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Trend-Following Backtester · Guide · backtest 한국어

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Hwabao WP Listed Money Market Fund A Units backtest

10 trend-following strategies were compared on the full daily history of Hwabao WP Listed Money Market Fund A Units. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester.

Data 2014-08-29 ~ 2026-07-31daily bars 2,869 (11.9 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR -0.0%, drawdown -0.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 0.0%, MDD 0.0%, Sharpe 0.00, 0% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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
ROC 모멘텀
n=131, threshold=0.11
0.0%0.0%0.000.001.0x00%
ADX / DI 방향성
period=35, threshold=53
-0.1%-1.0%-0.41-0.081.0x23%
Keltner 채널 돌파
emaPeriod=20, atrPeriod=21, mult=4
-0.1%-1.1%-0.42-0.081.0x20%
볼린저 밴드 돌파
n=14, k=3.5
-0.1%-1.1%-0.42-0.081.0x20%
Donchian 채널 돌파
entryN=42, exitN=76
-0.3%-3.8%-0.70-0.081.0x794%
Supertrend
period=28, mult=5
-0.8%-9.6%-1.27-0.090.9x1987%
SMA 크로스오버
fast=73, slow=286
-2.0%-21.0%-2.05-0.090.8x4639%
Parabolic SAR
step=0.005, maxStep=0.2
-2.2%-23.0%-2.16-0.090.8x5051%
EMA 크로스오버
fast=57, slow=223
-3.1%-31.2%-2.58-0.100.7x7245%
MACD
fast=23, slow=57, signal=19
-10.6%-73.6%-5.06-0.140.3x25943%
Buy and hold-0.0%-0.8%-0.14-0.051.0x1100%
1x 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -1% -3% -4% -5% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown 0.0% (2014-08-29 → 2014-08-29), recovered after 3 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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 setupMore CN assetsAll asset reports

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