Trend-Following Backtester · Guide · backtest 한국어

etf · HK

iShares NASDAQ 100 ETF HKD Counter backtest

10 trend-following strategies were compared on the full daily history of iShares NASDAQ 100 ETF HKD Counter. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2016-06-22 ~ 2026-07-31daily bars 2,487 (10.1 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 47.8%, drawdown -35.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 16.5%, MDD -20.7%, Sharpe 1.07, 74% exposure.

CAGR reference leader: MACD — CAGR 28.2%, MDD -29.0%, exposure 51%.

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=87, exitN=65
16.5%-20.7%1.070.804.7x1374%
EMA 크로스오버
fast=39, slow=135
18.1%-30.7%1.050.595.4x980%
SMA 크로스오버
fast=16, slow=211
16.6%-27.1%1.020.614.7x1177%
ROC 모멘텀
n=145, threshold=0.03
16.1%-23.9%1.000.674.5x3178%
Supertrend
period=14, mult=5
12.6%-19.0%0.980.663.3x5465%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=8, mult=1.8
9.4%-18.2%0.810.522.5x9457%
Parabolic SAR
step=0.005, maxStep=0.32
7.6%-27.1%0.600.282.1x8266%
볼린저 밴드 돌파
n=35, k=1.7
5.9%-25.5%0.570.231.8x7050%
ADX / DI 방향성
period=37, threshold=36
1.5%-11.1%0.490.141.2x24%
MACD
fast=14, slow=59, signal=15
28.2%-29.0%0.330.9712.3x12651%
Buy and hold47.8%-35.0%0.381.3751.9x1100%
1x 10x 2017 2019 2021 2023 2025 MACDDonchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -9% -18% -26% -35% 2017 2019 2021 2023 2025 Buy and holdMACDDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -20.7% (2020-02-20 → 2020-06-15), recovered after 189 days.

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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