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
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.
- 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.