Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Chengtun Mining Group Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Chengtun Mining Group Co., Ltd. Class A. 9 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 9.1%, MDD -57.8%).

Data 1996-05-31 ~ 2026-07-31daily bars 7,500 (30.2 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 6.1%, drawdown -88.4%).

Sharpe leader (same as main): MACD — CAGR 15.2%, MDD -63.6%, Sharpe 0.58, 51% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 9.1%p higher than buy and hold, while drawdown improves by 24.9%p (CAGR 9.1%, MDD -57.8%, exposure 29%).

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
MACD
fast=7, slow=75, signal=15
15.2%-63.6%0.580.2472.0x42551%
Donchian 채널 돌파
entryN=39, exitN=97
12.8%-79.5%0.500.1637.9x4668%
SMA 크로스오버
fast=34, slow=149
11.2%-66.8%0.480.1724.8x6850%
Keltner 채널 돌파
emaPeriod=42, atrPeriod=9, mult=3.3
8.8%-60.1%0.470.1512.8x8020%
Supertrend
period=23, mult=2.7
10.2%-79.2%0.460.1318.6x24549%
볼린저 밴드 돌파
n=21, k=2.2
9.1%-57.8%0.450.1613.8x23229%
Parabolic SAR
step=0.01, maxStep=0.38
8.4%-65.0%0.410.1311.5x35650%
ROC 모멘텀
n=100, threshold=-0.07
7.5%-80.3%0.380.098.8x26460%
EMA 크로스오버
fast=39, slow=148
7.3%-74.9%0.380.108.4x4646%
ADX / DI 방향성
period=23, threshold=8
5.7%-88.5%0.340.065.4x41656%
Buy and hold6.1%-88.4%0.370.076.0x1100%
1x 10x 100x 1997 2001 2005 2009 2013 2017 2021 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdMACD
MACD maximum drawdown -63.6% (2001-05-21 → 2005-05-23), recovered after 2,250 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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