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Trend-Following Backtester · Guide · backtest 한국어

etf · CN

Guotai CSI National Defense Industry Index ETF backtest

10 trend-following strategies were compared on the full daily history of Guotai CSI National Defense Industry Index ETF. 6 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 4.3%, MDD -12.0%).

Data 2016-07-26 ~ 2026-07-31daily bars 2,423 (10.0 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 0.8%, drawdown -50.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 4.3%, MDD -12.0%, Sharpe 0.45, 5% exposure.

CAGR reference leader: MACD — CAGR 4.7%, MDD -33.5%, exposure 50%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 3.4%p higher than buy and hold, while drawdown improves by 38.9%p (CAGR 4.3%, MDD -12.0%, exposure 5%).

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
볼린저 밴드 돌파
n=17, k=3.1
4.3%-12.0%0.450.361.5x85%
MACD
fast=17, slow=46, signal=18
4.7%-33.5%0.330.141.6x9450%
SMA 크로스오버
fast=26, slow=204
4.0%-37.0%0.300.111.5x1043%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=21, mult=4
2.7%-16.6%0.290.161.3x105%
EMA 크로스오버
fast=22, slow=188
3.5%-33.1%0.270.111.4x1444%
ADX / DI 방향성
period=15, threshold=34
1.3%-18.3%0.180.071.1x147%
Parabolic SAR
step=0.01, maxStep=0.16
-0.2%-42.8%0.10-0.011.0x13249%
ROC 모멘텀
n=128, threshold=0.06
-0.2%-44.2%0.09-0.001.0x5437%
Supertrend
period=15, mult=3.2
-0.8%-44.6%0.07-0.020.9x6848%
Donchian 채널 돌파
entryN=17, exitN=78
-4.5%-52.1%-0.05-0.090.6x3277%
Buy and hold0.8%-50.9%0.180.021.1x1100%
1x 2017 2019 2021 2023 2025 MACD볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -13% -25% -38% -51% 2017 2019 2021 2023 2025 Buy and holdMACD볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -12.0% (2024-10-08 → 2024-10-11), recovered after 28 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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.
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