DCA Configuration

Learn about available DCA configuration options and settings, such as symbol, amount, buy/sell triggers, stop loss, and take profit, and how this may align with users preferences and goals.

HawkAlpha DCA bots come with the following configurable sections & fields:

  • Enter

    • Enter Type

      • Ask Price (uses current bid price via market data)

      • Custom Price (manual price entry)

    • Frequency

      • Run Once

      • ASAP (repeating)

  • DCA

    • Base Order (BO)

    • Safety Order (SO)

    • SO Volume Scale

    • SO Step Scale

    • Price Deviation

    • Max Usage

  • Profit

    • Target Profit %

  • Exit

    • None

    • Market Order

      • Exit % from average

Configuring and optimizing the DCA bot settings depends on the users trading strategy, risk tolerance, and market conditions. There is no one-size-fits-all solution, but there are some general guidelines users can follow for each configurable field:

  • Buy order (BO) share size: A buy order share size is the number of shares purchased for the initial order at the start of a DCA bot. It determines how much of the users funds are allocated to the first entry point.

  • Safety order (SO) share size: A safety order share size is the number of shares purchased for each safety order while the DCA bot is running. It determines how much of the users funds are allocated to the subsequent entry points.

  • Safety order volume scale: Safety order volume scale is the multiplier for the safety order share size after each safety order is executed. It determines how much the safety order share size increases as the price drops.

  • Safety order step scale: Safety order step scale is the multiplier for the price deviation percentage after each safety order is executed. It determines how much the price deviation percentage increases as the price drops.

  • Price deviation: Price deviation is the percentage of price drop required to trigger a safety order. It determines how far the price has to fall from the previous order to buy more shares.

  • Max usage: Max fund usage is the maximum percentage of available funds to use for the bot. It determines how much of your funds you allocate to the bot.

  • Target profit: Target profit is the percentage of profit to aim for before closing the deal. It determines how high the price has to rise from the average entry price to sell the shares.

  • Stop loss: Stop loss is the percentage of loss to tolerate before closing the deal. It determines how low the price has to fall from the average entry price to sell the shares.

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