...In this DCA strategy what I do is using lowest X leverage and increasing my leverage as the market continues to have a pull back until my terms are met. ..
The fact that you are gaining a position in this way helps to get the average cost more profitable, but it will not save you from sweating money. Since you do not indicate that you are using a stop loss, then you can still lose your money if the price continues to decline.
There are few ways that we trade that are not right. They are just time waiting for a strike on the account and any little opposite direction , the account is out. Increase of leverage is a fast killer. Trading is suppose to be slow pace and gradually you get your cup filled but if you rush you may lo lose all. Trading with out a stop loss mechanism is another factor.