What Is Spot DCA?
Dollar-Cost Averaging (DCA) is a strategy of buying a fixed amount of an asset at regular intervals across different price levels. The goal is to achieve a more favorable average entry price for the selected trading pair while reducing the impact of market volatility.
Phemex Spot DCA lets you set how much to buy, when to buy, and when to sell. Based on your parameters, it helps you buy more when the price drops.
The bot aims to lower your average purchase price by placing additional buy orders whenever the market price falls below your initial trade. This continues until the market price exceeds your take-profit percentage, at which point the bot places a sell order. As long as your wallet has sufficient funds, the process repeats.
Tip: Only Buy mode is currently available, which means your initial investment is in the quote currency (e.g., USDT).
How to Use the Spot DCA Trading Bot
1) Switch to Trading Bot Mode on the Spot Trading Page
Log in to your Phemex account and, on the Spot trading page, switch to Trading Bot Mode.
Select the Spot DCA bot type.
Alternatively, on the Trading Bot homepage choose Spot DCA, or browse the Trading Bot Plaza to copy high-performing strategies for free.
2) Choose a Recommended Strategy or Create One Manually
(a) Recommended Strategies
Best for beginners. Phemex curates high-return strategies you can copy for free—just enter your investment amount.
(b) Manual Creation
Best for advanced users. Customize all parameters to build your own strategy bot.
Parameter Definitions
-
Price Steps
When the market price falls by a set percentage, a safety (add-on) order is placed.
This is the percentage difference between two consecutive safety orders, denominated in the quote currency. -
TP Target Per Cycle
Take-profit PnL% = (Take-profit price / Average position cost) – 1.
When the take-profit price is triggered and the order is fully filled, the bot ends the current trading cycle and starts the next one as configured. -
Initial Order Amount
The first order the DCA bot places at the start of each trading cycle. -
Safety Order Amount
The incremental amount used for each safety order within a trading cycle to lower the average cost of the traded pair and help reach the take-profit target faster. -
Max Additions Per Cycle
The maximum number of safety orders allowed in one trading cycle.
The actual number placed may depend on your margin situation. -
Price Steps Multiplier
Applied to the price step for the next safety order—this increases or decreases the price gap between safety orders. -
Amount Multiplier
Applied to the investment amount for the next safety order—this influences the average entry price of the executed crypto and shapes the overall investment approach.
3) Review and Confirm
Carefully review the order details, then click Confirm.
4) Monitor Your Trading Bot
Go to Running or History to view the performance and status of your Spot DCA strategies.
5) View Detailed Performance
Click Details in the action column to open the trading bot detail page, where you can check returns, parameters, the current DCA cycle, and trade history.
