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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

GCL Energy Technology Co.,Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of GCL Energy Technology 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 7.3%, MDD -29.4%).

Data 2004-07-08 ~ 2026-07-31daily bars 5,386 (22.1 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 7.1%, drawdown -71.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 7.3%, MDD -29.4%, Sharpe 0.51, 10% exposure.

CAGR reference leader: EMA 크로스오버 — CAGR 8.5%, MDD -69.4%, exposure 49%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 0.2%p higher than buy and hold, while drawdown improves by 42.5%p (CAGR 7.3%, MDD -29.4%, exposure 10%).

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=24, mult=3.8
7.3%-29.4%0.510.254.7x2610%
EMA 크로스오버
fast=47, slow=186
8.5%-69.4%0.410.126.1x2949%
볼린저 밴드 돌파
n=17, k=3.5
2.9%-19.6%0.400.151.9x66%
Donchian 채널 돌파
entryN=72, exitN=75
7.6%-73.3%0.390.105.0x3049%
ROC 모멘텀
n=113, threshold=0.12
7.1%-57.1%0.380.124.5x12932%
MACD
fast=19, slow=42, signal=15
7.2%-63.7%0.380.114.6x22247%
SMA 크로스오버
fast=29, slow=241
7.2%-77.7%0.380.094.6x3549%
Supertrend
period=31, mult=2.4
5.3%-70.5%0.330.083.1x20249%
Parabolic SAR
step=0.01, maxStep=0.1
4.8%-78.3%0.310.062.8x24544%
ADX / DI 방향성
period=11, threshold=36
1.2%-62.9%0.170.021.3x9416%
Buy and hold7.1%-71.8%0.380.104.5x1100%
1x 2005 2008 2011 2014 2017 2020 2023 2026 EMA 크로스오버Keltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), EMA 크로스오버 (CAGR reference), Buy and hold.
0% -18% -36% -54% -72% 2005 2008 2011 2014 2017 2020 2023 2026 Buy and holdEMA 크로스오버Keltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -29.4% (2016-03-04 → 2025-06-11), recovered after 3,393 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.
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