Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Postal Savings Bank of China Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Postal Savings Bank of China Co., Ltd. Class A. 6 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 1.1%, MDD -6.2%).

Data 2019-12-10 ~ 2026-07-31daily bars 1,610 (6.6 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR -1.3%, drawdown -38.1%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 1.1%, MDD -6.2%, Sharpe 0.24, 2% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 2.5%, MDD -29.9%, exposure 51%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 2.4%p higher than buy and hold, while drawdown improves by 31.9%p (CAGR 1.1%, MDD -6.2%, exposure 2%).

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=19, k=3.5
1.1%-6.2%0.240.181.1x22%
SMA 크로스오버
fast=44, slow=191
2.5%-29.9%0.230.081.2x1051%
ADX / DI 방향성
period=27, threshold=33
0.9%-9.6%0.200.101.1x23%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=14, mult=2.7
0.6%-11.9%0.120.051.0x84%
ROC 모멘텀
n=105, threshold=-0.07
-0.5%-31.8%0.07-0.021.0x3765%
Donchian 채널 돌파
entryN=35, exitN=39
-0.7%-30.6%0.04-0.021.0x1747%
Supertrend
period=14, mult=5
-1.7%-27.9%-0.01-0.060.9x1652%
EMA 크로스오버
fast=52, slow=148
-2.4%-31.8%-0.05-0.080.8x1051%
MACD
fast=8, slow=25, signal=9
-6.4%-45.5%-0.28-0.140.6x13751%
Parabolic SAR
step=0.015, maxStep=0.14
-6.9%-45.8%-0.33-0.150.6x11147%
Buy and hold-1.3%-38.1%0.06-0.030.9x1100%
1x 2020 2021 2022 2023 2024 2025 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -10% -19% -29% -38% 2020 2021 2022 2023 2024 2025 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -6.2% (2021-02-09 → 2021-03-03), prior peak not yet recovered.

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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