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.
1. BankNifty Short Straddle
Insights:
- 09:16 was the most profitable, yielding 6,584 with consistent performance at SL=40 and above.
- 12:15 resulted in significant losses, with -3,708 across all SL levels.
- Time slots from 11:15 to 13:45 showed persistent losses, suggesting inefficiency during midday trading hours.
- Total loss of -3,020, with profits concentrated in the morning and losses dominating the midday sessions.
2. FinNifty Short Straddle
Insights:
- 11:45 delivered strong profits of 2,925 across all SL levels.
- 12:15 showed the most significant losses, with -1,448 at SL=10 and moderate losses across higher SL levels.
- Time slots after 13:15 contributed modest but consistent profits, indicating stability during these hours.
- Total profit of 9,689, making it a more stable instrument compared to others.
3. MidCapNifty Short Straddle
Insights:
- 12:45 yielded 3,875, the highest profit of the day, at SL=50 and above.
- 09:16 resulted in the largest losses, with -2,808 at lower SL levels.
- Late morning and midday slots like 11:15 to 13:45 showed moderate but consistent profits, with minimal losses.
- Total profit of 15,675, indicating strong potential for this strategy.
4. Nifty Short Straddle
Insights:
- 10:45 generated 9,983, indicating potential for profits in this time slot.
- 09:45 incurred heavy losses, with -32,689 across all SL levels, likely due to high volatility and false breakouts.
- Slots like 13:15 showed modest recovery with 3,668 in profits, particularly at SL=50 and above.
- Total loss of -78,754, making it the worst-performing instrument for the day.
