3Commas DCA bot tutorial

A DCA (or “Dollar Cost Averaging”) strategy is the practice of investing into a currency at preset intervals to reduce the entry price of a position over time and mitigate volatility risk .

The dollar-cost averaging bot places the first buy order and extra orders if the price goes in the opposite direction of the strategy chosen . For all the buy orders it placed previously, it places only one take profit order.

A DCA strategy is the practice of investing at regular intervals to reduce risk . When you enter the market right away with all the deposits, you run the risk of purchasing highs and wind up at a loss when the price drops.