Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Nongfu Spring Co., Ltd. Class H backtest

10 trend-following strategies were compared on the full daily history of Nongfu Spring Co., Ltd. Class H. 5 beat buy-and-hold CAGR; 볼린저 밴드 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is 볼린저 밴드 돌파 (CAGR 11.4%, MDD -12.4%).

Data 2020-09-08 ~ 2026-07-31daily bars 1,447 (5.9 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

5 of 10 beat buy and hold (CAGR 4.8%, drawdown -63.4%).

Sharpe leader (same as main): 볼린저 밴드 돌파 — CAGR 11.4%, MDD -12.4%, Sharpe 0.83, 12% exposure.

Return/drawdown alternative: 볼린저 밴드 돌파 — CAGR is 6.6%p higher than buy and hold, while drawdown improves by 51.1%p (CAGR 11.4%, MDD -12.4%, exposure 12%).

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=37, k=3.2
11.4%-12.4%0.830.921.9x612%
ADX / DI 방향성
period=19, threshold=30
7.3%-13.1%0.580.561.5x88%
Keltner 채널 돌파
emaPeriod=29, atrPeriod=21, mult=2.9
6.3%-23.3%0.470.271.4x1013%
ROC 모멘텀
n=30, threshold=0.12
5.9%-28.3%0.430.211.4x4614%
Supertrend
period=27, mult=4.5
7.8%-40.9%0.420.191.6x1450%
SMA 크로스오버
fast=34, slow=77
1.8%-41.1%0.200.041.1x2252%
MACD
fast=27, slow=44, signal=20
-1.4%-52.9%0.08-0.030.9x5553%
Donchian 채널 돌파
entryN=42, exitN=15
-1.2%-54.9%0.04-0.020.9x2733%
EMA 크로스오버
fast=34, slow=57
-2.2%-61.9%0.03-0.040.9x2049%
Parabolic SAR
step=0.015, maxStep=0.1
-8.4%-60.8%-0.20-0.140.6x9552%
Buy and hold4.8%-63.4%0.310.081.3x1100%
1x 2021 2022 2023 2024 2025 2026 볼린저 밴드 돌파Buy and hold
볼린저 밴드 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -16% -32% -48% -63% 2021 2022 2023 2024 2025 2026 Buy and hold볼린저 밴드 돌파
볼린저 밴드 돌파 maximum drawdown -12.4% (2021-01-08 → 2021-01-15), recovered after 315 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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