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Direxion Daily FTSE China Bull 3X ETF backtest

10 trend-following strategies were compared on the full daily history of Direxion Daily FTSE China Bull 3X ETF. 10 beat buy-and-hold CAGR; EMA 크로스오버 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is ADX / DI 방향성 (CAGR 2.3%, MDD -46.7%).

Data 2009-12-03 ~ 2026-07-31daily bars 4,189 (16.7 years)Costs 0.5%Venue XASEMonthly snapshot 2026-07-31

Results by strategy

10 of 10 beat buy and hold (CAGR -17.5%, drawdown -99.0%).

Sharpe leader (same as main): EMA 크로스오버 — CAGR 2.1%, MDD -72.1%, Sharpe 0.27, 43% exposure.

CAGR reference leader: ADX / DI 방향성 — CAGR 2.3%, MDD -46.7%, exposure 6%.

Return/drawdown alternative: ADX / DI 방향성 — CAGR is 19.6%p higher than buy and hold, while drawdown improves by 26.9%p (CAGR 2.3%, MDD -46.7%, exposure 6%).

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
EMA 크로스오버
fast=39, slow=40
2.1%-72.1%0.270.031.4x5243%
Supertrend
period=29, mult=4.9
1.7%-76.5%0.250.021.3x6539%
SMA 크로스오버
fast=13, slow=90
0.1%-76.2%0.230.001.0x5443%
ADX / DI 방향성
period=8, threshold=40
2.3%-46.7%0.220.051.5x686%
Donchian 채널 돌파
entryN=89, exitN=78
-1.3%-86.4%0.21-0.020.8x2246%
볼린저 밴드 돌파
n=65, k=1.4
-0.5%-60.1%0.18-0.010.9x6832%
Parabolic SAR
step=0.005, maxStep=0.22
-3.7%-92.8%0.17-0.040.5x13748%
Keltner 채널 돌파
emaPeriod=31, atrPeriod=24, mult=2.8
0.2%-72.7%0.160.001.0x7319%
ROC 모멘텀
n=244, threshold=-0.01
-3.1%-86.8%0.15-0.040.6x9841%
MACD
fast=29, slow=41, signal=23
-6.3%-95.7%0.14-0.070.3x14154%
Buy and hold-17.5%-99.0%0.14-0.180.0x1100%
0.1 1x 2010 2013 2016 2019 2022 2025 ADX / DI 방향성EMA 크로스오버Buy and hold
EMA 크로스오버 (Sharpe leader), ADX / DI 방향성 (CAGR reference), Buy and hold.
0% -25% -49% -74% -99% 2010 2013 2016 2019 2022 2025 Buy and holdADX / DI 방향성EMA 크로스오버
EMA 크로스오버 maximum drawdown -72.1% (2021-02-17 → 2025-04-08), prior peak not yet recovered.

Rules of the top strategy

Uses two exponential averages (more weight on recent prices) and trades their crossover.

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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