Notify if the next purchases are likely to fail (based on current prices)

Advanced DCA Strategy

We can improve the performance of your dollar cost averaging strategy by making use of some simple tools.

For example it would be great to use simple technical analysis tools to get a signal, instead of a fixed time interval.

Some examples of signals that traders can use for better timing entries include buying when Crypto approaches a high time frame moving average (like the 200 DMA), looking for unusually oversold conditions (RSI or MACD), or using a valuation tool like the bitcoin stock to flow model.

What is the current behavior?

Now is only possible to specify the amount in Fiat.

What is the expected behavior?

New entry to specify the amount in Crypto. For example:

{
  "schedules": [
    {
      "cron":  "00 12 * * 1",
      "pair": "XXBTZEUR",
      "amount-in-fiat": 100.00
    },
    {
      "cron":  "00 12 1 * *",
      "pair": "ADAEUR",
      "amount-in-crypto": 5.00
    }
  ]
}

What is the motivation / use case for changing the behavior?

Kraken API has a minimum order size (volume) for trading in crypto. You can find more information here Therefore, when setting up a price in Fiat, it can be lower than the minimum order size.

By setting a amount-in-crypto we can ensure that the order will be above the minimum order size.

What is the expected behavior?

It would be useful to have stats about the price of the crypto bought at a given period. We can calculate it with the following formula:

Dollar-Cost Averaging Formula

The formula for calculating the dollar cost average over 3 purchase periods looks like this.

Dollar-Cost Average = ((P * T) + (P * T) + (P * T)) ÷ ∑ T

P = Crypto Price
T = Number of tokens Purchased.

or an even simpler formula for calculating the Dollar Cost Average.

Dollar-Cost Average = Total $ Amount Invested ÷ Total Number of token Owned.