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Trend-Following Backtester · Guide · backtest 한국어

etf · HK

Samsung S&P GSCI Crude Oil ER Futures ETF backtest

10 trend-following strategies were compared on the full daily history of Samsung S&P GSCI Crude Oil ER Futures ETF. 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 1.2%, MDD -6.1%).

Data 2016-04-28 ~ 2026-07-31daily bars 2,526 (10.3 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -2.1%, drawdown -89.6%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.6%, MDD -38.1%, Sharpe 0.53, 34% exposure.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 11.8%p higher than buy and hold, while drawdown improves by 51.5%p (CAGR 1.2%, MDD -6.1%, 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=115, exitN=63
9.6%-38.1%0.530.252.6x1234%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=13, mult=3.8
8.6%-29.3%0.500.292.3x3430%
볼린저 밴드 돌파
n=58, k=1.8
7.8%-31.2%0.460.252.2x3634%
ROC 모멘텀
n=138, threshold=0.14
7.6%-32.9%0.450.232.1x5131%
SMA 크로스오버
fast=36, slow=111
8.1%-42.3%0.440.192.2x2452%
Supertrend
period=27, mult=4
7.4%-43.9%0.410.172.1x7552%
ADX / DI 방향성
period=19, threshold=38
1.2%-6.1%0.350.201.1x21%
EMA 크로스오버
fast=29, slow=129
4.6%-43.4%0.310.111.6x2348%
Parabolic SAR
step=0.01, maxStep=0.2
2.2%-67.5%0.210.031.3x11553%
MACD
fast=19, slow=59, signal=15
0.4%-69.8%0.150.011.0x11353%
Buy and hold-2.1%-89.6%0.18-0.020.8x1100%
1x 2017 2019 2021 2023 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -45% -67% -90% 2017 2019 2021 2023 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -38.1% (2022-06-09 → 2026-02-13), recovered after 1,420 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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