Trend-Following Backtester · Guide · backtest 한국어

equity · CN

China Resources Microelectronics Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of China Resources Microelectronics Ltd. Class A. 4 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 4.3%, MDD -31.2%).

Data 2020-02-27 ~ 2026-07-31daily bars 1,560 (6.4 years)Costs 0.5%Venue SSEMonthly snapshot 2026-07-31

Results by strategy

4 of 10 beat buy and hold (CAGR 4.0%, drawdown -66.0%).

Sharpe leader (same as main): Supertrend — CAGR 7.8%, MDD -47.9%, Sharpe 0.39, 40% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 3.8%p higher than buy and hold, while drawdown improves by 18.1%p (CAGR 4.3%, MDD -31.2%, exposure 15%).

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
Supertrend
period=27, mult=4.9
7.8%-47.9%0.390.161.6x1840%
SMA 크로스오버
fast=39, slow=73
5.6%-62.6%0.340.091.4x2548%
MACD
fast=11, slow=26, signal=9
4.7%-60.8%0.310.081.3x10450%
Keltner 채널 돌파
emaPeriod=20, atrPeriod=29, mult=2.3
4.3%-31.2%0.290.141.3x2415%
ADX / DI 방향성
period=13, threshold=27
3.2%-43.2%0.260.081.2x4222%
ROC 모멘텀
n=6, threshold=0.12
3.1%-28.7%0.250.111.2x626%
Donchian 채널 돌파
entryN=11, exitN=45
1.2%-55.8%0.240.021.1x3075%
EMA 크로스오버
fast=53, slow=158
0.9%-49.9%0.200.021.1x749%
Parabolic SAR
step=0.03, maxStep=0.12
-1.1%-74.8%0.14-0.020.9x14846%
볼린저 밴드 돌파
n=51, k=2.2
-0.9%-46.7%0.12-0.020.9x2221%
Buy and hold4.0%-66.0%0.320.061.3x1100%
1x 2021 2022 2023 2024 2025 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -33% -50% -66% 2021 2022 2023 2024 2025 2026 Buy and holdSupertrend
Supertrend maximum drawdown -47.9% (2020-07-14 → 2022-11-10), recovered after 2,170 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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