Trend-Following Backtester · Guide · backtest 한국어

equity · TW

SinoPac Financial Holdings Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of SinoPac Financial Holdings Co., Ltd.. 3 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Donchian 채널 돌파 (CAGR 6.4%, MDD -43.7%).

Data 2000-01-04 ~ 2026-07-31daily bars 6,608 (26.6 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

3 of 10 beat buy and hold (CAGR 4.7%, drawdown -78.7%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 6.4%, MDD -43.7%, Sharpe 0.40, 66% exposure.

Return/drawdown alternative: Donchian 채널 돌파 — CAGR is 1.7%p higher than buy and hold, while drawdown improves by 35.0%p (CAGR 6.4%, MDD -43.7%, exposure 66%).

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
Donchian 채널 돌파
entryN=56, exitN=78
6.4%-43.7%0.400.155.2x4366%
EMA 크로스오버
fast=26, slow=91
5.0%-52.3%0.350.103.7x6960%
SMA 크로스오버
fast=59, slow=130
4.9%-58.8%0.340.083.5x4959%
볼린저 밴드 돌파
n=52, k=2.1
2.9%-34.7%0.260.082.2x9330%
Supertrend
period=11, mult=4.8
2.9%-55.1%0.240.052.1x9355%
ROC 모멘텀
n=77, threshold=-0.04
2.6%-68.9%0.230.042.0x25370%
Keltner 채널 돌파
emaPeriod=48, atrPeriod=28, mult=2.3
2.3%-55.5%0.220.041.8x12135%
ADX / DI 방향성
period=30, threshold=27
0.3%-32.2%0.080.011.1x318%
MACD
fast=17, slow=52, signal=18
-1.5%-62.4%0.03-0.020.7x28451%
Parabolic SAR
step=0.005, maxStep=0.34
-2.4%-78.3%-0.02-0.030.5x20251%
Buy and hold4.7%-78.7%0.300.063.4x1100%
1x 2001 2005 2009 2013 2017 2021 2025 Donchian 채널 돌파Buy and hold
Donchian 채널 돌파: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -20% -39% -59% -79% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -43.7% (2002-04-22 → 2003-08-08), recovered after 681 days.

Rules of the top strategy

A new high means a trend starting; a new low means it’s over (turtle-trading style).

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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