Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Keymed Biosciences, Inc. backtest

10 trend-following strategies were compared on the full daily history of Keymed Biosciences, Inc.. 10 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 3.4%, MDD -11.0%).

Data 2021-07-08 ~ 2026-07-31daily bars 1,244 (5.1 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR 1.3%, drawdown -74.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 23.1%, MDD -42.8%, Sharpe 0.76, 37% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 21.8%p higher than buy and hold, while drawdown improves by 31.9%p (CAGR 3.4%, MDD -11.0%, exposure 3%).

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=47, exitN=21
23.1%-42.8%0.760.542.9x1137%
볼린저 밴드 돌파
n=19, k=3
11.7%-14.8%0.730.791.7x88%
ROC 모멘텀
n=69, threshold=-0.01
22.2%-44.3%0.690.502.8x4051%
MACD
fast=7, slow=23, signal=14
22.0%-63.2%0.680.352.7x9450%
EMA 크로스오버
fast=16, slow=103
16.0%-47.4%0.570.342.1x1347%
Keltner 채널 돌파
emaPeriod=86, atrPeriod=27, mult=1.5
14.9%-56.7%0.560.262.0x1939%
SMA 크로스오버
fast=42, slow=63
15.5%-49.2%0.560.322.1x1549%
Parabolic SAR
step=0.04, maxStep=0.1
13.3%-49.6%0.510.271.9x12650%
Supertrend
period=16, mult=2.4
12.9%-56.0%0.500.231.9x3651%
ADX / DI 방향성
period=25, threshold=30
3.4%-11.0%0.350.311.2x23%
Buy and hold1.3%-74.7%0.340.021.1x1100%
1x 2022 2023 2024 2025 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 2022 2023 2024 2025 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -42.8% (2023-02-02 → 2024-09-23), recovered after 907 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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