Mastering the Dashboard: Key Metrics Explained

Your TradingMaster dashboard is the cockpit of your trading operation. It provides real-time data on how your bots are performing, but are you reading the instruments correctly? Let's decode the key metrics.

1. Total P/L (Profit/Loss)

This is the headline number—your net profit or loss across all active and closed trades.

• Realized P/L: Cash that is safely back in your balance.
• Unrealized P/L: The current value of open positions. Remember: It's not profit until you sell.

2. Win Rate %

A high win rate (e.g., 80%) feels good, but it's not everything. A bot can have a 90% win rate but still lose money if its few losses are catastrophic.

• Context Matters: Always pair Win Rate with Risk/Reward Ratio. Read more in our Risk Management Guide.

3. Max Drawdown

This metric scares many new traders, but it's vital. It measures the largest drop from a peak to a trough in your portfolio value.

• Low Drawdown (<5%): Conservative, steady growth (typical of Grid Bots).
• High Drawdown (>15%): Aggressive, potentially higher reward but higher risk.

4. AI Confidence Score

You'll see a small percentage (0-100%) next to active signals. This is our AI Confidence Score.

• >80%: The AI sees a strong convergence of indicators (RSI, MACD, Sentiment).
• <50%: The market is ambiguous.
• Curious how this is calculated? Read Understanding AI Confidence Scores.

5. Active Trades vs. Pending Orders

• Active: Funds are currently in the market.
• Pending: Limit orders waiting to be filled (common in Grid Trading).

Conclusion

A professional trader doesn't obsess over every tick. They look effectively at these aggregate metrics to make data-driven decisions. Use your dashboard to spot trends in your own performance, and adjust your strategies accordingly.