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DCA (Dollar Cost Averaging)

DCA (Dollar Cost Averaging) is used to make additional purchases when the price falls. This allows you to reach a lower average price per unit when prices move down, making for a lower possible profitable sell price.

Enabling DCA

  1. Open DCA Tab: Click on the DCA tab for the desired pair in the trading settings.
  2. Activate DCA: Enable DCA enabled.

  3. Select DCA Options:

    • Use Martingale DCA: If enabled, Martingale DCA will be used. Martingale DCA always buys the same amount of quote that you already have.
      • Example: If you have $20 worth of BTC/USDT, the next Martingale DCA order will buy another $20 worth of BTC/USDT.
      • If the Martingale DCA Multiplier under Balance settings is set to 1, each subsequent order will buy the same amount of quote as you already have, effectively doubling your position with each order.

    Danger

    Martingale DCA can be a high-risk strategy, but it can help recover losses more quickly if the price rebounds.

    • DCA when -x%: Buy when the whole trade is -x% in the minus.
      • -x%: Set the minus percentage to trigger DCA.
      • Minimum -x% of last buy to allow DCA when -x%: Set the minimum minus percentage difference between the last buy price and the current price to trigger DCA.
    • DCA when Bollinger Bands: Buy if the High Bollinger Band drops below your last purchase price.
      • BB Length: Set the Bollinger Bands length (candles used) for calculating Bollinger Bands.
      • Minimum -x% of last buy to allow DCA when HighBB: Set the minimum minus percentage difference between the last buy price and the current price to trigger DCA.

    Important

    When entering values for any percentages or numerical values, do not include the - or + symbols. For example, in the case of DCA when -x%, only the number should be entered, e.g. 4. The bot will automatically interpret this as -4%.

  4. Set DCA Buy Amount and Max DCAs Allowed: Don’t forget to set DCA Buy amount and Max. DCAs allowed under Balance Settings.

Once you have set up your DCA options in nuxBot, you will start making additional purchases when the price falls, helping you to reach a lower average price per unit.

DCA Settings