goodDCA Bot jasmy bot
Goal: Achieve a favorable average purchase price through regular purchases and profit from rising prices.
Functionality:
* Grid: Defines the price range for purchases at fixed intervals (e.g., every 0,8%).
* Price Deviation Multiplier: Shifts the grid downward to achieve more favorable purchase prices.
* Take Profit: Automatic profit-taking when the price rises (e.g., 1%).Use Trailing(0.2%) so you can Take even more Profit by high gains
* Base Order: First order in the grid (e.g., $7.50).
DCA Order 10$
* DCA Order Size Multiplier: Increases the DCA investment for purchases below the current price.
* Cooldown: Delays buy orders after a strong price increase (e.g., 15 minutes).
Advantages:
* Reduces the impact of volatility on the purchase price
* Regular position building
* Automates trading
Example Configuration:
* Price Deviation: 0.8%
* Price Deviation Multiplier: 1.5
* Take Profit: 1%
* Base Order: $7.50
DCA Order $10
* DCA Order Size Multiplier: 1.8
* Cooldown: 900 seconds
Tips:
* Invest as much as possible in the DCA order for maximum return.
* Adjust the parameters to your risk tolerance and market conditions.
* Monitor the bot's performance and optimize it as needed.
Conclusion:
The DCA bot is a simple yet effective tool for long-term cryptocurrency investing. By automating buying and selling, you can profit without having to constantly watch the market.
good luck!
