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Trend-Following Backtester · Guide · backtest 한국어

etf · HK

iShares Core MSCI Taiwan ETF HKD Counter backtest

10 trend-following strategies were compared on the full daily history of iShares Core MSCI Taiwan ETF HKD Counter. 0 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester.

Data 2016-06-22 ~ 2026-07-31daily bars 2,487 (10.1 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 45.0%, drawdown -40.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 21.0%, MDD -26.5%, Sharpe 1.08, 91% exposure.

CAGR reference leader: Parabolic SAR — CAGR 24.5%, MDD -42.6%, exposure 58%.

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=13, exitN=96
21.0%-26.5%1.080.796.9x1791%
SMA 크로스오버
fast=36, slow=99
15.7%-25.4%0.930.624.4x2168%
EMA 크로스오버
fast=16, slow=129
15.9%-27.8%0.920.574.4x2172%
ROC 모멘텀
n=94, threshold=-0.08
14.7%-26.6%0.830.554.0x3383%
Supertrend
period=19, mult=4.9
9.6%-36.4%0.670.262.5x7065%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=16, mult=2.2
7.1%-24.5%0.580.292.0x8650%
MACD
fast=16, slow=44, signal=17
7.0%-31.9%0.560.222.0x11651%
볼린저 밴드 돌파
n=56, k=1.7
6.0%-19.3%0.520.311.8x3840%
ADX / DI 방향성
period=16, threshold=18
5.1%-24.4%0.460.211.7x11244%
Parabolic SAR
step=0.04, maxStep=0.26
24.5%-42.6%0.330.589.1x26058%
Buy and hold45.0%-40.3%0.411.1142.6x1100%
1x 10x 2017 2019 2021 2023 2025 Parabolic SARDonchian 채널 돌파Buy and hold
Donchian 채널 돌파 (Sharpe leader), Parabolic SAR (CAGR reference), Buy and hold.
0% -11% -21% -32% -43% 2017 2019 2021 2023 2025 Buy and holdParabolic SARDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -26.5% (2022-01-04 → 2022-09-19), recovered after 794 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 setupMore HK assetsAll asset reports

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