Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Lingbao Gold Group Company Limited Class H backtest

10 trend-following strategies were compared on the full daily history of Lingbao Gold Group Company Limited Class H. 6 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 9.4%, MDD -57.1%).

Data 2006-01-12 ~ 2026-07-31daily bars 5,065 (20.5 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 7.4%, drawdown -92.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.1%, MDD -62.4%, Sharpe 0.47, 32% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 11.5%, MDD -72.5%, exposure 53%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 3.7%p higher than buy and hold, while drawdown improves by 30.2%p (CAGR 9.4%, MDD -57.1%, exposure 13%).

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
볼린저 밴드 돌파
n=35, k=1.6
11.1%-62.4%0.470.188.7x13132%
SMA 크로스오버
fast=62, slow=102
11.0%-69.3%0.470.168.5x5245%
Donchian 채널 돌파
entryN=15, exitN=22
11.5%-72.5%0.470.169.3x10753%
Keltner 채널 돌파
emaPeriod=28, atrPeriod=21, mult=3.4
9.4%-57.1%0.460.166.4x5013%
Supertrend
period=12, mult=4.3
8.7%-80.2%0.410.115.6x6948%
EMA 크로스오버
fast=28, slow=76
7.9%-79.6%0.390.104.8x5644%
ADX / DI 방향성
period=24, threshold=17
7.2%-80.8%0.370.094.2x12429%
MACD
fast=13, slow=24, signal=17
6.9%-75.9%0.370.093.9x28550%
ROC 모멘텀
n=85, threshold=0.13
5.7%-81.6%0.330.073.1x15428%
Parabolic SAR
step=0.015, maxStep=0.2
3.7%-78.7%0.290.052.1x29945%
Buy and hold7.4%-92.6%0.400.084.3x1100%
1x 10x 2007 2010 2013 2016 2019 2022 2025 Donchian 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -23% -46% -69% -93% 2007 2010 2013 2016 2019 2022 2025 Buy and holdDonchian 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -62.4% (2015-05-27 → 2022-11-09), recovered after 3,228 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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