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Trend-Following Backtester · Guide · backtest 한국어

etf · CN

China Feed Soybean Meal Futures Trading Open-end Securities Investment Fund ETF backtest

10 trend-following strategies were compared on the full daily history of China Feed Soybean Meal Futures Trading Open-end Securities Investment Fund ETF. 2 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 13.6%, MDD -18.4%).

Data 2019-09-24 ~ 2026-07-31daily bars 1,624 (6.9 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 11.3%, drawdown -26.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 13.6%, MDD -18.4%, Sharpe 0.82, 83% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 2.3%p higher than buy and hold, while drawdown improves by 8.2%p (CAGR 13.6%, MDD -18.4%, exposure 83%).

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
Donchian 채널 돌파
entryN=14, exitN=54
13.6%-18.4%0.820.742.4x1583%
MACD
fast=23, slow=46, signal=18
9.8%-18.2%0.720.541.9x5150%
ROC 모멘텀
n=36, threshold=-0.09
11.9%-20.7%0.710.582.2x2591%
Keltner 채널 돌파
emaPeriod=16, atrPeriod=14, mult=3.8
4.2%-10.3%0.660.411.3x67%
SMA 크로스오버
fast=35, slow=60
8.3%-23.0%0.620.361.7x3156%
ADX / DI 방향성
period=26, threshold=15
6.9%-23.9%0.550.291.6x4443%
볼린저 밴드 돌파
n=42, k=2.1
6.5%-20.2%0.540.321.5x3036%
EMA 크로스오버
fast=23, slow=118
6.7%-29.0%0.490.231.6x2167%
Supertrend
period=23, mult=4.5
5.7%-24.1%0.440.241.5x3163%
Parabolic SAR
step=0.005, maxStep=0.18
4.7%-21.7%0.390.221.4x5053%
Buy and hold11.3%-26.6%0.670.422.1x1100%
1x 2020 2021 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -7% -13% -20% -27% 2020 2021 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -18.4% (2024-05-23 → 2025-01-09), recovered after 659 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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