Trend-Following Backtester · Guide · backtest 한국어

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Zangge Mining Company Limited Class A backtest

10 trend-following strategies were compared on the full daily history of Zangge Mining Company Limited Class A. 2 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 14.1%, MDD -41.0%).

Data 1996-06-28 ~ 2026-07-31daily bars 7,480 (30.1 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 14.1%, drawdown -89.9%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 14.1%, MDD -41.0%, Sharpe 0.69, 19% exposure.

CAGR reference leader: MACD — CAGR 15.4%, MDD -82.0%, exposure 51%.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 0.0%p lower than buy and hold, while drawdown improves by 48.9%p (CAGR 14.1%, MDD -41.0%, exposure 19%).

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=44, k=2.9
14.1%-41.0%0.690.3452.6x5619%
Donchian 채널 돌파
entryN=38, exitN=4
12.8%-55.4%0.660.2337.1x17420%
MACD
fast=21, slow=23, signal=22
15.4%-82.0%0.610.1974.3x32351%
Keltner 채널 돌파
emaPeriod=25, atrPeriod=21, mult=2.3
12.0%-63.8%0.610.1930.5x12019%
Supertrend
period=23, mult=2.1
14.8%-70.6%0.590.2163.0x31752%
ADX / DI 방향성
period=39, threshold=27
7.7%-51.7%0.570.159.4x227%
EMA 크로스오버
fast=28, slow=71
12.5%-83.7%0.530.1534.8x8450%
Parabolic SAR
step=0.005, maxStep=0.14
12.1%-80.3%0.520.1531.2x21949%
ROC 모멘텀
n=144, threshold=0.08
11.2%-75.5%0.500.1524.5x21042%
SMA 크로스오버
fast=24, slow=129
11.1%-84.7%0.490.1324.0x7649%
Buy and hold14.1%-89.9%0.520.1652.9x1100%
1x 10x 1997 2001 2005 2009 2013 2017 2021 2025 MACD볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -22% -45% -67% -90% 1997 2001 2005 2009 2013 2017 2021 2025 Buy and holdMACD볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -41.0% (2015-06-18 → 2015-11-18), recovered after 2,150 days.

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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