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.
BankNifty Short Straddle
Insights:
- Total profit of ₹11,313.
- The strategy struggles early in the day (09:16 to 10:45), with significant losses, particularly at 09:16 (-₹6,242).
- A notable recovery occurs from 11:15 onwards, with consistent profits peaking at 13:15 (+₹7,505).
- Stop Loss (SL) between 50 and 100 performs better consistently compared to lower SL values.
FinNifty Short Straddle
Insights:
- Loss of ₹6,060.
- The early hours (09:16 to 10:15) show significant losses, particularly at 09:16 (-₹6,400).
- Recovery starts at 11:15 with marginal but positive returns.
- Stop Loss of 60 shows consistent minimal losses, while lower SLs amplify losses.
MidCapNifty Short Straddle
Insights:
- Loss of ₹17,753.
- Consistent losses across all time intervals, with no significant recovery phase.
- Early sessions (09:16 to 11:15) show the steepest drawdowns, especially at 09:16 (-₹5,923).
- Stop Loss between 50 and 70 shows less severe losses but still fails to break even.
Nifty Short Straddle
Insights:
- Profit of ₹116,276.
- Strong performance throughout the day, with consistent gains across all SL levels.
- Maximum gains were observed at 11:15 (+₹25,706), with excellent results across all SLs.
- SL 60 and 70 consistently outperform, providing significant returns across multiple time slots.
