Smart DCA Bot - Trading View
A DCA bot strategy that automatically averages positions
Smart DCA Bot is a strategy for TradingView that opens a base order on a configurable signal, then places up additional safety orders at increasing intervals if the market moves against the position, lowering the average entry price until the take profit is hit. Works on any asset and timeframe available on TradingView.
HOW IT WORKS
Base order: opens when the deal start condition is met (RSI-7, or immediately)
Safety orders: additional entries placed below (long) or above (short) the base order
Volume scale: each safety order is larger than the previous
Step scale: price gaps between safety orders widen at each level
Take profit: configurable % from the average entry price or from the base order
Optional trailing take profit
Optional stop loss
Built-in results table: total deals, net result, comparison to buy-and-hold, safety order coverage
BUILT-IN FILTERS
EMA trend filter: RSI-7 mode only enters in the direction of the trend
Deal start condition: Start ASAP or RSI-7
Bot Direction: Long or Short
Take Profit Type: from average entry price or from base order price
IMPORTANT
Parameters must be adjusted for each asset, timeframe, and market conditions. The initial capital in the strategy Properties tab must match the Max Amount For Bot Usage shown in the results table. Backtest results shown are examples only. Past performance does not guarantee future results. This is not financial advice.
