The new BluSky Dashboard now contains a diverse set of metrics to bolster your trading experience as a BluSky Trader. Let's break down each metric so that you are best aware of your trading stats and progress! 🚀
This is your Balance Metric - This reflects your current account balance reflecting all realized profits and losses from closed trades:
This is your Equity Metric - This reflects your current account equity, including unrealized profits and losses from open trades. NOTE: If you have no open trades, the Balance and Equity metrics will be equal:
This is your Consistency Metric - This reflects your current consistency of your trading performance and reflects the average profit per trade:
This is your Total P&L Metric - This reflects your Total Profit and Loss across all closed trades and represents the cumulative financial result of your trading activity:
This is your Profit Factor Metric - This reflects the ratio of total gross profit to total gross loss. A profit factor above 1.0 indicates profitable trading, while below 1.0 indicates losses:
This is your Average Winning Trade Metric - This reflects the average profit per winning trade. This metric helps you understand the typical size of your profitable trades:
This is your Average Losing Trade Metric - This reflects the average loss per losing trade. This metric helps you understand the typical size of your losing trades and manage risk:
This is your Win Rate Metric - This reflects the percentage of winning trades versus losing trades. A higher winrate indicates more successful trades relative to total trades:
This is your Number of Trades Taken Metric - This reflects the total number of trades executed. This metric shows your trading activity level and helps assess consistency:
This is your Profit/Loss Per Trade Metric - This is a visual breakdown of profit and loss distribution across your trades. The progress bar shows the win rate, while the chips display total profit and loss amounts:
This is your Risk-to-Reward Metric - This reflects the ratio comparing average profit per winning trade to average loss per losing trade. A ratio above 1:1 means you're earning more on wins than losing on losses:
This is your Daily Drawdown Level Metric - The daily drawdown is the maximum loss experienced in a single day. It is calculated as the difference between the highest equity value reached on a given day and the equity value at the end of that day:
This is your Maximum Drawdown Level Metric - The maximum drawdown is the maximum overall loss that your account can experience:
This is your Target Profit Level Metric - This is your target profit goal for your trading account:
This is your Edge Score Metric - This is a composite metric combining win rate, average loss/win ratio, and profit factor. Higher scores indicate stronger trading performance across multiple dimensions.
This is your Equity Line Metric - This is a visual representation of your account equity over time, showing how your account value has changed with each trade.
This is your Daily Net Cumulative P&L Metric - This reflects the cumulative profit and loss over time, showing the running total of your trading performance day by day:
All in all, these metrics are available to allow you to interpret and build upon your trading statistics further.
Happy Trading! 🚀