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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Chongqing Zhifei Biological Products Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Chongqing Zhifei Biological Products Co., Ltd. Class A. 9 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 8.0%, MDD -46.9%).

Data 2010-09-28 ~ 2026-07-31daily bars 3,845 (15.8 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 4.7%, drawdown -92.2%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 10.8%, MDD -49.6%, Sharpe 0.48, 44% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.1%p higher than buy and hold, while drawdown improves by 42.6%p (CAGR 8.0%, MDD -46.9%, exposure 38%).

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=177, threshold=0.08
10.8%-49.6%0.480.225.1x11844%
ADX / DI 방향성
period=51, threshold=12
9.1%-49.1%0.460.194.0x5031%
SMA 크로스오버
fast=41, slow=224
9.7%-67.3%0.450.144.3x2050%
Donchian 채널 돌파
entryN=157, exitN=79
8.3%-59.1%0.420.143.5x1237%
볼린저 밴드 돌파
n=20, k=1.5
8.0%-46.9%0.410.173.4x17238%
EMA 크로스오버
fast=35, slow=196
8.3%-71.2%0.410.123.5x2050%
Supertrend
period=8, mult=2.8
6.3%-66.6%0.350.092.6x10352%
MACD
fast=18, slow=33, signal=13
6.2%-81.1%0.350.082.6x19350%
Keltner 채널 돌파
emaPeriod=54, atrPeriod=13, mult=1.4
6.0%-66.2%0.350.092.5x8440%
Parabolic SAR
step=0.01, maxStep=0.12
3.2%-72.5%0.260.041.6x20149%
Buy and hold4.7%-92.2%0.340.052.1x1100%
1x 10x 2011 2013 2015 2017 2019 2021 2023 2025 ROC 모멘텀Buy and hold
ROC 모멘텀: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -46% -69% -92% 2011 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -49.6% (2021-02-10 → 2024-03-25), prior peak not yet recovered.

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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