Trend-Following Backtester · Guide · backtest 한국어

equity · TW

WPG Holding Co Ltd backtest

10 trend-following strategies were compared on the full daily history of WPG Holding Co Ltd. 9 beat buy-and-hold CAGR; Donchian 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is EMA 크로스오버 (CAGR 7.7%, MDD -49.7%).

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

9 of 10 beat buy and hold (CAGR 2.8%, drawdown -94.2%).

Sharpe leader (same as main): Donchian 채널 돌파 — CAGR 10.8%, MDD -57.5%, Sharpe 0.53, 48% exposure.

Return/drawdown alternative: EMA 크로스오버 — CAGR is 8.0%p higher than buy and hold, while drawdown improves by 36.7%p (CAGR 7.7%, MDD -49.7%, exposure 47%).

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=41, exitN=34
10.8%-57.5%0.530.1915.3x7948%
SMA 크로스오버
fast=25, slow=58
10.7%-60.7%0.520.1815.1x11651%
Supertrend
period=14, mult=4.7
9.7%-56.6%0.480.1711.8x8952%
ADX / DI 방향성
period=33, threshold=13
8.7%-61.2%0.470.149.1x17740%
Keltner 채널 돌파
emaPeriod=34, atrPeriod=11, mult=2.1
7.8%-54.3%0.460.147.4x13832%
볼린저 밴드 돌파
n=39, k=1.8
7.5%-55.1%0.440.146.9x13234%
EMA 크로스오버
fast=53, slow=192
7.7%-49.7%0.440.167.2x2947%
ROC 모멘텀
n=71, threshold=0.03
6.1%-66.0%0.360.094.8x25943%
Parabolic SAR
step=0.01, maxStep=0.3
5.4%-62.7%0.330.094.0x31651%
MACD
fast=24, slow=59, signal=22
2.4%-83.6%0.230.031.9x22053%
Buy and hold2.8%-94.2%0.270.032.1x1100%
1x 10x 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% -24% -47% -71% -94% 2001 2005 2009 2013 2017 2021 2025 Buy and holdDonchian 채널 돌파
Donchian 채널 돌파 maximum drawdown -57.5% (2002-03-11 → 2006-07-31), recovered after 1,911 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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