How to set your DCA bot
Dollar-cost averaging (DCA) is the most recommended investing strategy in both crypto and traditional markets.
Deltabader makes it simple, and goes beyond.
Both the single-asset bot and two-asset bot share most of the options, so let’s start with the single-asset setup:
Let’s start
- Pick the asset you want to invest in.
- Connect to one of the exchanges.
- Set your hourly, daily, weekly or monthly schedule:
If you set day as an interval, such a bot is completely free.
That’s all. Set it and forget it.
Over time, you buy all the “dips” and get an excellent average price without needing to time the market or do anything else.
This is the DCA everybody knows.
And now, this is what makes Deltabadger different:
Smart Intervals
The first additional setting on the Basic plan is Smart Intervals—you can execute the same schedule with smaller transactions for perfect averaging, even over a short period.
It’s particularly useful if you use DCA to open a short-term position over a few hours or days.
Cut fees to ZERO
The FeeCutter eliminates fees by setting limit orders below the current price. For example, if the fee is 0.25%, the order is placed 0.25% below the price. With such a small difference, the order is executed in 99% of cases within hours, and you can track execution in the transaction table.
Minimum Order Size
Each exchange has a minimum order size for each currency. You can find these minimums on the exchange website. With Deltabadger, you don’t have to worry about it; the bot handles the minimum in the following way:
If the scheduled amount is below the minimum, the bot buffers it and adds it to the next order. Sometimes, a few transactions can be buffered until they’re collectively large enough.
Change Exchange and Name
You can always move your bots between exchanges and continue while keeping all the statistics. Just click on the exchange icon on the bot top bar.
Finally, you can change the bot name to make it easier to recognize on the Dashboard. Just click on the dot menu in the top right corner.
The dashboard shows bots in alphabetical order, so feel free to organize them.
Are you waiting for a particular market moment? Check our options for traders.
Are you investing in more than one coin? Learn about rebalanced DCA.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing involves risks, including the possible loss of principal. Always conduct your own research before making investment decisions.
