Trend-Following Backtester · Guide · backtest 한국어

equity · HK

China Ruyi Holdings Limited backtest

10 trend-following strategies were compared on the full daily history of China Ruyi Holdings Limited. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2000-01-04 ~ 2026-07-31daily bars 6,623 (26.6 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -16.9%, drawdown -99.9%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.5%, MDD -87.9%, Sharpe 0.36, 36% exposure.

No strategy retained at least 75% of buy-and-hold CAGR while reducing drawdown by both 20% relatively and 5 percentage points absolutely.

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=94, exitN=70
6.5%-87.9%0.360.075.3x3636%
볼린저 밴드 돌파
n=24, k=3.4
5.3%-85.1%0.320.064.0x7010%
SMA 크로스오버
fast=58, slow=193
0.5%-85.5%0.300.011.1x3841%
EMA 크로스오버
fast=27, slow=213
1.1%-83.8%0.280.011.3x3433%
Parabolic SAR
step=0.045, maxStep=0.24
-4.3%-99.6%0.22-0.040.3x57942%
ROC 모멘텀
n=137, threshold=0.03
-7.2%-94.6%0.18-0.080.1x23440%
Supertrend
period=12, mult=4.9
-8.2%-99.9%0.18-0.080.1x12651%
ADX / DI 방향성
period=36, threshold=10
-10.6%-98.7%0.12-0.110.1x21744%
Keltner 채널 돌파
emaPeriod=44, atrPeriod=14, mult=1.9
-14.5%-99.9%-0.05-0.150.0x14825%
MACD
fast=12, slow=43, signal=15
-19.2%-99.9%-0.09-0.190.0x32852%
Buy and hold-16.9%-99.9%0.19-0.170.0x1100%
0.01 0.1 1x 10x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -25% -50% -75% -100% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -87.9% (2021-02-17 → 2025-10-21), prior peak not yet recovered.

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 setupAll asset reports

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