Trend-Following Backtester · Guide · backtest 한국어

equity · TW

BizLink Holding Inc. backtest

10 trend-following strategies were compared on the full daily history of BizLink Holding Inc.. 2 beat buy-and-hold CAGR; Parabolic SAR ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Parabolic SAR (CAGR 27.8%, MDD -46.7%).

Data 2011-04-21 ~ 2026-07-31daily bars 3,733 (15.3 years)Costs 0.5%Venue TWSEMonthly snapshot 2026-07-31

Results by strategy

2 of 10 beat buy and hold (CAGR 26.8%, drawdown -66.8%).

Sharpe leader (same as main): Parabolic SAR — CAGR 27.8%, MDD -46.7%, Sharpe 0.94, 52% exposure.

Return/drawdown alternative: Parabolic SAR — CAGR is 1.0%p higher than buy and hold, while drawdown improves by 20.1%p (CAGR 27.8%, MDD -46.7%, exposure 52%).

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
Parabolic SAR
step=0.005, maxStep=0.16
27.8%-46.7%0.940.5942.2x10752%
SMA 크로스오버
fast=53, slow=218
27.5%-48.5%0.840.5740.7x1567%
Supertrend
period=22, mult=4.6
23.4%-49.6%0.820.4724.8x5053%
EMA 크로스오버
fast=56, slow=126
26.4%-48.5%0.810.5435.9x1766%
Donchian 채널 돌파
entryN=49, exitN=76
26.1%-52.1%0.810.5034.4x2570%
볼린저 밴드 돌파
n=51, k=1.7
20.2%-61.1%0.780.3316.6x6839%
ROC 모멘텀
n=93, threshold=-0.04
23.8%-55.2%0.760.4326.2x12369%
Keltner 채널 돌파
emaPeriod=57, atrPeriod=9, mult=3.2
18.0%-53.5%0.750.3412.5x4430%
ADX / DI 방향성
period=46, threshold=11
19.3%-51.8%0.720.3714.8x7145%
MACD
fast=10, slow=47, signal=24
18.6%-58.1%0.710.3213.5x17151%
Buy and hold26.8%-66.8%0.760.4037.6x1100%
1x 10x 2012 2014 2016 2018 2020 2022 2024 2026 Parabolic SARBuy and hold
Parabolic SAR: Solid strategy line versus dashed buy-and-hold line. Log scale.
0% -17% -33% -50% -67% 2012 2014 2016 2018 2020 2022 2024 2026 Buy and holdParabolic SAR
Parabolic SAR maximum drawdown -46.7% (2021-11-05 → 2023-01-31), recovered after 1,102 days.

Rules of the top strategy

Trades around the Parabolic SAR dots that accelerate toward 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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