Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Weichai Power Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Weichai Power Co., Ltd. Class A. 6 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 16.4%, MDD -40.0%).

Data 2007-04-30 ~ 2026-07-31daily bars 4,681 (19.3 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 10.3%, drawdown -79.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 16.4%, MDD -40.0%, Sharpe 0.71, 46% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 6.2%p higher than buy and hold, while drawdown improves by 39.2%p (CAGR 16.4%, MDD -40.0%, exposure 46%).

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=109, exitN=62
16.4%-40.0%0.710.4118.8x1846%
Supertrend
period=15, mult=2.7
14.6%-54.6%0.630.2713.8x13649%
EMA 크로스오버
fast=21, slow=178
15.1%-50.0%0.630.3015.0x2756%
SMA 크로스오버
fast=46, slow=171
14.3%-44.2%0.610.3213.0x2554%
ROC 모멘텀
n=117, threshold=0.02
11.9%-45.6%0.540.268.7x10354%
Keltner 채널 돌파
emaPeriod=94, atrPeriod=26, mult=1.9
11.0%-55.7%0.530.207.4x7644%
Parabolic SAR
step=0.01, maxStep=0.24
10.0%-54.1%0.480.186.2x22751%
ADX / DI 방향성
period=59, threshold=7
10.2%-63.7%0.480.166.5x14057%
볼린저 밴드 돌파
n=37, k=1.9
7.5%-47.0%0.420.164.0x11435%
MACD
fast=13, slow=24, signal=14
6.2%-57.6%0.360.113.2x28152%
Buy and hold10.3%-79.2%0.450.136.6x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -40% -59% -79% 2008 2011 2014 2017 2020 2023 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -40.0% (2010-11-29 → 2014-10-27), recovered after 1,582 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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