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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Hangzhou Cable Co Ltd Class A backtest

10 trend-following strategies were compared on the full daily history of Hangzhou Cable Co Ltd Class A. 6 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 17.5%, MDD -39.6%).

Data 2015-02-17 ~ 2026-07-31daily bars 2,780 (11.4 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 12.8%, drawdown -78.5%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 17.5%, MDD -39.6%, Sharpe 0.70, 17% exposure.

CAGR reference leader: Supertrend — CAGR 20.0%, MDD -84.9%, exposure 49%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 4.7%p higher than buy and hold, while drawdown improves by 38.9%p (CAGR 17.5%, MDD -39.6%, exposure 17%).

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=27, atrPeriod=11, mult=2.5
17.5%-39.6%0.700.446.3x3417%
Supertrend
period=13, mult=2.4
20.0%-84.9%0.670.248.1x10249%
Donchian 채널 돌파
entryN=22, exitN=12
18.4%-85.4%0.650.226.9x6839%
Parabolic SAR
step=0.025, maxStep=0.12
17.3%-75.6%0.620.236.2x23450%
MACD
fast=7, slow=41, signal=9
16.1%-70.8%0.590.235.5x23452%
볼린저 밴드 돌파
n=44, k=3.5
11.8%-37.5%0.580.313.6x1211%
SMA 크로스오버
fast=6, slow=27
14.9%-81.3%0.550.184.9x13251%
ROC 모멘텀
n=17, threshold=0
9.8%-89.1%0.440.112.9x28853%
ADX / DI 방향성
period=13, threshold=23
8.3%-86.3%0.400.102.5x12835%
EMA 크로스오버
fast=16, slow=108
7.9%-67.0%0.390.122.4x3646%
Buy and hold12.8%-78.5%0.500.164.0x1100%
1x 10x 2016 2018 2020 2022 2024 2026 SupertrendKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -21% -42% -64% -85% 2016 2018 2020 2022 2024 2026 Buy and holdSupertrendKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -39.6% (2016-04-06 → 2023-05-23), recovered after 3,263 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 setupMore CN assetsAll asset reports

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