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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

ChinaLin Securities Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of ChinaLin Securities Co., Ltd. Class A. 1 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ROC 모멘텀 (CAGR 15.1%, MDD -19.4%).

Data 2019-01-17 ~ 2026-07-31daily bars 1,825 (7.5 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 14.6%, drawdown -57.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 15.1%, MDD -19.4%, Sharpe 0.88, 2% exposure.

Return/drawdown alternative: ROC 모멘텀 — CAGR is 0.4%p higher than buy and hold, while drawdown improves by 37.8%p (CAGR 15.1%, MDD -19.4%, exposure 2%).

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
ROC 모멘텀
n=1, threshold=0.09
15.1%-19.4%0.880.782.9x542%
ADX / DI 방향성
period=34, threshold=40
0.6%-1.8%0.340.361.0x20%
Parabolic SAR
step=0.02, maxStep=0.12
5.6%-71.6%0.340.081.5x13545%
Donchian 채널 돌파
entryN=9, exitN=77
3.0%-55.5%0.290.051.3x2382%
볼린저 밴드 돌파
n=17, k=1.5
4.0%-57.3%0.290.071.3x8928%
Supertrend
period=5, mult=4.7
1.8%-57.1%0.260.031.1x1971%
Keltner 채널 돌파
emaPeriod=26, atrPeriod=24, mult=3.2
1.0%-48.4%0.170.021.1x2213%
MACD
fast=14, slow=18, signal=9
-2.3%-67.4%0.11-0.030.8x14349%
SMA 크로스오버
fast=78, slow=242
-4.3%-42.8%-0.05-0.100.7x1039%
EMA 크로스오버
fast=37, slow=211
-10.8%-69.7%-0.19-0.150.4x2248%
Buy and hold14.6%-57.2%0.530.262.8x1100%
1x 2020 2021 2022 2023 2024 2025 2026 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -14% -29% -43% -57% 2020 2021 2022 2023 2024 2025 2026 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -19.4% (2019-06-24 → 2020-12-04), recovered after 903 days.

Rules of the top strategy

Rides the trend when recent return (momentum) over a window is above a threshold.

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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