DCA (Dollar Cost Averaging)
Last updated
Last updated
Dollar Cost Averaging (DCA) is an investment strategy where the bot automatically purchases a coin at regular intervals over a set period of time. This approach helps you spread out your investment, reduce exposure to market swings, and minimize the impact of volatility by averaging your entry price. It also helps you avoid emotional trading decisions by sticking to a consistent buying plan. The DCA feature is ideal for gradually building your position in a coin while managing risk effectively.
Firstly you need to select the amount of $SOL you want to spend on the order. You can tap one of the preselected amounts or you can click the xSol button and input a custom amount. This way you can make sure you don't spend more than you are planning to.
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Sets how long the DCA order will remain active.
Use M for minutes, H for hours, and D for days to set the duration.
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Determines how often the bot will execute a buy during your set duration.
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Stops the bot from buying if the coin’s price falls below this value. This ensures you don’t continue buying during a significant price drop.
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Stops the bot from buying if the coin’s price rises above this value. This ensures you avoid overpaying as the price increases.
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Once all the settings are configured, press Place Order to start the DCA process. The bot will then automatically buy the coin at your chosen intervals within your set parameters. You can track and manage your active DCA orders anytime via the Orders tab in the menu.
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