StockHero Guide
  • Setting Up Your Stock Trading Bot
  • Quick Start Bots
  • Video Gallery
  • Major Updates
    • Achieving ISO27001 Certification
    • StockHero Version 3
    • StockHero V2, The Best Is Not Enough
      • StockHero V2.5
    • StockHero Release Notes
  • Getting started
    • Paper Trading
    • Backtesting
    • Dashboard
    • Portfolio
    • Bots and Deals
    • Bots Processing Priority
    • Strategy Marketplace
    • Deploying A Marketplace Bot
    • SMS Notifications
  • Futures Trading
  • Bot Settings
    • Strategies
    • Trading Parameters
    • Entry / Exit Conditions
    • Advanced Bots
    • DCA Bots
    • Exit Bot
    • Price Bot
    • Grid Bot
    • Sell Bot
    • Momentum Bot
    • Trailing Stoploss
    • Trailing Take Profit
    • Bot's Performance Stats
    • Strategy Designer
  • Technical Indicators
    • Bollinger Band
    • EMA
    • RSI
    • Stoch RSI
    • MACD
    • Volume
    • TradingView
    • Mandatory Indicators
  • Connecting Your Brokerage
    • Supported Brokerages
    • Trading Account Connection
    • TradeStation
    • Webull
  • Wealthsimple
  • FAQ
    • Terminology
    • Frequently Asked Questions
  • Housekeeping
    • Release Notes
    • Terms of Use
    • Official Communities
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  1. Bot Settings

Bot's Performance Stats

Know how good your bots are

StockHero offers traders two of the most common metrics used to track financial performance for an investment: the Sharpe Ratio and the Max Drawdown. In principle, a Sharpe Ratio measures the excess returns above the risk-free rate of return.

The risk-free rate of return is simply the return on the safest type of investment instrument, such as government bonds and fixed deposits. As each country has its own risk-free type of investment return, StockHero allows the user to set the Risk Free Rate of Return in the Settings page.

Go to Settings >> Formula to set your Risk Free Rate.

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Last updated 11 months ago