Consistent averaging, boosted gains

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Mid-term | Progressive

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What’s a spot DCA bot?

A spot dollar-cost averaging (DCA) bot is an automated trading tool designed to gradually build or exit a cryptocurrency position in the spot market.

Instead of executing a single large trade, the bot breaks the total amount into smaller transactions at multiple price levels. This strategy seeks to lower the average purchase price when buying or to increase the average selling price when exiting a position.

About this bot

DCA is a simple and effective strategy that involves buying specific assets at intervals to spread your positions across multiple price levels.

By focusing on the long term and averaging your buy or sell prices, you reduce the risk of making poor decisions during market highs or lows.

Case study
Start

On September 1, 2024, with BTC priced at 58,000 USDT and cautious market sentiment, Lucy, an ordinary investor optimistic about BTC’s long-term value, initiated a spot DCA bot with 1,000 USDT. She established parameters to automatically execute purchases every time the price decreases by 2%, targeting an overall profit of 5%.

Market movements

On September 4, 2024, BTC’s price fell to 56,000 USDT, prompting the spot DCA bot to buy BTC with 1,000 USDT.

On September 6, the price declined further to 52,644 USDT, triggering three automatic purchases throughout the day.

By September 13, as BTC rebounded to 57,030 USDT, the overall holdings achieved a 5% profit, leading to the sale of all BTC under the spot DCA bot.

Payoff

Due to ongoing purchases at lower prices, Lucy’s average buying cost is reduced, allowing her to achieve a 5% profit even though the BTC price remains below the initial 58,000 USDT. The bot continues to operate automatically, positioning Lucy to take advantage of future market dips.

Had Lucy put the entire 3,000 USDT into a single trade when BTC was priced at 27,000 USDT, she would have acquired 0.111 BTC, which would be worth 3,111 USDT by the end of week 4.

Bot setup

Zero profit sharing

Zero management fees

1.Each bot already has default settings. Simply enter how much you want to trade to create your bot.
2.These settings are either sourced from carefully-selected traders or generated by AI using backtested data. Note that this does not constitute any investment advice, and profits and losses are your own responsibility.
3.You can edit the settings to match your own trading strategy.
4.You can learn more about bot runtimes and risk ratings in our .

FAQ

Are there extra charges when using this bot?

This bot doesn’t charge profit share like copy trading, and doesn’t charge any management fees. However, for ordinary transactions that occur when buying low and selling high, the platform will charge transaction fees, and the specific rate is consistent with manual trading.

Will I always get high returns?

The historical performance of a bot is not a guarantee of future returns. Future returns from this bot may be higher or lower than historical backtested results, as market conditions and other factors affect actual performance.

Where can I view the bot’s settings?

You can view the bot’s settings in the order chart of each bot, and also under “Bot details” when creating a bot. If any of the settings don’t align with your strategy or risk tolerance, you can manually edit them.

What are the advantages of spot DCA bots?

1.Lower average cost: Consistently buying assets at different price levels helps lower your overall average cost.
2.Mitigation of market volatility: DCA bots help cushion the impact of market fluctuations, reducing the effects of short-term price swings.

What are the risks of spot DCA bots?

1.In a prolonged downtrend, consistently buying assets can lead to accumulating losses over time.
2.Keeping funds on hold while waiting to act at different intervals could mean missing out on higher potential returns.