Daily Straddle Heatmap
AlgoTest heatmaps make it easier for you to understand a clear picture of your trading performance. These heatmaps visually represent data like time, performance metrics, and win rates. Think of them as a map highlighting where your strategies work best and where they stumble. For example, a heatmap might reveal that trades during certain hours of the day consistently yield higher profits.
We are taking four eatmaps today. Let’s understand what we can learn from them.
1. BankNifty Short Straddle
Insights:
- 09:16 was the most profitable, yielding 9,566 at SL=10 and above.
- 10:15 and 10:45 incurred significant losses, with -5,038 and -4,996, respectively, at SL=20.
- Post 13:15, the strategy stabilized, yielding profits between 2,242 to 3,933 at SL=40 and above.
- Total profit of 32,706, driven primarily by the early morning slot and post-midday stabilization.
2. FinNifty Short Straddle
Insights:
- 09:16 and 09:45 delivered strong profits, with 6,536 and 6,565, respectively, at SL=10 and above.
- 10:15 and 10:45 resulted in moderate losses, with -1,931 and -1,910, respectively, at SL=10.
- Post 11:15, the strategy showed steady gains, with profits averaging 2,500 across SL levels.
- Total profit of 32,255, indicating strong overall performance.
3. MidCapNifty Short Straddle
Insights:
- 09:45 showed the highest profitability, with 8,550 at SL=50 and above.
- 10:15 and 10:45 incurred heavy losses, with -3,960 and -4,755, respectively, at SL=20.
- Most slots post 11:15 showed mixed results, with small losses or negligible gains.
- Total loss of -13,728, highlighting the inefficiency of this strategy on this instrument.
4. Nifty Short Straddle
Insights:
- 11:15 yielded exceptional profitability, with 18,098 across SL levels.
- 09:16 and 09:45 resulted in significant losses, with -5,306 and -5,670, respectively, at SL=20.
- Slots post 12:45 showed moderate recovery, with profits averaging 6,500 at SL=50 and above.
- Total profit of 95,216, driven primarily by mid-morning and midday slots.
