Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. Class A. 2 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 10.7%, MDD -40.9%).

Data 1996-04-22 ~ 2026-07-31daily bars 7,529 (30.3 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 10.3%, drawdown -79.6%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 10.7%, MDD -40.9%, Sharpe 0.58, 12% exposure.

CAGR reference leader: Keltner 채널 돌파 — CAGR 11.1%, MDD -53.8%, exposure 15%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.4%p higher than buy and hold, while drawdown improves by 38.7%p (CAGR 10.7%, MDD -40.9%, exposure 12%).

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
볼린저 밴드 돌파
n=25, k=3.1
10.7%-40.9%0.580.2621.5x6612%
Keltner 채널 돌파
emaPeriod=32, atrPeriod=17, mult=3.2
11.1%-53.8%0.560.2123.9x6415%
ADX / DI 방향성
period=17, threshold=26
10.1%-50.8%0.480.2018.5x16224%
Donchian 채널 돌파
entryN=55, exitN=10
9.3%-58.8%0.470.1614.9x10821%
Supertrend
period=26, mult=4.9
10.2%-62.3%0.460.1619.2x8644%
EMA 크로스오버
fast=18, slow=83
8.1%-71.4%0.400.1110.6x11245%
SMA 크로스오버
fast=16, slow=122
8.0%-70.6%0.400.1110.3x8445%
ROC 모멘텀
n=25, threshold=0.11
6.1%-47.0%0.360.136.0x35620%
MACD
fast=19, slow=53, signal=18
6.3%-83.9%0.350.086.4x31250%
Parabolic SAR
step=0.015, maxStep=0.3
2.6%-81.6%0.240.032.2x48547%
Buy and hold10.3%-79.6%0.440.1319.3x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 Keltner 채널 돌파볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), Keltner 채널 돌파 (CAGR reference), Buy and hold.
0% -20% -40% -60% -80% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdKeltner 채널 돌파볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -40.9% (2015-11-25 → 2020-05-22), recovered after 2,672 days.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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