# Weekly Orders For More Efficient DCA Averages **URL:** \ **Category:** General\ **Created:** [20 May 2024 11:24 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681 "2024-05-20T11:24:06Z")\ **Posts on this page:** 8\ **Page:** 1
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://community.investengine.com/u/martin)\ **Post date:** [20 May 2024 11:24 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/1 "2024-05-20T11:24:06Z")
First and foremost, i love your platform and its automations. Is it possible for the InvestEngine development team to offer weekly orders as opposed to monthly, to obtain a better overall average price? This would be very beneficial for volitile commodities like GOLD. Right now I pay in monthly and have Autoinvest switched on so my DCA rate is 12 orders per year as opposed to 52/48 a year with weekly purchasing. Programming wise could this be done? In my mind a program could be written to divide the regular savings amount coming into the portfolio by 4, purchase 4 equal amounts 7,14,21,28 days apart and then have the code cycle reset everytime new money enters the protfolio. Just thinking out loud on how this could function. ---
**Author:** ![Pinch](https://avatars.discourse-cdn.com/v4/letter/p/ba9def/32.png) [@Pinch](https://community.investengine.com/u/Pinch)\ **Post date:** [20 May 2024 22:55 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/2 "2024-05-20T22:55:09Z")
I think the question would be if you can split your monthly payment into 4 equal parts. If you set up a Savings Plan IE offers 3 frequencies - weekly, fortnightly and monthly. Autoinvest is automatically switched on for Savings Plans. No changes to programming required by IE. ---
**Author:** ![Paul\_M](https://avatars.discourse-cdn.com/v4/letter/p/91b2a8/32.png) [@Paul\_M](https://community.investengine.com/u/Paul_M)\ **Post date:** [22 May 2024 20:20 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/3 "2024-05-22T20:20:56Z")
Hi Martin, thanks for getting in touch. You may set up a weekly Savings plan if your bank supports Variable Recurring Payments, please see our FAQ [How do I set up the Savings Plan feature?](https://help.investengine.com/hc/en-gb/articles/11054326858909-How-do-I-set-up-the-Savings-Plan-feature) for more information ---
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://community.investengine.com/u/martin)\ **Post date:** [22 June 2024 12:34 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/4 "2024-06-22T12:34:16Z")
That’s brilliant thank you ---
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://community.investengine.com/u/martin)\ **Post date:** [26 June 2024 09:26 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/5 "2024-06-26T09:26:35Z")
To avail of weekly direct debit payments depends on your bank. If your bank allows weekly direct debits the Invest Engine app will give you the option for a weekly direct debits. My bank, Monzo does not allow weekly direct debits. This brings me back to my original question could Invest Engine develop a mechanism to divide the monthly payment by 2 or 4 to allow users to avail of a more efficient DCA strategy? i.e. Auto Invest / weekly / fornightly / monthly options Thanks ---
**Author:** ![Pinch](https://avatars.discourse-cdn.com/v4/letter/p/ba9def/32.png) [@Pinch](https://community.investengine.com/u/Pinch)\ **Post date:** [26 June 2024 20:59 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/6 "2024-06-26T20:59:18Z")
How about setting up 4 direct debits which occur 1x per month - DD1 on 2nd of each month, DD2 on the 10th of each month, DD 3 on the 18th of each month and DD 4 on the 26th of each month? ---
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://community.investengine.com/u/martin)\ **Post date:** [27 June 2024 13:15 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/7 "2024-06-27T13:15:56Z")
Good thinking thank you, but it seems i can only have 1x Direct Debit per portfolio. I will see if a standing order is an option. Ile contact IE and ask if i can set up a standing order. Im also going to contact Monzo to see if they have an account upgrade that will allow weekly payments. ---
**Author:** ![martin](https://avatars.discourse-cdn.com/v4/letter/m/73ab20/32.png) [@martin](https://community.investengine.com/u/martin)\ **Post date:** [27 June 2024 13:25 UTC](https://community.investengine.com/t/weekly-orders-for-more-efficient-dca-averages/1681/8 "2024-06-27T13:25:33Z")
Found the solution, i think > **[How do I set up a standing order?](https://help.investengine.com/hc/en-gb/articles/5781047425693-How-do-I-set-up-a-standing-order)** > > If you wish to regularly fund your account more frequently than once a month, but your bank does not support Variable Recurring Payments (VRP) you can set up a Standing Order directly with your ban... Thank you all for your help Update - I have set up weekly standing orders with the references to each portfolio and autoinvest turned on.