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:
- Total P&L: ₹40,402
- The day appears profitable with consistent gains across most time intervals and SL levels.
- 09:16: Significant profit across all SL levels with a total of ₹10,598.
- 12:15: Moderate gains of ₹3,032, consistent across all SL levels.
- 09:45: Losses recorded at lower SL levels, but breakeven or profitable at higher SLs.
- 13:15: Moderate losses at lower SLs, totaling ₹2,177.
2. Finnifty Short Straddle
Insights:
- Total P&L: ₹17,568
- The day was moderately profitable, with mixed performance across time intervals.
- 09:16: Profitable across all SL levels, contributing ₹8,623.
- 10:45: Moderate profit with a total of ₹1,830.
- 09:45: Losses seen at lower SL levels, with a total loss of ₹1,490.
- 12:45: Consistently poor performance across all SL levels, contributing ₹223 loss.
3. MidcapNifty Short Straddle
Insights:
- Total P&L: ₹37,768
- The day was profitable, with strong gains during the early intervals.
- 09:45: Strong profit across all SL levels, contributing ₹6,385.
- 12:15: Consistent profits across SL levels, with a total of ₹2,198.
- 09:16: High volatility at lower SLs, resulting in ₹3,223.
- 13:15: Mixed results, with lower SLs yielding moderate losses.
4. Nifty Short Straddle
Insights:
- Total P&L: ₹43,616
- A strong performance, particularly during morning intervals.
- 09:16: Significant profit across all SL levels, totaling ₹25,669.
- 10:15: Profitable across all SL levels, contributing ₹3,161.
- 12:15: High volatility led to consistent losses, totaling ₹3,263.
- 13:45: Mixed performance, with moderate losses across lower SL levels.
