If you’re running a trading bot, you know that squeezing the most out of your strategy is the name of the game. But let’s face it — traditional metrics can be a headache to interpret. That’s where the Daily Realized PnL per $1k comes in. It’s a straightforward, dollar-based metric that makes it easy to see what’s really working. You might have spotted it on the Gunbot dashboard’s ‘Compare Pairs’ table if you’re using the latest preview releases. But what exactly does it mean, and why should you care?
Let’s break it down.
What is “Daily Realized PnL per $1k”?
The Daily Realized PnL per $1k metric tells you how much profit or loss you’re making each day for every $1,000 invested. Unlike more abstract metrics like ROI or win rate, this is a simple dollar value — so it’s much easier to understand and use for comparing different strategies.
The big advantage? It gives you a clear, standardized view of your performance. No matter how much capital you’re working with, this metric normalizes everything to a $1,000 base, making it easy to see what’s really working and what isn’t.
How Does It Work?
This metric focuses on *realized* profit and loss, meaning it only counts trades that are fully completed. No guessing based on open positions — just real profits or losses. This approach gives you a realistic snapshot of how well each trading pair or strategy is performing.
To make comparisons easy, the results are adjusted for a $1,000 investment. If you see a value like $10 per day per $1,000, that’s exactly what it means: you’re making $10 each day for every $1,000 invested. This makes it super easy to see which strategies are outperforming others, without needing to factor in complex math or varying capital allocations.
Why Should You Care About This Metric?
1. Easy Comparisons Across Strategies
If you’re running multiple trading strategies or pairs, it’s often tricky to know which one is truly better. Different pairs have different levels of volatility and risk, making it hard to compare directly. With Daily Realized PnL per $1k, you get a straightforward metric that levels the playing field. You can easily see which strategy makes more profit per $1,000 and make decisions accordingly.
2. Real Dollar Value Makes It Clear
A lot of trading metrics are based on percentages, and sometimes those percentages don’t really resonate. What’s more meaningful: hearing you have an ROI of 3% or knowing you’re making $8 per day per $1,000? The latter is easier to grasp and gives a much better feel for how a strategy could scale with more capital.
3. Capital Efficiency Insights
This metric doesn’t just show you profit — it shows you efficiency. By normalizing results to a $1,000 base, it lets you see if your capital is being used wisely. A strategy might be making good returns overall, but if it’s tying up a huge amount of capital for minimal gains, Daily Realized PnL per $1k will reflect that inefficiency. This can help you decide if a different strategy would give you better bang for your buck.
Practical Example: Picking the Better Strategy
Let’s say you’re comparing two strategies:
– Strategy A has a daily net profit of $50 with $5,000 invested.
– Strategy B has a daily net profit of $25 with $2,000 invested.
If you only look at net profit, Strategy A looks better. But using Daily Realized PnL per $1k:
– Strategy A: ($50 / $5,000) * 1,000 = $10 per day per $1k.
– Strategy B: ($25 / $2,000) * 1,000 = $12.50 per day per $1k.
It turns out Strategy B is actually more efficient, making more money relative to the capital invested. This insight can be crucial for deciding where to allocate your funds.
Finding the Metric in Gunbot
You can find Daily Realized PnL per $1k in the ’Compare Pairs’ table on the main dashboard of Gunbot. Note that this metric is currently available in Gunbot preview releases only, so if you haven’t updated recently, you might not see it yet. This tool breaks down all your active pairs and shows key performance indicators, including the Daily Realized PnL per $1k column. This gives you a simple, apples-to-apples comparison of your trading pairs, helping you decide where to double down and where to make adjustments.
Making Better Trading Decisions
– Spot Top Performers: Use this metric to identify which pairs or strategies are delivering the best returns per $1,000 of capital. It’s a great way to quickly highlight top performers.
– Reallocate Capital: If you find a strategy consistently generating higher returns per $1,000, consider reallocating your capital to take advantage.
– Track Changes Over Time: Watch how Daily Realized PnL per $1k shifts over time. A sudden drop could indicate it’s time to tweak a strategy.
Wrapping Up
The Daily Realized PnL per $1k is a powerful metric for traders who want an easy way to compare multiple trading strategies. It translates performance into a concrete dollar value, making it intuitive and actionable. Whether you’re a new trader or experienced, using this metric can help you make smarter, data-backed decisions.
Check out the ‘Compare Pairs’ table next time you’re in Gunbot, and see how Daily Realized PnL per $1k can help optimize your strategy. Keeping it simple means making better choices, faster.
Comparing Trading Bot Performance with the “Daily Realized PnL per $1k” Metric was originally published in Mastering Gunbot: Tips and Tutorials from gunbot.com on Medium, where people are continuing the conversation by highlighting and responding to this story.
Mastering Gunbot: Tips and Tutorials from gunbot.com – Medium
