5.6%-65.9%0.330.083.5x6846%
Donchian 채널 돌파
entryN=42, exitN=54
4.8%-81.2%0.310.062.9x5053%
SMA 크로스오버
fast=34, slow=214
4.1%-73.5%0.300.062.5x3451%
ADX / DI 방향성
period=34, threshold=13
3.7%-75.4%0.280.052.3x13237%
MACD
fast=16, slow=40, signal=19
2.9%-76.7%0.260.041.9x25551%
EMA 크로스오버
fast=59, slow=148
2.4%-80.7%0.260.031.7x3650%
ROC 모멘텀
n=121, threshold=-0.06
1.0%-81.2%0.220.011.2x15057%
볼린저 밴드 돌파
n=41, k=0.9
1.8%-80.3%0.220.021.5x19038%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=34, mult=1.7
1.8%-62.9%0.210.031.5x12032%
Parabolic SAR
step=0.045, maxStep=0.08
-0.7%-82.3%0.16-0.010.8x47748%
Buy and hold3.2%-81.9%0.320.042.0x1100%
1x 10x 2004 2007 2010 2013 2016 2019 2022 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -41% -61% -82% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdSupertrend
Supertrend maximum drawdown -65.9% (2015-05-26 → 2026-03-16), prior peak not yet recovered.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above 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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