Pionex DCA Bot

Why do you need DCA

DCA (Dollar-Cost Averaging) is one of the simplest trading strategies. According to the data, 90% of traders will get better returns if they use DCA instead of manually investing their funds.

DCA is a strategy that allows the investor to buy the same dollar amount of investment at regular intervals. The purchases occur regularly at specified timeframes, regardless of the asset’s price at that moment.

How to use DCA

First open the pionex.com website, and then find the DCA bot on the right side of the interface

Pionex let’s you choose one of the following 5 time intervals for the DCA strategy: 10 Min,1 Hour,4 Hour , 6 Hour,12 Hour,1 Day,1 Week and 1 Month.

After you input the 2 parameters for DCA, the required “Investment Per Week” will be calculated and listed below. This is the minimum balance needed to start your DCA strategy. Your funds for the whole runtime will be frozen into a DCA Pool, once you start the strategy.

Investment Per Week = (168/Investment Interval(hr)) * Investment Each Time

Example

Invest in ETH by using the DCA strategy: Set the investment interval to 1 hour and invest 10 USDT each time. In this case, the investment per week would be 1680 USDT. This amount will be frozen for the DCA Pool, once you start the strategy. The DCA strategy will continuously invest 10 USDT in ETH every 1 hour until all the funds in the DCA Pool have been invested.

Notice

  • The DCA strategy will always freeze the funds needed for 7 days, once you start it. After all funds in the DCA Pool have been consumed, it’ll ask you if you want to freeze more funds for an additional 7 days. The strategy will be canceled, once you don’t have enough balance in your account.
  • If you choose 1 month as your investment interval, the minimum requirement for the DCA strategy will be the funds you need for 1 month.

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22 Comments

  1. Make yourself easy on the sides and you can feel some small nuts. Note that some puppies may his ribs, where they feel they can not be. Bravo, you are up for adoption. Hope all is well with the birth.

  2. Hey, maybe this is a little bit off topic here, however I had been reading your website and it looks great!.

  3. QUANDO VA USATO DCA? COME FUNZIONA, TRAE GUADAGNI DAGLI ACQUISTI, VENDITE, FUNZIONA COME GRID O QUALE E’ LA SUA FUNZIONE NEL’USO? LA GUIDA E’ MOLTO RIDOTTA. CON QUALE ASSET E’ CONSIGLIABILE USARLO, IN QUALE CONDIZIONI DI MERCATO?

    • Hey HIKI,
      You could use DCA with any assets that you’re bullish for long term but not sure it’s the best entrance price or not. Personally, I use DCA to invest in BTC and ETH for long term investment.
      (Google Translation)
      Hey HIKI,
      Potresti usare DCA con qualsiasi attività che sei rialzista a lungo termine ma non sei sicuro che sia il miglior prezzo di ingresso o meno. Personalmente, utilizzo DCA per investire in BTC ed ETH per investimenti a lungo termine.

  4. Diego Alejandro Cavallo
    Diego Alejandro Cavallo

    I love DCA bots!!!

  5. I transfered funds to my Pionex account and it has frozen part of these funds sir I can’t use them please can you explain why?

  6. Seriously Thank you for your help, this site has been a great relief from the books,

  7. You should look at how 3Commas does the DCA with the Martingale strategy. They need a competitor 🙂

  8. Does DCA Bot also take profits?

    • There’s no auto take profit feature with DCA bot. You can do that by yourself. Close the bot and manually sell the assets into USDT or other stable coins.

  9. Please help i created a dca bot by accident and now it says starting the bot but it freezes nothing happens.

  10. this explanation is really not appealing, it just says to spend more and more money just to see it frozen, without explaining how it is supposed to be a good thing

    • Hello Leo,
      DCA bot helps you to dollar-cost averaging into your target coin. It’ll frozen the coin it purchases in case you accidentally sell them. This way we can know what’s the exact average cost of your holdings from the DCA Bot.

  11. Hey Dave,
    what’s your view about the strategy which is being used by 3commas for DCA BOTs, i.e. you buy when the price goes down and then it closes that specific position when the TP is hit, it’s usually around 1-2%.
    I am just curious to know as you have great knowledge about all this so wanted to know your view on this?
    thanks
    Noman

  12. Does Pionex work with Gate.io?

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