Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Kingsoft Corporation Ltd backtest

10 trend-following strategies were compared on the full daily history of Kingsoft Corporation Ltd. 9 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 17.9%, MDD -51.5%).

Data 2007-10-09 ~ 2026-07-31daily bars 4,636 (18.8 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

9 of 10 beat buy and hold (CAGR 9.3%, drawdown -76.5%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 21.2%, MDD -61.6%, Sharpe 0.78, 31% exposure.

CAGR reference leader: SMA 크로스오버 — CAGR 21.3%, MDD -62.7%, exposure 50%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 11.9%p higher than buy and hold, while drawdown improves by 14.9%p (CAGR 17.9%, MDD -51.5%, exposure 33%).

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
볼린저 밴드 돌파
n=48, k=2.1
21.2%-61.6%0.780.3436.9x6531%
SMA 크로스오버
fast=48, slow=84
21.3%-62.7%0.710.3437.8x6050%
Keltner 채널 돌파
emaPeriod=47, atrPeriod=15, mult=2.2
17.9%-51.5%0.680.3522.1x7633%
Donchian 채널 돌파
entryN=41, exitN=53
20.2%-66.1%0.670.3131.8x3959%
EMA 크로스오버
fast=8, slow=32
17.4%-74.2%0.630.2320.5x14750%
ADX / DI 방향성
period=21, threshold=14
14.7%-75.6%0.570.1913.3x22543%
ROC 모멘텀
n=62, threshold=0.11
13.3%-60.0%0.540.2210.4x19837%
Supertrend
period=11, mult=3.5
12.3%-65.2%0.500.198.8x9553%
MACD
fast=17, slow=47, signal=7
10.4%-67.8%0.450.156.4x28952%
Parabolic SAR
step=0.01, maxStep=0.24
6.3%-76.5%0.350.083.2x22949%
Buy and hold9.3%-76.5%0.430.125.3x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 SMA 크로스오버볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파 (Sharpe leader), SMA 크로스오버 (CAGR reference), Buy and hold.
0% -19% -38% -57% -76% 2008 2011 2014 2017 2020 2023 2026 Buy and holdSMA 크로스오버볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -61.6% (2021-02-10 → 2024-03-27), prior peak not yet recovered.

Rules of the top strategy

Breaking above the upper band (average plus a multiple of volatility) signals a strong move up.

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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