How to create a spot DCA bot

Basic settings

1. Access Point Choose the access point of the exchange you would like to create your bot with

1. Strategy Choose long or short strategy to run with a bot

1. Pair In this bot, first currency is the one you buy, second one is the one used for purchase and is also the currency you get your profit in. So if your pair is BTC-USDT you will buy BTC with USDT on your balance

1. Recommended pairs You may choose from the pairs our platform recommends based on their volatility

1. Take profit The profit you want to make when selling the coins you bought (set in %)

1. Trailing take profit Trailing take profit will be activated as soon as take profit price you set is reached. Then bot tracks the maximum, and executes take profit after the price drops from the maximum price by the percent you set in trailing take profit

1. Step of extra order (%) This indicates by what percent should the price drop for the extra order to be executed

1. Max count of extra orders Maximum number of extra orders the bot can execute in a row. Multiply this number by volume of extra orders and add first order volume, and you will get total sum the bot can invest in buying the coin

1. Order volume Number of coins the bot will buy at the start. The amount is set in quote currency (second currency of the pair)

Advanced settings

Strategy management

1. Martingale for order volume Increase of the volume of each extra order by a coefficient from 1.05 to 2 to regain the value lost. Note, the option is of high risk and is advised only for experienced traders

1. Stop loss A stop-loss order is an order placed to close bot’s position when a coin reaches a certain price. Stop-loss orders are designed to limit an investor’s loss on a position in a coin. Stop-loss is set in percentage distance from the first order of your bot

1. Trailing stop loss A trailing stop-loss order is a special type of trade order where the stop-loss price is not set at a fixed level, but instead is set at a certain percentage below the maximum market price that was reached while the position is still open

Start signals

1. Bollinger Bands Bot will search for an optimal entry point based on Bollinger bands of a trading pair for the past 100 minutes on 5 minute timeframe. There may be several entry points a day or none

1. MACD Bot will search for an optimal entry point based on MACD of a trading pair for the past 100 minutes on 5 minute timeframe. There may be several entry points a day or none

1. RSI Bot will search for an optimal entry point based on RSI of a trading pair for the past 100 minutes on 5 minute timeframe. There may be several entry points a day or none

1. Custom TradingView Start signal (available only in Maximum plan) Bot will start every deal based on the webhook signal you set in your TradingView account and connect to this bot

Stop signals

1. Custom TradingView Stop signal (available only in Maximum plan) Bot will stop based on the webhook signal you set in your TradingView account and connect to this bot

Others

1. Max order price The maximum price after crossing which a bot starts trading

1. Max number of cycles The maximum number of cycles after which the bots turns off and stops trading until you start it again

1. Bot name The name of a bot that will be displayed after creation

Finish setting up a bot