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:
- 10:45 and 11:15 performed exceptionally well, with profits of 13,655 and 13,508, respectively, at SL=50 and above.
- 09:16 and 09:45 incurred significant losses, with -3,237 and -3,421 at SL=20.
- Time slots like 12:15 and 12:45 provided consistent smaller profits, around 7,611 at SL=50.
- Total profit of 97,218, driven primarily by mid-morning slots.
2. FinNifty Short Straddle
Insights:
- 10:45 and 11:15 were the most profitable, with 11,749 and 11,203, respectively, at SL=50 and above.
- 09:16 and 09:45 showed losses of -2,718 and -2,300, respectively, at SL=20.
- Slots after 12:15 yielded smaller but steady profits, averaging 7,000.
- Total profit of 82,823, with strong performance across midday slots.
3. MidCapNifty Short Straddle
Insights:
- 10:15 and 10:45 delivered strong results, with profits of 9,318 and 7,018, respectively, at SL=50.
- 09:16 incurred heavy losses of -9,018 across all SL levels.
- Mixed performance during midday slots like 12:15, with small profits or losses depending on SL levels.
- Total profit of 44,733, highlighting the potential for selective trading.
4. Nifty Short Straddle
Insights:
- 10:45 delivered the highest profit, with 30,870 at SL=50 and above.
- 09:16 and 09:45 incurred heavy losses, with -7,639 and -7,166 at SL=20.
- Slots like 11:15 and 12:45 showed consistent profitability, averaging 11,000–12,000.
- Total profit of 120,540, making it the best-performing instrument for the day.
