Trend-Following Backtester · Guide · backtest 한국어

equity · TH

WHA Corporation Public Company Limited backtest

10 trend-following strategies were compared on the full daily history of WHA Corporation Public Company Limited. 1 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Supertrend (CAGR 12.8%, MDD -28.5%).

Data 2012-11-08 ~ 2026-07-31daily bars 3,342 (13.7 years)Costs 0.5%Venue SETMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 13.3%, drawdown -59.0%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 15.5%, MDD -47.2%, Sharpe 0.64, 84% exposure.

Return/drawdown alternative: Supertrend — CAGR is 2.2%p higher than buy and hold, while drawdown improves by 11.8%p (CAGR 12.8%, MDD -28.5%, exposure 55%).

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=13, exitN=73
15.5%-47.2%0.640.337.2x3184%
Keltner 채널 돌파
emaPeriod=19, atrPeriod=17, mult=4
5.6%-12.2%0.630.462.1x64%
Supertrend
period=8, mult=3.8
12.8%-28.5%0.610.455.2x5455%
Parabolic SAR
step=0.005, maxStep=0.26
10.8%-49.6%0.540.224.1x9251%
ROC 모멘텀
n=10, threshold=-0.09
9.9%-57.7%0.460.173.6x10294%
EMA 크로스오버
fast=20, slow=29
8.5%-42.1%0.460.203.1x7958%
SMA 크로스오버
fast=8, slow=21
6.8%-69.3%0.390.102.5x18655%
볼린저 밴드 돌파
n=22, k=1.5
5.0%-66.5%0.340.082.0x15638%
ADX / DI 방향성
period=10, threshold=16
2.9%-71.6%0.240.041.5x28850%
MACD
fast=12, slow=54, signal=22
0.2%-60.9%0.120.001.0x14849%
Buy and hold13.3%-59.0%0.530.235.6x1100%
1x 2013 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -15% -29% -44% -59% 2013 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -47.2% (2015-05-04 → 2017-08-11), recovered after 2,796 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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