Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Yunnan Chihong Zinc & Germanium Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Yunnan Chihong Zinc & Germanium Co., Ltd. Class A. 6 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 12.9%, MDD -69.8%).

Data 2004-04-20 ~ 2026-07-31daily bars 5,443 (22.3 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 12.0%, drawdown -88.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 14.8%, MDD -82.6%, Sharpe 0.56, 44% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 15.1%, MDD -84.0%, exposure 50%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 2.8%p higher than buy and hold, while drawdown improves by 5.4%p (CAGR 12.9%, MDD -69.8%, exposure 30%).

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=104, exitN=73
14.8%-82.6%0.560.1821.8x2744%
SMA 크로스오버
fast=25, slow=136
15.1%-84.0%0.550.1823.0x4950%
ADX / DI 방향성
period=18, threshold=13
14.4%-80.7%0.540.1820.0x28850%
볼린저 밴드 돌파
n=59, k=2
12.9%-69.8%0.530.1814.8x7430%
EMA 크로스오버
fast=57, slow=68
13.8%-85.7%0.530.1617.7x4549%
Keltner 채널 돌파
emaPeriod=38, atrPeriod=7, mult=3.1
11.2%-60.8%0.510.1810.7x6020%
ROC 모멘텀
n=109, threshold=-0.03
13.0%-89.4%0.510.1515.3x20956%
Supertrend
period=19, mult=2.3
11.5%-67.2%0.480.1711.3x22245%
MACD
fast=10, slow=53, signal=9
6.6%-84.3%0.360.084.2x37450%
Parabolic SAR
step=0.02, maxStep=0.36
4.0%-84.8%0.280.052.4x42348%
Buy and hold12.0%-88.1%0.480.1412.6x1100%
1x 10x 2005 2008 2011 2014 2017 2020 2023 2026 SMA 크로스오버Donchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -22% -44% -66% -88% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdSMA 크로스오버Donchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -82.6% (2011-04-15 → 2025-08-27), prior peak not yet recovered.

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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