Trend-Following Backtester · Guide · backtest 한국어

equity · HK

GCL Technology Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of GCL Technology Holdings Limited. 10 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 13.1%, MDD -56.0%).

Data 2007-11-13 ~ 2026-07-31daily bars 4,612 (18.7 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -10.1%, drawdown -96.1%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 17.1%, MDD -69.6%, Sharpe 0.59, 27% exposure.

CAGR reference leader: Donchian 채널 돌파 — CAGR 18.8%, MDD -70.5%, exposure 44%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 27.2%p higher than buy and hold, while drawdown improves by 26.6%p (CAGR 13.1%, MDD -56.0%, exposure 9%).

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=46, atrPeriod=15, mult=1.8
17.1%-69.6%0.590.2519.2x8027%
Donchian 채널 돌파
entryN=40, exitN=36
18.8%-70.5%0.580.2725.1x4644%
볼린저 밴드 돌파
n=42, k=2.9
15.1%-72.7%0.570.2114.0x4017%
ADX / DI 방향성
period=35, threshold=25
13.1%-56.0%0.550.2310.1x189%
EMA 크로스오버
fast=14, slow=39
16.2%-77.1%0.550.2116.6x8038%
SMA 크로스오버
fast=10, slow=53
15.2%-81.9%0.540.1914.2x9440%
MACD
fast=8, slow=52, signal=10
12.7%-66.6%0.470.199.4x30353%
Parabolic SAR
step=0.02, maxStep=0.12
11.0%-75.4%0.450.157.0x30943%
Supertrend
period=27, mult=3.2
8.5%-75.8%0.400.114.6x9841%
ROC 모멘텀
n=19, threshold=0.01
8.2%-78.6%0.390.104.4x40640%
Buy and hold-10.1%-96.1%0.16-0.110.1x1100%
0.1 1x 10x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Donchian 채널 돌파 (CAGR reference), Buy and hold.
0% -24% -48% -72% -96% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -69.6% (2021-02-09 → 2024-11-18), 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

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