The DCA spot trading bot on Binance can earn you 5% per month.
Here is how I set up mine:
- price gap: 1%
- Take profit: 0.5%
- base order size and
- DCA size: the same amount
- max DCA order: 39
How does it work?
- In the "buy" direction, it will divide your USDT/USDC into several small lots in order to buy the dip.
- In the "sell" direction, it will divide your crypto into several small packages in order to sell higher.
- You also need to set the take profit to know when the bot should sell or buy. Personally, I set it to a minimum of 0.5% because I want to quickly recover my USDT.
The advantages of this DCA spot trading bot:
- no more FOMO; in case of a big drop, you know that the bot continues to buy lower and will go back up to the TP.
- your money works even while you sleep ;)
The limitations of this DCA spot trading bot:
- you need to have a large capital to divide well in order to have a bot that never stops and to earn more
- to reinvest your gains and take advantage of compound interest, you need to stop the bot in PROFIT and then restart it.
- if the bot stops because it has bought everything, you either have to wait for it to go back up to the TP or continue to buy lower manually and then recalculate the average selling price.
- there are trading fees, but it's the price to pay to stay zen ❤️
In conclusion, this is the best bot I have tested, better than grid trading, auto invest, or smart portfolio, as it protects your capital and you can watch it grow calmly while the crypto sphere panics in case of a big drop...
There you go, I think I've covered everything, let me know
in the comments if you are convinced or not 👍🔥🚀
I wish you success 🍀
with
✓ DISCIPLINE
✓ PATIENCE
✓ PROFIT
#BotTrading #dcaspot #Strategie #binance