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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

TCL Zhonghuan Renewable Energy Technology Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of TCL Zhonghuan Renewable Energy Technology Co., Ltd. Class A. 10 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 6.9%, MDD -34.9%).

Data 2007-04-20 ~ 2026-07-31daily bars 4,687 (19.3 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 5.1%, drawdown -85.3%).

Sharpe leader (same as main): Supertrend — CAGR 16.0%, MDD -67.1%, Sharpe 0.62, 45% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 10.9%p higher than buy and hold, while drawdown improves by 18.2%p (CAGR 6.9%, MDD -34.9%, 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
Supertrend
period=16, mult=2.7
16.0%-67.1%0.620.2417.6x12245%
볼린저 밴드 돌파
n=46, k=1.1
14.5%-50.9%0.600.2913.7x10237%
MACD
fast=22, slow=37, signal=19
14.1%-68.1%0.560.2112.7x15855%
EMA 크로스오버
fast=18, slow=45
13.4%-59.5%0.540.2211.2x7046%
Keltner 채널 돌파
emaPeriod=47, atrPeriod=22, mult=1.2
12.2%-62.7%0.530.199.2x11637%
SMA 크로스오버
fast=10, slow=134
11.3%-58.2%0.490.197.8x5249%
ROC 모멘텀
n=96, threshold=-0.04
11.4%-69.5%0.480.168.0x15062%
Donchian 채널 돌파
entryN=13, exitN=13
11.1%-72.9%0.480.157.6x13455%
ADX / DI 방향성
period=16, threshold=26
6.9%-34.9%0.400.203.6x11219%
Parabolic SAR
step=0.025, maxStep=0.22
5.3%-63.8%0.330.082.7x38747%
Buy and hold5.1%-85.3%0.350.062.6x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -43% -64% -85% 2008 2011 2014 2017 2020 2023 2026 Buy and holdSupertrend
Supertrend maximum drawdown -67.1% (2022-07-05 → 2026-06-08), prior peak not yet recovered.

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 setupMore CN assetsAll asset reports

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