Trend-Following Backtester · Guide · backtest 한국어

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AECC Aviation Power Co Ltd Class A backtest

10 trend-following strategies were compared on the full daily history of AECC Aviation Power Co Ltd Class A. 3 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is MACD (CAGR 12.8%, MDD -51.8%).

Data 1996-04-08 ~ 2026-07-31daily bars 7,539 (30.3 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 8.3%, drawdown -81.3%).

Sharpe leader (same as main): MACD — CAGR 12.8%, MDD -51.8%, Sharpe 0.54, 47% exposure.

Return/drawdown alternative: MACD — CAGR is 4.5%p higher than buy and hold, while drawdown improves by 29.5%p (CAGR 12.8%, MDD -51.8%, exposure 47%).

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=12, slow=36, signal=16
12.8%-51.8%0.540.2538.6x35947%
Supertrend
period=4, mult=2.2
10.0%-63.7%0.460.1617.9x26455%
Parabolic SAR
step=0.01, maxStep=0.12
9.5%-64.4%0.450.1515.6x35050%
Donchian 채널 돌파
entryN=11, exitN=61
7.6%-79.4%0.390.109.2x9281%
볼린저 밴드 돌파
n=24, k=1.2
6.7%-57.7%0.370.127.1x31441%
SMA 크로스오버
fast=73, slow=216
5.4%-64.5%0.330.084.9x4250%
EMA 크로스오버
fast=53, slow=204
4.2%-70.5%0.290.063.5x3652%
ROC 모멘텀
n=149, threshold=0.09
4.2%-75.3%0.290.063.5x22439%
Keltner 채널 돌파
emaPeriod=33, atrPeriod=12, mult=1.9
3.1%-65.9%0.250.052.5x15431%
ADX / DI 방향성
period=27, threshold=36
1.6%-39.9%0.210.041.6x127%
Buy and hold8.3%-81.3%0.410.1011.3x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -41% -61% -81% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdMACD
MACD maximum drawdown -51.8% (1996-12-11 → 1999-02-16), recovered after 2,142 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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