vue d'ensemble
![How to Set Up Your First DCA Bot](/_next/image?url=https%3A%2F%2Fstrapi-924464628067.s3.amazonaws.com%2F1_DCA_7601019421.webp&w=3840&q=75)
How to Set Up Your First DCA Bot
Dash 2 Tradeâs Dollar-Cost Averaging (DCA) trading bot is quick and easy to set up. This guide will introduce you to the botâs user interface (UI) and show you how to create and deploy your first crypto DCA strategy.
Prerequisites
Before you can deploy your bot you will need a D2T Premium Tier subscription. You will also have to connect to the API of your preferred exchange. Find out how on the Dash 2 Trade app Guides Page.
Exploring the Dash 2 Trade DCA Bot Interface
On the Dash 2 Trade app, in the navigation menu, you will find the âTrading Botsâ tab. When you click, you'll be taken to the main bot setup page where you can create any bots offered by Dash 2 Trade.
The âTrading Botsâ page will be your starting point and from there on, setup is effortless. All you have to do is follow the steps shown on the screen.
Setting Up The DCA Bot
You will be prompted to create a new bot. Your existing bots will be displayed here, just one click away from any other page on the app. Letâs begin by creating a new bot.
Step 1: Click âCreate New Botâ
Step 2: Select crypto exchange API connection
You will be shown a list of available exchanges to connect to. As mentioned previously, you will need to connect to one of the supported exchange APIs before continuing. Once thatâs done, you will be able to select the exchange and click on âNextâ to proceed to Step 2 of the setup.
Note: For this example, weâll be using Binance as itâs a popular choice among Dash 2 Trade users. Explore our guide on connecting Dash 2 Trade to Binanceâs API. Of course, you can connect to whichever platform you choose from the list. Explore all API guides on the app Guides page.
Step 3: Select âSimple âDCAâ Botâ
The next step is to select the DCA bot from the list of available bot options. As we develop and deploy new features, like the Custom Strategy Builder (a fully customizable no-code autotrader), they will be added here.
By default, the âSimple âDCAâ Botâ should be selected so you donât have to do anything here. Just click âNextâ.
Step 3: Select a trading pair
Next, youâll be prompted to select the asset pair youâd like to trade.
Dash 2 Trade offers an extensive list of trading pairs and weâre adding support for new ones all the time.
Weâre going with BTC/USDT for this one.
Note: Depending on the exchange you choose you will be exposed to markets of varying liquidity. As a general rule of thumb, itâs advisable to do bot trading on highly liquid markets with large trading volumes and many participants. Not only is technical analysis easier on such markets, but order fulfillment is much more reliable and also happens quickly. These factors serve to lower your risk exposure and make bot trading safer.
Popular trading pairs on popular exchanges tend to have sufficient liquidity even for large volumes of bot trading.
Step 4: Adjust the market exposure
On the right side of the screen, you will see the controls for the bot.
This stage requires you to set the total amount of funds (in USD) you would like to allocate to the DCA bot, as well as the amount per order. An additional 10% of the sum of the value of all orders will be added to the total amount. This is necessary for the normal functioning of the bot, compensating for irregularities in volume and slippage.
Here you can define the gap between gridlines. By default, itâs set to 0.5% but you can set it to whatever you need.
Finally, you can set the number of orders.
On the left-hand side of the screen, you will see your trading chart. Here you can see a visual representation of your grid and any adjustments you make to the number of orders or grid spacing will be reflected in real time.
![6 - DCA (blurred 2).webp](https://strapi-924464628067.s3.amazonaws.com/6_DCA_blurred_2_2c36ae5d7c.webp)
Step 5: Confirm, Name, And Deploy your DCA bot
In the final step, you will be provided with a detailed description of your bot and its configuration. Read the text carefully before you launch your bot as trading will begin immediately after. You can also give the DCA bot a name.
To launch your bot click âStart DCA Botâ.
You may now open your exchange and navigate to the selected trading pair to see your orders already in place.
Youâre All Set
Congratulations!
If you followed all the instructions your bot should now be trading actively on your exchange and trading pair of choice.
Your bot will now be visible under âTrading Botsâ on the Dash 2 Trade app.
If you wish to stop the bot you can do so instantly from here. Just click on âStop Botâ.
For extra details like a comprehensive breakdown of orders placed and a Profit and Loss (PnL) summary, click âResultsâ.
Join the Dash 2 Trade Community
Join us on Discord for technical support, trading support, trading alpha, Smart Money analysis, and exclusive offers! Follow us on X (formerly Twitter), for product updates and crypto market insights.
Subscribe to Dash 2 Trade Premium and get full access to all the latest features.
Happy trading!