Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Caihong Display Devices Co.,Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Caihong Display Devices Co.,Ltd. Class A. 9 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.8%, MDD -59.4%).

Data 1996-05-20 ~ 2026-07-31daily bars 7,509 (30.2 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 1.9%, drawdown -88.7%).

Sharpe leader (same as main): Supertrend — CAGR 8.9%, MDD -67.9%, Sharpe 0.42, 49% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 7.0%p higher than buy and hold, while drawdown improves by 20.7%p (CAGR 5.8%, MDD -59.4%, exposure 25%).

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=8, mult=3.2
8.9%-67.9%0.420.1313.0x16449%
SMA 크로스오버
fast=70, slow=224
8.8%-80.2%0.420.1112.7x3547%
Parabolic SAR
step=0.01, maxStep=0.12
7.0%-76.9%0.370.097.7x37049%
볼린저 밴드 돌파
n=47, k=1.4
5.9%-62.5%0.340.095.7x16033%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=24, mult=2.7
5.8%-59.4%0.340.105.4x9625%
EMA 크로스오버
fast=58, slow=150
5.8%-81.8%0.340.075.5x4345%
Donchian 채널 돌파
entryN=108, exitN=18
4.0%-64.1%0.280.063.3x6620%
ADX / DI 방향성
period=21, threshold=13
3.4%-83.9%0.280.042.8x38045%
ROC 모멘텀
n=89, threshold=0.1
2.6%-83.9%0.250.032.2x24734%
MACD
fast=18, slow=31, signal=7
-0.2%-77.1%0.18-0.000.9x50251%
Buy and hold1.9%-88.7%0.290.021.8x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -67% -89% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -67.9% (2016-07-26 → 2020-05-22), recovered after 3,625 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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