Trend-Following Backtester · Guide · backtest 한국어

etf · HK

CSOP Levd. & Invr. Ser. - Hang Seng China Enterprises In. (2x) backtest

10 trend-following strategies were compared on the full daily history of CSOP Levd. & Invr. Ser. - Hang Seng China Enterprises In. (2x). 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 0.7%, MDD -21.7%).

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

9 of 10 beat buy and hold (CAGR -8.9%, drawdown -90.3%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 2.6%, MDD -34.4%, Sharpe 0.23, 14% exposure.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 11.4%p higher than buy and hold, while drawdown improves by 55.9%p (CAGR 0.7%, MDD -21.7%, exposure 0%).

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=26, k=2.5
2.6%-34.4%0.230.081.3x3014%
EMA 크로스오버
fast=38, slow=61
1.5%-59.6%0.210.031.1x2040%
Donchian 채널 돌파
entryN=77, exitN=83
0.3%-67.4%0.170.001.0x1246%
Supertrend
period=27, mult=5
0.4%-59.1%0.170.011.0x2940%
Keltner 채널 돌파
emaPeriod=12, atrPeriod=13, mult=4
0.7%-21.7%0.130.031.1x20%
SMA 크로스오버
fast=32, slow=119
-1.4%-61.1%0.11-0.020.9x1640%
ROC 모멘텀
n=134, threshold=-0.03
-4.1%-74.6%0.03-0.050.7x5245%
MACD
fast=18, slow=58, signal=13
-7.5%-76.9%-0.08-0.100.5x11748%
ADX / DI 방향성
period=12, threshold=33
-3.4%-39.2%-0.17-0.090.7x265%
Parabolic SAR
step=0.045, maxStep=0.3
-11.6%-79.1%-0.23-0.150.3x31349%
Buy and hold-8.9%-90.3%0.06-0.100.4x1100%
1x 2018 2020 2022 2024 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -23% -45% -68% -90% 2018 2020 2022 2024 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -34.4% (2018-01-26 → 2022-11-28), recovered after 1,813 days.

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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