Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Swire Properties Limited backtest

10 trend-following strategies were compared on the full daily history of Swire Properties Limited. 8 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR -0.0%, MDD -10.6%).

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

8 of 10 beat buy and hold (CAGR -2.2%, drawdown -91.1%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.4%, MDD -39.5%, Sharpe 0.41, 56% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 8.6%p higher than buy and hold, while drawdown improves by 51.6%p (CAGR -0.0%, MDD -10.6%, exposure 1%).

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=58, exitN=62
6.4%-39.5%0.410.165.2x4056%
EMA 크로스오버
fast=31, slow=57
5.9%-41.5%0.390.144.6x7453%
SMA 크로스오버
fast=14, slow=90
5.6%-33.7%0.370.174.2x9652%
Supertrend
period=20, mult=4.4
4.4%-42.6%0.310.103.2x7560%
ROC 모멘텀
n=87, threshold=-0.04
1.4%-65.0%0.170.021.4x24963%
볼린저 밴드 돌파
n=47, k=1.6
0.4%-55.1%0.110.011.1x14735%
Keltner 채널 돌파
emaPeriod=59, atrPeriod=17, mult=1.5
-0.5%-58.4%0.06-0.010.9x16340%
ADX / DI 방향성
period=23, threshold=37
-0.0%-10.6%0.00-0.001.0x81%
MACD
fast=19, slow=49, signal=11
-4.4%-87.7%-0.12-0.050.3x34950%
Parabolic SAR
step=0.015, maxStep=0.22
-4.6%-82.9%-0.12-0.050.3x45549%
Buy and hold-2.2%-91.1%0.15-0.020.5x1100%
1x 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% -23% -46% -68% -91% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -39.5% (2001-01-10 → 2003-06-30), recovered after 1,112 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 setupAll asset reports

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