Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Sany Heavy Equipment International Holdings Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Sany Heavy Equipment International Holdings Co., Ltd.. 5 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 5.3%, MDD -31.0%).

Data 2009-11-25 ~ 2026-07-31daily bars 4,109 (16.7 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 2.8%, drawdown -89.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 9.3%, MDD -50.0%, Sharpe 0.58, 12% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 6.5%p higher than buy and hold, while drawdown improves by 39.3%p (CAGR 5.3%, MDD -31.0%, exposure 7%).

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
볼린저 밴드 돌파
n=19, k=2.8
9.3%-50.0%0.580.194.4x5212%
Donchian 채널 돌파
entryN=139, exitN=4
5.9%-32.8%0.460.182.6x4810%
Keltner 채널 돌파
emaPeriod=23, atrPeriod=20, mult=3.7
5.3%-31.0%0.410.172.4x227%
EMA 크로스오버
fast=40, slow=158
5.1%-62.9%0.320.082.3x2846%
Supertrend
period=12, mult=4.2
3.5%-74.7%0.270.051.8x5852%
ROC 모멘텀
n=133, threshold=0
2.7%-70.7%0.240.041.5x13048%
SMA 크로스오버
fast=44, slow=194
2.6%-60.8%0.240.041.5x2646%
Parabolic SAR
step=0.01, maxStep=0.22
2.2%-82.7%0.220.031.4x21749%
ADX / DI 방향성
period=9, threshold=32
1.7%-48.6%0.190.041.3x15019%
MACD
fast=10, slow=23, signal=9
-2.2%-86.3%0.08-0.030.7x35150%
Buy and hold2.8%-89.3%0.290.031.6x1100%
1x 2010 2013 2016 2019 2022 2025 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -89% 2010 2013 2016 2019 2022 2025 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -50.0% (2021-03-03 → 2025-06-03), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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