Regular DCA Flow
caution
Use of the Foretale Platform is done so at user’s own risk. Flow’s and node functionalities are experimental and may not perform as described.
The Dollar Cost Average (DCA) Starter Flow is a flow aimed at saving and investing. This flow can be deployed for longer term usage, it’s benefits are seen over longer time periods (many months), rather than days.
The flow purchases crypto following the Dollar Cost Averaging principle. The Fear and Greed sensor node is also deployed with a filter. The DCA node is only activated if the filter conditions on the Fear and Greed sensor node are met.
Once the dca node is triggered and it’s logic suggests making a purchase, order information is passed on to the
create order
node.
The create order node communicates with the given exchange and places a purchase order for the configured crypto.
Note that this flow is triggered once an hour.
The internal logic of the DCA flow is set to work at one hour intervals as standard.
Though you are free to change the interval as you desire, the dca node will detect the new frequency configured by the inject node.
For a more thorough analysis, please refer to our blog post DCA Analysis .
important
The starter flow provides the basic structure for a finance app. The user however must configure each node in the flow in turn to make it work for their specifications.
Ensure that your exchange account is appropriately funded to carry out the DCA approach.