Trend-Following Backtester · Guide · backtest 한국어

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Avary Holding (Shenzhen) Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Avary Holding (Shenzhen) Co., Ltd. Class A. 3 beat buy-and-hold CAGR; MACD ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 16.7%, MDD -25.9%).

Data 2018-09-27 ~ 2026-07-31daily bars 1,898 (7.8 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 18.5%, drawdown -71.3%).

Sharpe leader (same as main): MACD — CAGR 23.8%, MDD -48.4%, Sharpe 0.80, 53% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 5.4%p higher than buy and hold, while drawdown improves by 22.9%p (CAGR 16.7%, MDD -25.9%, exposure 18%).

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
MACD
fast=17, slow=39, signal=19
23.8%-48.4%0.800.495.3x7253%
SMA 크로스오버
fast=22, slow=33
22.6%-57.7%0.740.395.0x6052%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=10, mult=3.8
16.7%-25.9%0.740.643.4x1018%
Donchian 채널 돌파
entryN=16, exitN=63
23.8%-50.2%0.720.475.3x2176%
볼린저 밴드 돌파
n=27, k=1.3
17.0%-54.7%0.650.313.4x7241%
Supertrend
period=15, mult=2.6
17.7%-50.1%0.630.353.6x5657%
ROC 모멘텀
n=149, threshold=0.13
14.7%-45.3%0.570.322.9x3339%
ADX / DI 방향성
period=18, threshold=26
11.6%-25.5%0.570.452.4x2218%
EMA 크로스오버
fast=12, slow=174
13.1%-56.7%0.520.232.6x1351%
Parabolic SAR
step=0.005, maxStep=0.36
3.6%-72.3%0.280.051.3x7054%
Buy and hold18.5%-71.3%0.600.263.8x1100%
1x 2019 2020 2021 2022 2023 2024 2025 2026 MACDBuy and hold
MACD: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -18% -36% -53% -71% 2019 2020 2021 2022 2023 2024 2025 2026 Buy and holdMACD
MACD maximum drawdown -48.4% (2020-07-09 → 2024-02-21), recovered after 1,832 days.

Rules of the top strategy

Looks at the gap (MACD) between a short and long average crossing its own signal line.

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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