Trend-Following Backtester · Guide · backtest 한국어

equity · CN

AVIC Shenyang Aircraft Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of AVIC Shenyang Aircraft Co., Ltd. Class A. 4 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 8.8%, MDD -50.4%).

Data 1996-10-11 ~ 2026-07-31daily bars 7,405 (29.8 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 9.4%, drawdown -92.1%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 7.7%, MDD -34.8%, Sharpe 0.66, 3% exposure.

CAGR reference leader: Supertrend — CAGR 11.7%, MDD -72.8%, exposure 50%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 1.7%p lower than buy and hold, while drawdown improves by 57.3%p (CAGR 8.8%, MDD -50.4%, exposure 10%).

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
Keltner 채널 돌파
emaPeriod=14, atrPeriod=29, mult=4
7.7%-34.8%0.660.229.0x223%
볼린저 밴드 돌파
n=49, k=3.4
8.8%-50.4%0.560.1812.5x3210%
Supertrend
period=11, mult=2.4
11.7%-72.8%0.500.1627.1x26550%
EMA 크로스오버
fast=77, slow=93
11.6%-66.7%0.490.1726.4x4450%
MACD
fast=7, slow=40, signal=65
10.6%-62.0%0.470.1720.3x29950%
SMA 크로스오버
fast=14, slow=201
10.0%-59.1%0.450.1717.1x6449%
ADX / DI 방향성
period=23, threshold=35
5.3%-44.0%0.430.124.7x366%
Donchian 채널 돌파
entryN=67, exitN=7
6.2%-54.8%0.390.116.1x11815%
ROC 모멘텀
n=143, threshold=0.05
7.3%-71.0%0.380.108.1x22844%
Parabolic SAR
step=0.015, maxStep=0.16
4.4%-72.0%0.300.063.6x47750%
Buy and hold9.4%-92.1%0.430.1014.4x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 SupertrendKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -23% -46% -69% -92% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrendKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -34.8% (2007-05-29 → 2014-03-11), recovered after 3,494 days.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

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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