PANews reported on November 6th that Binance has announced the launch of Contract DCA, an automated trading tool for Binance Futures. This bot aims to help traders automate dollar-cost averaging (DCA) strategies to achieve better average entry prices during market volatility. Contract DCA is an automated trading tool that uses a DCA strategy. It automatically increases position size based on a pre-set percentage change in market price. This strategy is designed to help achieve a better average entry price when the market initially moves against you but subsequently rebounds. The bot also includes an automatic take-profit function, automatically closing positions when a preset profit target is reached.