Trend-Following Backtester · Guide · backtest 한국어

etf · HK

CSOP Hang Seng Index Daily (2x) Leveraged Product backtest

10 trend-following strategies were compared on the full daily history of CSOP Hang Seng Index Daily (2x) Leveraged Product. 7 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 3.1%, MDD -26.0%).

Data 2017-03-14 ~ 2026-07-31daily bars 2,307 (9.4 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR -2.1%, drawdown -83.7%).

Sharpe leader (same as main): Supertrend — CAGR 6.7%, MDD -64.7%, Sharpe 0.37, 48% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 8.8%p higher than buy and hold, while drawdown improves by 19.0%p (CAGR 3.1%, MDD -26.0%, exposure 5%).

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
Supertrend
period=23, mult=3
6.7%-64.7%0.370.101.8x6948%
Donchian 채널 돌파
entryN=65, exitN=82
5.7%-47.5%0.340.121.7x1252%
Keltner 채널 돌파
emaPeriod=46, atrPeriod=20, mult=2.4
4.8%-32.4%0.340.151.6x3126%
볼린저 밴드 돌파
n=36, k=3.1
3.1%-26.0%0.310.121.3x65%
ROC 모멘텀
n=154, threshold=0.14
3.8%-39.1%0.280.101.4x5431%
EMA 크로스오버
fast=58, slow=76
-0.1%-66.5%0.14-0.001.0x1846%
SMA 크로스오버
fast=30, slow=120
-0.7%-57.9%0.12-0.010.9x2242%
MACD
fast=15, slow=25, signal=15
-4.6%-75.6%-0.01-0.060.6x13950%
ADX / DI 방향성
period=21, threshold=17
-3.0%-41.9%-0.06-0.070.8x6622%
Parabolic SAR
step=0.01, maxStep=0.36
-8.1%-81.5%-0.15-0.100.5x13550%
Buy and hold-2.1%-83.7%0.18-0.020.8x1100%
1x 2018 2020 2022 2024 2026 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -21% -42% -63% -84% 2018 2020 2022 2024 2026 Buy and holdSupertrend
Supertrend maximum drawdown -64.7% (2018-01-26 → 2022-11-10), recovered after 2,588 days.

Rules of the top strategy

Trades the direction of a volatility-based trend line that trails below/above price.

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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