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 heatmaps today. Let’s understand what we can learn from them.
1. Finnifty Short Straddle:
- Insights:
- Worst SL Levels: SL 30 (-8006), SL 40 (-7509), and SL 50 (-4846) contributed the most to losses.
- Total P&L across all timeframes and SL levels: -31,230.
- Best Timeframe:
- 09:45 shows some profitability (total: +1629) across SL 10, 20, and 30.
- Worst Timeframe:
- 09:16 and 11:15 show the highest losses with totals of -13,550 and -4404, respectively.
2. Midcpnifty Short Straddle:
- Insights:
- Worst SL Levels: SL 40 (-8893), SL 50 (-7413), and SL 60 (-7273) caused significant losses.
- Total P&L across all timeframes and SL levels: -77,310.
- Best Timeframe:
- 11:15 shows some profitability (+795, SL 10) and reduced losses across several SL levels.
- Worst Timeframe:
- 09:16 showed the most significant loss (-19,135).
3. Nifty Short Straddle:
- Insights:
- Best SL Levels: SL 40 and SL 60 provided some profitability during specific timeframes (e.g., 09:45 and 11:15).
- Total P&L across all timeframes and SL levels: -5125.
- Worst Timeframe:
- 10:45 incurred the most significant loss (-5300), especially for SL levels 50, 60, and above.
- Best Timeframe:
- 09:45 and 14:15 show consistent gains (+7363 and +3163, respectively).
4. Banknifty Short Straddle
- Insights:
- Best Time Slot: 9:16, highest profit (7,358), particularly strong at SL 10-40.
- Worst Time Slot: Post-12:15, consistently poor, with 12:45 being the worst (-2,786).
- Morning (9:16-10:15): Most profitable
- Afternoon: Avoid trades post-12:15 due to consistent losses.
- Total Profit: 16,023.
