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Recurring buy bot
A Recurring buy bot buys the same dollar amount on a schedule: every hour, every day at an hour you pick, or once a week on a day you pick, a set number of times.
More
The price you pay averages out over time.
When to use it
When you want to build a position slowly without timing the market (dollar-cost averaging). It is the simplest type to start with.
Settings
Every bot trades in your own Hyperliquid account. In the setup you pick the market, the amount and the leverage; Safe, Balanced and Aggressive fill in the rest from the coin's own volatility, and Customize settings opens every setting below. Rivemont's fee is from 0.1% per fill, lower with your 30-day volume, plus Hyperliquid's own trading fee.
- Side and Amount
- Buy (long) or sell (short), and the amount of each order.
- Every
- Hour, Day or Week.
- At
- The hour of the day in UTC (0 to 23), for Day and Week.
- Day
- The weekday, for Week.
- Times
- How many orders (1 to 1,000). The total is the amount times this number.
- TP / SL
- Optional: closes the whole position at this % above or below its average entry.
Example
$50 of BTC every day at 09:00 UTC, 30 times: $1,500 in all over a month. If BTC is lower on some days, the same $50 buys more of it, which lowers the average price.
What can go wrong
It keeps buying in a falling market
unless you set a stop loss.With leverage
the whole position can be liquidated; at 1x it holds the coin's value.