The Double up method is a Gunbot method for automatically averaging declining assets, also called dollar averaging or DCA. This method allows you to achieve a lower average unit price when prices decline, resulting in a lower possible exit price.
DCA behavior is highly customizable. You can set the following parameters:
- Trigger for DCA orders: select an RSI range or a price that crosses the upper Bollinger line.
- The minimum price difference between a buy order in DCA.
- The number of DCA orders placed.
- Relation to the amount of currency already available that will be purchased with each DCA order.