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:
- Significant losses during 9:16 AM (-1914 to -3640) but recovered to profit later in the day, especially during the 11:15 AM to 12:15 PM time slots (consistent profits across higher SL values, e.g., 2247 at SL 40).
- Post 1:15 PM, there is stability, but profits are smaller compared to the earlier trend.
- Total for the day: 94,584 indicates overall strong performance with consistent profitability in higher SL settings (e.g., 60, 70, 80).
FinNifty Short Straddle
Insights:
- Strong positive trends throughout the day, starting with 2,163 (SL 30) at 9:16 AM.
- The most consistent profits are from 9:45 AM to 11:45 AM, with all SL levels performing positively. SL levels between 40–70 yield stable returns.
- Smaller losses occur during the later sessions (1:15 PM onwards).
- Total for the day: 112,853. It’s an impressive performance with few red zones.
MidCapNifty Short Straddle
Insights:
- Significant losses observed in early slots (9:16 AM to 10:45 AM) with larger SL values (e.g., -2,535 at SL 60).
- Recovery starts from 11:15 AM, with consistent profitability across SL levels until 12:45 PM.
- Consistency is observed in SL levels of 40–60 during later sessions.
- Total for the day: 95,458 reflects the day's strong profitability despite the early losses.
Nifty Short Straddle
Insights:
- Mixed performance across time slots, with heavy losses during 10:45 AM (-4,504 at SL 90) and 11:15 AM.
- Recovery is seen towards the later part of the day, particularly from 12:45 PM onwards, where profits are stabilized at lower SL levels.
- Highest total for the day compared to other instruments: 160,016. However, the earlier losses temper overall gains.
