Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Shanghai Pudong Development Bank Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Shanghai Pudong Development Bank Co., Ltd. Class A. 9 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 5.3%, MDD -31.3%).

Data 1999-11-10 ~ 2026-07-31daily bars 6,602 (26.7 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 4.1%, drawdown -76.8%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 8.8%, MDD -38.2%, Sharpe 0.55, 22% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 4.7%p higher than buy and hold, while drawdown improves by 38.6%p (CAGR 5.3%, MDD -31.3%, exposure 12%).

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=117, threshold=0.16
8.8%-38.2%0.550.239.5x11022%
Donchian 채널 돌파
entryN=55, exitN=14
8.4%-49.1%0.530.178.5x8424%
볼린저 밴드 돌파
n=58, k=2.5
7.5%-51.0%0.490.157.0x6825%
SMA 크로스오버
fast=35, slow=89
8.5%-50.3%0.490.178.9x8245%
Keltner 채널 돌파
emaPeriod=55, atrPeriod=26, mult=2.5
7.2%-52.3%0.460.146.3x9028%
ADX / DI 방향성
period=39, threshold=22
5.3%-31.3%0.440.174.0x3012%
Supertrend
period=20, mult=5
7.4%-53.4%0.440.146.8x6548%
EMA 크로스오버
fast=19, slow=78
7.0%-70.8%0.410.106.2x8846%
MACD
fast=22, slow=57, signal=21
5.6%-53.1%0.360.104.2x20950%
Parabolic SAR
step=0.005, maxStep=0.38
-2.1%-73.2%0.02-0.030.6x21749%
Buy and hold4.1%-76.8%0.290.052.9x1100%
1x 10x 2000 2004 2008 2012 2016 2020 2024 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -38% -58% -77% 2000 2004 2008 2012 2016 2020 2024 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -38.2% (2003-05-27 → 2005-09-06), recovered after 1,238 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 setupAll asset reports

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