How does DCA Bot work
Last Update há 3 meses
Dollar Cost Averaging (DCA) is an investment strategy that involves buying a specific asset at regular intervals over time, with the aim of reducing the average cost of the investment and minimizing the risk of market volatility.
When investing a lump sum into an asset, there is a risk of buying at a high point in the market and subsequently suffering losses if the price drops. However, with a DCA bot, users can enter a position based on their chosen indicator.
The bot will then take profit if the price hits the target level and begin averaging down if the price drops by the percentage set by the user: