Autotrade.it DCA

AutoTrade.it DCA Strategy Setup Guide
Overview:
The AutoTrade.it DCA Strategy is designed to automate your trading using the powerful Dollar-Cost Averaging (DCA) method. It increases your position size every time the asset price decreases, helping you average down your entry price over time. This strategy is perfect for traders looking to capitalize on market dips, minimize risks, and maximize potential returns.

[b]Recommended Timeframe

• 15-Minute (15m) Timeframe
  
• Ideal for capturing short-term market movements while reducing noise.
  
• Provides sufficient data to identify price trends and adjust positions.
  
• Helps balance risk management and responsiveness to price fluctuations without over-trading.
  

Step-by-Step Tutorial
Step 1: Create an Account
Sign up at autotrade.it.com
Step 2: Connect Your TradingView Account
Use an alternative email to connect your TradingView account to AutoTrade.it.
Note: This is free and doesn't require a TradingView Pro subscription.
Step 3: Connect Your Desired Exchange
Link your exchange to autotrade.it using API keys for seamless trade execution.
Step 4: Copy the Alert Name
Copy the alert name provided by AutoTrade.it. This will be used to trigger your strategy.
Step 5: Add the Alert on the Indicator
Go to the indicator on TradingView and add an alert.
Choose "Alert Function calls only" as the type of alert.
Step 6: Paste the Alert Name
Paste the copied alert name into the alert name field.
Click "Create" to finalize the alert setup.
Step 7: Set Up Notifications
Make sure to enable "Send Plain Text" in the notification settings to ensure the alert is properly executed.
Double-check all settings to make sure everything is in place.
Final Step: Sit and relax
Once you've completed the steps above, your trades will be automated. The AutoTrade.it DCA strategy will begin executing trades based on the alerts you’ve set up.