What is DCA Bot?
DCA means Dollar Cost Averaging, the aim of the dca bot is buys or sells smaller amounts of an asset over a setted percentage to reducing/averaging order entry price.
Initial Order Investment
Initial order investment decided the first order investment when DCA bot start.
DCA Orders
If market moves in the opposite, each DCA order is executed one by one to average the buy or sell price.
Take Profit
Set a profit target for your order using take-profit function and ensure a profit to manage the risk.
Stop Loss
Stop Loss protect from unpredicted market movment and gives you minimum loss.
Take-Profit Trailling
Take-Profit trailling helps to increase Take-Profit price to gives maximum possible profit.
Loop
Once take-profit target is hit and the loop is enabled, same DCA trading bot strategy will start automatically again.
Is DCA trading bot beneficial for beginner?
Yes, the DCA trading bot always tries to average the initial order price and hit targeted take-profit. That is the reason DCA trading bot beneficial for beginner.
THE EVOLUTION
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