Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Legend Holdings Corporation Class H backtest

10 trend-following strategies were compared on the full daily history of Legend Holdings Corporation Class H. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 9.0%, MDD -18.8%).

Data 2015-06-29 ~ 2026-07-31daily bars 2,731 (11.1 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR -10.2%, drawdown -88.3%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 9.0%, MDD -18.8%, Sharpe 0.61, 4% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 19.1%p higher than buy and hold, while drawdown improves by 69.5%p (CAGR 9.0%, MDD -18.8%, exposure 4%).

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=83, exitN=1
9.0%-18.8%0.610.482.6x344%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=21, mult=2.5
7.4%-26.0%0.470.282.2x245%
SMA 크로스오버
fast=28, slow=217
4.8%-44.2%0.310.111.7x1133%
Supertrend
period=26, mult=4.7
3.8%-45.5%0.270.081.5x3026%
볼린저 밴드 돌파
n=55, k=2.4
2.9%-40.5%0.240.071.4x2214%
EMA 크로스오버
fast=6, slow=182
1.2%-57.3%0.180.021.1x2930%
ROC 모멘텀
n=111, threshold=0.03
0.9%-55.0%0.170.021.1x7534%
MACD
fast=18, slow=33, signal=7
-1.0%-75.7%0.12-0.010.9x17250%
ADX / DI 방향성
period=8, threshold=37
-2.5%-53.8%-0.02-0.050.8x8613%
Parabolic SAR
step=0.02, maxStep=0.14
-11.1%-86.8%-0.26-0.130.3x23242%
Buy and hold-10.2%-88.3%-0.06-0.120.3x1100%
1x 2016 2018 2020 2022 2024 2026 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -22% -44% -66% -88% 2016 2018 2020 2022 2024 2026 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -18.8% (2017-12-29 → 2021-01-12), recovered after 1,116 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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