Trend-Following Backtester · Guide · backtest 한국어

equity · HK

HKT Trust and HKT Ltd backtest

10 trend-following strategies were compared on the full daily history of HKT Trust and HKT Ltd. 1 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2003-01-22 ~ 2026-07-31daily bars 5,827 (23.5 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 12.4%, drawdown -72.6%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 2.2%, MDD -7.4%, Sharpe 0.54, 4% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 15.7%, MDD -44.6%, exposure 99%. It is hold-like at 95%+ exposure and is not used as the featured strategy.

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
ADX / DI 방향성
period=57, threshold=30
2.2%-7.4%0.540.301.7x24%
ROC 모멘텀
Hold-like · Exposure 99%
n=10, threshold=-0.12
15.7%-44.6%0.240.3531.1x2999%
Donchian 채널 돌파
entryN=15, exitN=46
11.2%-70.9%0.220.1612.2x10574%
Supertrend
period=22, mult=3.7
9.8%-67.6%0.210.149.0x9754%
SMA 크로스오버
fast=15, slow=42
9.5%-60.4%0.210.168.5x14755%
Parabolic SAR
step=0.005, maxStep=0.32
7.3%-61.9%0.200.125.2x17752%
볼린저 밴드 돌파
n=49, k=3.5
1.1%-30.1%0.170.041.3x2813%
Keltner 채널 돌파
emaPeriod=56, atrPeriod=27, mult=2.8
1.2%-43.1%0.150.031.3x6930%
EMA 크로스오버
fast=69, slow=198
0.0%-64.8%0.090.001.0x2951%
MACD
fast=14, slow=56, signal=17
-2.0%-71.6%-0.02-0.030.6x25151%
Buy and hold12.4%-72.6%0.230.1715.8x1100%
1x 10x 2004 2007 2010 2013 2016 2019 2022 2025 ROC 모멘텀ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -18% -36% -54% -73% 2004 2007 2010 2013 2016 2019 2022 2025 Buy and holdROC 모멘텀ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -7.4% (2012-09-10 → 2012-09-18), recovered after 39 days.

Rules of the top strategy

Looks at both the direction and the strength of the trend; holds only in a strong uptrend.

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

Read next