Trend-Following Backtester · Guide · backtest 한국어

equity · TW

Holy Stone Enterprise Co., Ltd. backtest

10 trend-following strategies were compared on the full daily history of Holy Stone Enterprise Co., Ltd.. 1 beat buy-and-hold CAGR; Supertrend ranks first by Sharpe, matching the main backtester.

Data 2000-01-14 ~ 2026-07-31daily bars 6,600 (26.5 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

1 of 10 beat buy and hold (CAGR 16.6%, drawdown -75.0%).

Sharpe leader (same as main): Supertrend — CAGR 18.0%, MDD -72.1%, Sharpe 0.68, 57% exposure.

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
Supertrend
period=5, mult=5
18.0%-72.1%0.680.2580.7x7057%
SMA 크로스오버
fast=8, slow=140
13.7%-63.9%0.600.2230.5x6946%
EMA 크로스오버
fast=41, slow=47
12.9%-74.4%0.560.1725.2x7150%
Donchian 채널 돌파
entryN=54, exitN=48
12.0%-63.2%0.530.1920.2x5252%
Parabolic SAR
step=0.015, maxStep=0.32
10.5%-81.4%0.500.1314.1x37051%
MACD
fast=21, slow=30, signal=18
10.3%-66.8%0.490.1513.4x27252%
ADX / DI 방향성
period=25, threshold=15
10.1%-67.5%0.490.1512.9x20843%
ROC 모멘텀
n=96, threshold=0.01
9.5%-67.6%0.470.1411.1x19747%
볼린저 밴드 돌파
n=31, k=1.1
7.7%-78.4%0.410.107.1x23242%
Keltner 채널 돌파
emaPeriod=45, atrPeriod=28, mult=3.3
6.4%-73.9%0.380.095.2x8026%
Buy and hold16.6%-75.0%0.600.2258.4x1100%
1x 10x 100x 2001 2005 2009 2013 2017 2021 2025 SupertrendBuy and hold
Supertrend: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -19% -37% -56% -75% 2001 2005 2009 2013 2017 2021 2025 Buy and holdSupertrend
Supertrend maximum drawdown -72.1% (2018-07-04 → 2025-04-08), recovered after 2,864 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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