Our DCA Wizard helps you leave some funds available when your Hopper needs to use Dollar-Cost averaging to get out of a negative positions faster. The wizard helps you do the calculations and make changes to your Hopper in order for DCA to work correctly.
What is Dollar-cost averaging?
Dollar-cost averaging (DCA) is an investment strategy that buys more of an asset to potentially reduce the total cost of the asset.
In terms of Cryptohopper trading, it allows you to reduce the average price in an attempt to turn a profit faster. Learn more about DCA in the Cryptohopper documentation.
How to use the wizard?
The wizard takes maximum allocated funds as well as minimum buy amount into account
1. Select your desired amount of funds to set aside for DCA
Select your DCA target
To simplify the calculations required to set funds aside for DCA, we provide you with DCA targets. Select the percentage of funds you’d like to set aside for DCA. A common recommendation from the trading community is to have around 40% available for DCA. This is up to you.
2. Tweak your settings

Tweak to your liking
On the second step we provide you with the calculated values based on your DCA target. These values take your maximum allocated funds as well as minimum buy amount into account. You can tweak these to your liking and see the outcome of your tweaks live.
3. Your Cryptohopper settings

Your settings for Cryptohopper
Based on your target and tweaks we show you which settings to change in Cryptohopper to set funds aside for DCA. Once you’ve made and saved the changes on Cryptohopper, click ‘Verify Settings’.
4. Verifying settings

Verification
We will then verify the target and settings you have chosen and display the amount available for DCA as configured on Cryptohopper.
If you followed all the instructions, you are now set up for DCA.