Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Shaanxi Coal Industry Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Shaanxi Coal Industry Co., Ltd. Class A. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 11.6%, MDD -50.6%).

Data 2014-01-28 ~ 2026-07-31daily bars 3,038 (12.5 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 14.5%, drawdown -69.5%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 11.6%, MDD -50.6%, Sharpe 0.50, 80% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.9%p lower than buy and hold, while drawdown improves by 18.9%p (CAGR 11.6%, MDD -50.6%, exposure 80%).

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
Donchian 채널 돌파
entryN=12, exitN=53
11.6%-50.6%0.500.234.0x3780%
SMA 크로스오버
fast=47, slow=176
11.1%-55.5%0.500.203.7x1757%
Supertrend
period=9, mult=4.7
9.3%-41.9%0.440.223.0x3365%
ADX / DI 방향성
period=37, threshold=8
8.1%-48.1%0.410.172.6x12563%
EMA 크로스오버
fast=72, slow=145
8.2%-62.4%0.410.132.7x2365%
MACD
fast=13, slow=43, signal=12
7.1%-42.2%0.390.172.4x16951%
ROC 모멘텀
n=117, threshold=0.06
4.3%-63.2%0.300.071.7x11749%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=25, mult=2.1
2.6%-49.5%0.230.051.4x7031%
볼린저 밴드 돌파
n=17, k=1
1.1%-54.1%0.180.021.1x20343%
Parabolic SAR
step=0.025, maxStep=0.06
-1.5%-54.5%0.10-0.030.8x19749%
Buy and hold14.5%-69.5%0.550.215.4x1100%
1x 2015 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -35% -52% -70% 2015 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -50.6% (2015-05-27 → 2016-02-25), recovered after 771 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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