Trend-Following Backtester · Guide · backtest 한국어

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Shandong Hongqiao Aluminum Industry Holding Company Limited Class A backtest

10 trend-following strategies were compared on the full daily history of Shandong Hongqiao Aluminum Industry Holding Company Limited 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 9.6%, MDD -46.0%).

Data 2010-03-31 ~ 2026-07-31daily bars 3,967 (16.3 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

6 of 10 beat buy and hold (CAGR 7.6%, drawdown -73.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 9.6%, MDD -46.0%, Sharpe 0.53, 22% exposure.

CAGR reference leader: MACD — CAGR 11.0%, MDD -62.9%, exposure 53%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 2.0%p higher than buy and hold, while drawdown improves by 27.8%p (CAGR 9.6%, MDD -46.0%, exposure 22%).

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=54, atrPeriod=17, mult=3.7
9.6%-46.0%0.530.214.5x3022%
MACD
fast=15, slow=46, signal=22
11.0%-62.9%0.490.185.5x14553%
Donchian 채널 돌파
entryN=16, exitN=31
9.9%-70.5%0.450.144.7x7166%
볼린저 밴드 돌파
n=52, k=2.6
8.3%-67.2%0.440.123.7x5030%
ROC 모멘텀
n=37, threshold=0.07
8.7%-72.0%0.440.123.9x19333%
SMA 크로스오버
fast=16, slow=204
8.3%-54.2%0.420.153.7x3652%
ADX / DI 방향성
period=27, threshold=24
6.3%-52.3%0.390.122.7x4222%
Supertrend
period=31, mult=4
6.9%-76.0%0.370.093.0x7347%
EMA 크로스오버
fast=55, slow=197
6.3%-55.4%0.360.112.7x2051%
Parabolic SAR
step=0.025, maxStep=0.26
-3.5%-82.6%0.05-0.040.6x33749%
Buy and hold7.6%-73.8%0.390.103.3x1100%
1x 2011 2013 2015 2017 2019 2021 2023 2025 MACDKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), MACD (CAGR reference), Buy and hold.
0% -18% -37% -55% -74% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdMACDKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -46.0% (2017-04-18 → 2024-04-16), recovered after 2,822 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.
Re-run the same setupAll asset reports

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