Devexa introduces Dollar Cost Average functionality for traders

London, August 7, 2024 – Devexa, the AI-powered virtual assistant and chatbot from global software developer for the capital markets industry, Devexperts, will now allow traders to execute Dollar Cost Average strategies, directly from a chat in their trading platform or a preferred messenger connected with their trading account.

Dollar Cost Average (DCA) allows traders to invest equal amounts of money at regular intervals, helping to reduce the risk of market volatility by breaking up large investments into manageable chunks, and increasing trade sizes over time. Comparable to a standing order in everyday personal banking, DCA means traders can set up payments at scheduled intervals according to their personal preferences, such as, for example, monthly.

Brokers licensing Devexa as part of their platforms can now offer traders the option to set up DCA strategies simply by telling Devexa what strategy they would like to execute. With Devexa’s natural language processing capabilities, traders can simply type in what they would like to buy, the amount they would like to invest at each interval, and how often they would like this payment to be made, with no need for use of complex or technical language. An example here would be a trader inputting “Buy 1 lot of TSLA every Tuesday at 11.00”; they would then receive a reply saying “Please confirm your request to place a BUY market order for 1 lot on TSLA at the current market price”; once confirmation is received the strategy would be put into action.

Due to Devexa’s integration across multiple communication channels, traders do not need to log in to their trading platforms to set up a DCA, they can simply ask Devexa to execute from their Telegram, WhatsApp, or Facebook Messenger. DCA orders can also be viewed and canceled at any time via Devexa.

The development will see brokers able to offer a more comprehensive service and increase investing potential from traders.

Devexa’s new automated Dollar Cost Averaging feature, along with real-time notifications and seamless integration with platforms like Telegram, means brokers can offer traders the opportunity to take control of their trading strategy, reduce risk, and enhance efficiency effortlessly, from anywhere at any time. Setting up a DCA with Devexa is as simple as having a conversation. With DCA being such a useful trading tool, we are pleased to be able to offer this functionality through Devexa, adding to her highly personalized service offering and increasing trading activity for brokers.
— Jon Light, Head of OTC Platform at Devexperts

Besides being available in the DXtrade CFD platform, Devexa also makes DCA functionality available to users working in other industry platforms. The broker representative should contact Devexperts at sales@devexperts.com to enable Devexa in their trading platforms.