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. Banknifty Short Straddle:
Insights:
- Performance: Moderate overall with a total profit of ₹29,687.
- Best slots: 09:45 (₹4,631), 10:15 (₹3,471), and 12:45 (₹5,387).
- Worst slots: 11:15 (-₹2,765) and 11:45 (-₹2,758), showing consistent losses mid-morning.
- SL Levels: Lower SL (10) introduces significant losses in some slots (e.g., -₹2,833 at 09:16).
2. Finnifty Short Straddle:
Insights:
- Performance: Poor overall with a total loss of ₹-19,936.
- Best slots: 12:45 (₹1,764) and 13:15 (₹1,496).
- Worst slots: 09:16 (-₹15,799) and 10:15 (-₹2,791), showing heavy losses early in the session.
- SL Levels: Higher SL levels (50–100) marginally reduce the extent of losses but do not turn them into profits.
3. Midcpnifty Short Straddle:
Insights:
- Performance: Very poor overall with a total loss of ₹-63,445.
- Best slots: 09:45 (₹2,925) and 10:15 (₹2,560), but these gains are overshadowed by losses in later slots.
- Worst slots: 12:45 (-₹10,565) and 13:15 (-₹9,075), showing significant losses during the afternoon.
- SL Levels: Losses are consistent across all SL levels after the morning session.
4. Nifty Short Straddle:
Insights:
- Performance: Strong overall with a total profit of ₹2,23,624.
- Best slots: 10:15 (₹34,193), 10:45 (₹33,825), and 12:45 (₹30,135).
- Worst slots: 11:15 (-₹439) and 13:45 (₹210), though these are minor relative to the overall gains.
- SL Levels: Profits remain consistent across all SL levels, indicating robust performance regardless of stop-loss configurations.
