Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Fortune Electric Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Fortune Electric Co., Ltd.. 1 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 15.8%, MDD -35.0%).

Data 2000-01-04 ~ 2026-07-31daily bars 6,608 (26.6 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 16.6%, drawdown -75.4%).

Sharpe leader (same as main): Supertrend — CAGR 18.6%, MDD -57.4%, Sharpe 0.72, 47% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 2.0%p higher than buy and hold, while drawdown improves by 18.0%p (CAGR 15.8%, MDD -35.0%, exposure 28%).

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
Supertrend
period=24, mult=4.3
18.6%-57.4%0.720.3292.7x9247%
Keltner 채널 돌파
emaPeriod=43, atrPeriod=13, mult=3
15.8%-35.0%0.720.4549.5x8628%
볼린저 밴드 돌파
n=33, k=2.6
14.2%-36.4%0.660.3933.8x12028%
EMA 크로스오버
fast=15, slow=27
15.8%-61.8%0.630.2649.4x17651%
Donchian 채널 돌파
entryN=31, exitN=18
14.7%-49.9%0.630.3038.5x12642%
SMA 크로스오버
fast=44, slow=196
15.3%-65.4%0.610.2343.9x4853%
MACD
fast=23, slow=55, signal=17
13.4%-56.4%0.580.2428.3x24252%
ADX / DI 방향성
period=39, threshold=19
11.5%-57.9%0.570.2018.2x6827%
ROC 모멘텀
n=97, threshold=0.03
11.7%-77.2%0.520.1519.1x26047%
Parabolic SAR
step=0.015, maxStep=0.12
9.5%-63.8%0.460.1511.1x39651%
Buy and hold16.6%-75.4%0.590.2258.9x1100%
1x 10x 100x 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -57% -75% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -57.4% (2020-12-08 → 2022-08-04), recovered after 875 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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