Trend-Following Backtester · Guide · backtest 한국어

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Hangzhou Hikvision Digital Technology Co., Ltd Class A backtest

10 trend-following strategies were compared on the full daily history of Hangzhou Hikvision Digital Technology Co., Ltd Class A. 3 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is SMA 크로스오버 (CAGR 14.1%, MDD -47.8%).

Data 2010-12-20 ~ 2026-07-31daily bars 3,791 (15.6 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 13.1%, drawdown -63.7%).

Sharpe leader (same as main): Supertrend — CAGR 14.6%, MDD -48.0%, Sharpe 0.64, 57% exposure.

Return/drawdown alternative: SMA 크로스오버 — CAGR is 1.5%p higher than buy and hold, while drawdown improves by 15.7%p (CAGR 14.1%, MDD -47.8%, exposure 57%).

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=23, mult=4.1
14.6%-48.0%0.640.308.4x5157%
SMA 크로스오버
fast=41, slow=168
14.1%-47.8%0.620.297.8x2157%
Donchian 채널 돌파
entryN=16, exitN=69
14.3%-62.6%0.590.238.1x3780%
ROC 모멘텀
n=79, threshold=-0.04
11.5%-58.2%0.530.205.5x13164%
EMA 크로스오버
fast=18, slow=110
11.1%-54.2%0.530.205.2x4358%
볼린저 밴드 돌파
n=56, k=2.5
7.7%-32.9%0.450.243.2x4229%
ADX / DI 방향성
period=32, threshold=37
2.2%-9.5%0.430.231.4x22%
Parabolic SAR
step=0.005, maxStep=0.32
7.5%-52.2%0.410.143.1x12351%
Keltner 채널 돌파
emaPeriod=58, atrPeriod=18, mult=1.8
6.2%-60.3%0.370.102.5x8741%
MACD
fast=18, slow=59, signal=12
5.1%-54.5%0.320.092.2x19553%
Buy and hold13.1%-63.7%0.530.216.8x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -32% -48% -64% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdSupertrend
Supertrend maximum drawdown -48.0% (2021-01-27 → 2025-08-04), 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 setupAll asset reports

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