¶ How do I DCA based on static currency amount?
Before you dive into the following topic, please read the basics about Dollar-cost averaging.
Once you're all set, let's take a look at the underlying assets and how we transfer them properly into ProfitTrailer.
¶ Introduction.
- When using the DCA function in ProfitTrailer, we always have to keep in mind which underlying asset we are trading on.
ProfitTrailer will not automatically convert your underlying asset into your settings so be sure to double check when making any changes in your config.
For example:
¶ Dollar-cost averaging on BTC.
When trading on the BTC market, we want to use values in BTC.
DEFAULT_DCA_buy_cost = 0.00001 (BTC)
- This setting will use 0.00001 BTC for each DCA buy.
or
DEFAULT_DCA_buy_cost_1 = 0.000001
DEFAULT_DCA_buy_cost_2 = 0.000002
DEFAULT_DCA_buy_cost_3 = 0.000003
- Here the first DCA buy will be 0.000001 BTC, the second DCA buy will be 0.000002 BTC, and so on...
¶ Dollar-cost averaging on a USDT
When we are trading on a static currency such as USDT, remember to change your DCA value to the right underlying asset aswell.
DEFAULT_DCA_buy_cost = 20 (USDT)
- This setting will use 20 USDT for each DCA buy.
or
DEFAULT_DCA_buy_cost_1 = 20
DEFAULT_DCA_buy_cost_2 = 25
DEFAULT_DCA_buy_cost_3 = 30
- Here the first DCA buy will be 20 USDT, the second DCA buy will be 25 USDT, and so on...
¶ Always double-check.
In the example above, we used
buy_costto determine the value. But it does not end here, if you take a look on the config page you will see more possibilities for using DCA. In these lines the same rule applies above so make sure you are using the right values to avoid any mistakes or losses.