Trend-Following Backtester · Guide · backtest 한국어

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CSOP Hang Seng TECH Index Daily (-2x) Inverse Product backtest

10 trend-following strategies were compared on the full daily history of CSOP Hang Seng TECH Index Daily (-2x) Inverse Product. 10 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR -4.7%, MDD -57.1%).

Data 2020-12-10 ~ 2026-07-31daily bars 1,383 (5.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -24.9%, drawdown -95.5%).

Sharpe leader (same as main): MACD — CAGR 4.1%, MDD -65.4%, Sharpe 0.37, 54% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 29.0%p higher than buy and hold, while drawdown improves by 30.1%p (CAGR -4.7%, 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
MACD
fast=14, slow=55, signal=15
4.1%-65.4%0.370.061.3x6454%
Donchian 채널 돌파
entryN=16, exitN=24
-3.8%-73.4%0.27-0.050.8x2760%
볼린저 밴드 돌파
n=19, k=1.2
-2.5%-64.7%0.23-0.040.9x8037%
SMA 크로스오버
fast=10, slow=166
-3.6%-74.0%0.21-0.050.8x1134%
EMA 크로스오버
fast=21, slow=121
-4.6%-78.9%0.20-0.060.8x1136%
Supertrend
period=9, mult=3.4
-5.9%-72.5%0.17-0.080.7x3444%
ADX / DI 방향성
period=14, threshold=7
-10.0%-82.5%0.14-0.120.6x13051%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=14, mult=3.3
-4.7%-57.1%0.11-0.080.8x1413%
ROC 모멘텀
n=98, threshold=0.04
-10.6%-86.9%0.09-0.120.5x4437%
Parabolic SAR
step=0.025, maxStep=0.28
-18.2%-83.5%-0.06-0.220.3x13045%
Buy and hold-24.9%-95.5%0.04-0.260.2x1100%
1x 2021 2022 2023 2024 2025 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -24% -48% -72% -96% 2021 2022 2023 2024 2025 2026 Buy and holdMACD
MACD maximum drawdown -65.4% (2022-03-15 → 2022-07-26), recovered after 673 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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