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 seven eatmaps today. Let’s understand what we can learn from them.

1. BankNifty Short Straddle

Insights:

09:16 performed well with profits of 5,771 at SL=50 and higher. This indicates that early morning slots tend to capture directional moves effectively.
11:15 to 13:45 resulted in significant losses, with losses exceeding -3,000 across SL levels. This period might coincide with low volatility or false breakouts.
Total losses of -23,246 for the day, suggesting inefficiency in the strategy.
SL levels above 50 provided some stability but failed to recover overall losses.

2. FinNifty Short Straddle

Insights:

09:16 yielded 5,573, showing strong early morning performance at SL levels 50 and above.
Midday time slots (12:15 onwards) displayed small but consistent profits across SL levels, indicating FinNifty is less volatile during these hours.
Total profit of 14,291, with profitability increasing with higher SL levels.

3. MidCapNifty Short Straddle

Insights:

12:15 showed strong profitability, yielding 6,650 at SL levels 50 and above.
11:15 incurred significant losses (-2,520) at lower SL levels.
Total profit of 13,470, but performance was inconsistent throughout the day.

4. Nifty Short Straddle

Insights:

12:15 was the standout performer with 22,099 in profits at SL=50.
10:15 incurred significant losses (-48,971) due to high volatility and false signals.
Total losses of -42,761, with mixed results depending on SL levels and time slots.

5. BankNifty Short Straddle (Time Period)

Insights:

09:16 continued to perform well, generating 4,163 in profits at SL=50 and above.
Most other time slots, especially 10:15 to 13:45, showed consistent losses.
Total losses of -4,526, indicating the strategy struggled on this day.

6. FinNifty Short Straddle (Time Period)

Insights:

10:45 generated profits of 4,724, highlighting a midday opportunity for this instrument.
Most slots displayed minor but stable profits, especially with SL levels above 30.
Total profit of 17,114, making it the most consistent performer for the day.