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:
- 14:15 and 14:45 provided strong profitability, with 7,481 and 3,210, respectively, at SL=50 and above.
- 10:15, 10:45, and 11:45 incurred heavy losses, averaging -3,000 across SL levels.
- Midday slots like 12:15 and 12:45 showed marginal gains or losses, indicating no clear trend.
- Total profit of 5,993, primarily driven by the late afternoon recovery.
2. FinNifty Short Straddle
Insights:
- 14:15 and 14:45 were the most profitable, with 4,655 and 2,675, respectively, at SL=50 and above.
- 11:15 and 12:45 incurred significant losses, with -1,716 and -2,555, respectively, at SL=20.
- Early slots like 09:16 showed small but steady profits, averaging 776.
- Total profit of 4,356, driven primarily by the afternoon recovery.
3. MidCapNifty Short Straddle
Insights:
- 13:15 and 13:45 yielded consistent gains, with 2,898 and 2,688, respectively, at SL=50.
- 11:15 and 11:45 incurred significant losses, with -1,795 and -1,778, respectively, at SL=20.
- Mixed performance during midday slots, with small profits or losses depending on SL levels.
- Total profit of 11,220, highlighting potential in select time slots.
4. Nifty Short Straddle
Insights:
- 09:16 and 10:45 delivered the highest profitability, with 31,174 and 11,719, respectively, at SL=50.
- 13:15 and 13:45 incurred heavy losses, with -1,804 and -4,350, respectively, at SL=20.
- Afternoon slots like 14:15 and 14:45 showed small but steady gains, averaging 1,000.
- Total profit of 112,853, making it the best-performing instrument for the day.
