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Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Aerospace Industrial Development Corp. backtest

10 trend-following strategies were compared on the full daily history of Aerospace Industrial Development Corp.. 0 beat buy-and-hold CAGR; ADX / DI 방향성 ranks first by Sharpe, matching the main backtester.

Data 2014-08-25 ~ 2026-07-31daily bars 2,865 (11.9 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

0 of 10 beat buy and hold (CAGR 6.2%, drawdown -42.7%).

Sharpe leader (same as main): ADX / DI 방향성 — CAGR 3.2%, MDD -8.8%, Sharpe 0.46, 3% exposure.

CAGR reference leader: ROC 모멘텀 — CAGR 4.8%, MDD -44.5%, exposure 100%. 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=31, threshold=34
3.2%-8.8%0.460.371.5x23%
ROC 모멘텀
Hold-like · Exposure 100%
n=1, threshold=-0.1
4.8%-44.5%0.310.111.8x3100%
EMA 크로스오버
fast=23, slow=24
2.4%-44.5%0.220.051.3x6547%
SMA 크로스오버
fast=11, slow=50
1.9%-45.0%0.200.041.3x6947%
MACD
fast=13, slow=31, signal=9
1.2%-45.5%0.170.031.2x18250%
Supertrend
period=20, mult=4.1
1.0%-53.3%0.150.021.1x4949%
볼린저 밴드 돌파
n=48, k=1.8
0.9%-53.3%0.140.021.1x5932%
Keltner 채널 돌파
emaPeriod=35, atrPeriod=9, mult=1.6
0.2%-55.1%0.110.001.0x7529%
Donchian 채널 돌파
entryN=16, exitN=36
-0.6%-56.9%0.09-0.010.9x5760%
Parabolic SAR
step=0.025, maxStep=0.36
-4.5%-61.6%-0.11-0.070.6x24049%
Buy and hold6.2%-42.7%0.360.152.1x1100%
1x 2015 2017 2019 2021 2023 2025 ROC 모멘텀ADX / DI 방향성Buy and hold
ADX / DI 방향성 (Sharpe leader), ROC 모멘텀 (CAGR reference), Buy and hold.
0% -11% -22% -33% -45% 2015 2017 2019 2021 2023 2025 Buy and holdROC 모멘텀ADX / DI 방향성
ADX / DI 방향성 maximum drawdown -8.8% (2023-06-20 → 2023-06-27), prior peak not yet recovered.

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 setupMore TW assetsAll asset reports

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