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.
BankNifty Short Straddle:
Insights:
- The 09:16 slot was the most profitable with a total profit of 16,268 across all SL levels.
- Profits stabilize at higher SL levels (40–100), with total profits around 7,208 for these levels.
- Total cumulative profit across all slots is 58,844, indicating strong potential when combined with disciplined SL management and early entry times.
FinNifty Short Straddle:
Insights:
- The 09:16 slot performed well, generating 8,411 with higher SL levels.
- Slots after 11:15 showed reduced profitability or minor losses, with a cumulative total for this slot at 2,483.
- Total cumulative profit is 33,519, with higher SL levels (30–100) offering better consistency.
MidCapNifty Short Straddle:
Insights:
- Total cumulative loss is -30,768.
- The 12:15 slot shows minor profitability at higher SL levels (e.g., SL = 50) with a total of 4,545.
- The 11:15 slot incurred the highest losses, with cumulative losses exceeding -5,000.
Nifty Short Straddle:
Insights:
- The 09:16 slot leads with a cumulative profit of 63,660, particularly at higher SL levels (50–100).
- SL levels above 30 show consistent results across all time slots.
- Total cumulative profit is 150,900, making it the best-performing instrument for the day.
