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Trend-Following Backtester · Guide · backtest 한국어

equity · CN

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class A backtest

10 trend-following strategies were compared on the full daily history of Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. Class A. 5 beat buy-and-hold CAGR; ROC 모멘텀 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 20.1%, MDD -43.8%).

Data 2012-05-11 ~ 2026-07-31daily bars 3,455 (14.2 years)Costs 0.5%Venue SZSEMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 17.1%, drawdown -74.5%).

Sharpe leader (same as main): ROC 모멘텀 — CAGR 31.7%, MDD -52.9%, Sharpe 0.87, 71% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 14.6%p higher than buy and hold, while drawdown improves by 21.6%p (CAGR 20.1%, MDD -43.8%, exposure 43%).

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=94, threshold=-0.09
31.7%-52.9%0.870.6050.1x6271%
SMA 크로스오버
fast=57, slow=215
24.3%-55.4%0.750.4422.0x1164%
Supertrend
period=21, mult=2.5
21.1%-58.5%0.710.3615.1x10649%
Keltner 채널 돌파
emaPeriod=52, atrPeriod=27, mult=1.5
20.1%-43.8%0.690.4613.5x7643%
볼린저 밴드 돌파
n=58, k=1.2
17.9%-46.6%0.640.3910.4x6443%
EMA 크로스오버
fast=106, slow=120
16.9%-65.9%0.600.269.2x1761%
Donchian 채널 돌파
entryN=47, exitN=27
15.9%-44.8%0.600.368.2x4242%
Parabolic SAR
step=0.005, maxStep=0.36
15.6%-61.7%0.580.257.9x11250%
MACD
fast=18, slow=42, signal=15
13.7%-72.3%0.530.196.2x15450%
ADX / DI 방향성
period=22, threshold=19
12.0%-50.1%0.510.245.0x9833%
Buy and hold17.1%-74.5%0.570.239.4x1100%
1x 10x 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% -19% -37% -56% -75% 2013 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀
ROC 모멘텀 maximum drawdown -52.9% (2022-08-18 → 2025-01-10), recovered after 1,265 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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