Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Huatai Securities Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Huatai Securities Co., Ltd. Class A. 10 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 6.3%, MDD -23.9%).

Data 2010-02-26 ~ 2026-07-31daily bars 3,990 (16.4 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -0.5%, drawdown -68.3%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 6.3%, MDD -23.9%, Sharpe 0.50, 7% exposure.

CAGR reference leader: MACD — CAGR 9.0%, MDD -45.4%, exposure 51%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 6.8%p higher than buy and hold, while drawdown improves by 44.4%p (CAGR 6.3%, MDD -23.9%, exposure 7%).

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=16, atrPeriod=17, mult=3.1
6.3%-23.9%0.500.262.7x287%
MACD
fast=7, slow=52, signal=16
9.0%-45.4%0.470.204.1x23851%
ADX / DI 방향성
period=35, threshold=36
3.6%-24.8%0.400.151.8x22%
볼린저 밴드 돌파
n=30, k=3.3
5.2%-39.7%0.400.132.3x2810%
Donchian 채널 돌파
entryN=77, exitN=47
5.6%-46.6%0.350.122.4x2433%
Parabolic SAR
step=0.01, maxStep=0.36
4.3%-47.0%0.300.092.0x19446%
Supertrend
period=6, mult=1.5
3.6%-52.4%0.270.071.8x24845%
ROC 모멘텀
n=102, threshold=0.14
2.9%-51.1%0.240.061.6x11823%
SMA 크로스오버
fast=76, slow=142
0.2%-59.6%0.140.001.0x3041%
EMA 크로스오버
fast=10, slow=58
0.1%-64.9%0.140.001.0x9343%
Buy and hold-0.5%-68.3%0.18-0.010.9x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 MACDKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -17% -34% -51% -68% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdMACDKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -23.9% (2010-10-26 → 2014-07-30), recovered after 1,492 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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