For everyone using a trading bot, the ability to optimize strategies and fine-tune their trading approach is crucial. One of the metrics that can help with this is Daily Realized PnL per $1k. If you've checked out the 'Compare Pairs' table on the main dashboard on one of the latest Gunbot alpha builds, you've probably noticed this new metric already. But what does it mean, and why is it useful?
In this post, we'll explore how this metric works, why it's useful for comparing different trading pairs and strategies, and how you can leverage it for better trading decisions. Let’s keep it real and dive straight into the math that makes this metric interesting.