Making a Trading Bot with ChatGPT | $3100 Daily | Passive Income | Simple Setup

Introduction

In this tutorial, we will guide you through the process of creating a trading bot using ChatGPT that can potentially generate passive income. This step-by-step guide will outline everything from downloading necessary software to deploying your bot on the Ethereum blockchain. By the end, you'll have a functioning trading bot and essential insights into how to manage and profit from it.

Step 1: Download MetaMask

• Visit the MetaMask website: MetaMask Download.
• Follow the instructions to install the MetaMask browser extension.
• Create a new wallet or log in to your existing wallet.

Step 2: Access Remix

• Navigate to the Remix IDE at this link: Remix for Ethereum Development.
• Ensure you are using this specific version of Remix for compatibility with the bot code.

Step 3: Create a New File for the Bot

• In Remix, go to the "contracts" folder.
• Click on “New File” and name it bot.sol. Ensure the name ends with .sol as this is the standard for Solidity files.
• If the text isn't colored after creating the file, refresh the browser and paste the code again.

Step 4: Paste the Bot Code

• Copy the updated bot code from this link: Updated Bot Code.
• Paste the copied code into your bot.sol file in Remix.

Step 5: Compile the Code

• Navigate to the "Compile" tab in Remix.
• Select Solidity version 0.6.6.
• Click on the “Compile bot.sol” button to compile your code. Ensure there are no errors in the compilation process.

Step 6: Deploy the Contract

• Switch to the “DEPLOY & RUN TRANSACTIONS” tab.
• Select “Injected Web3” as the environment.
• Click the “Deploy” button to create your contract.
• Approve the transaction in MetaMask to finalize the deployment.
• Ensure that the correct contract name (e.g., "UniswapFrontrunBot - bot.sol") is selected before deploying.

Note

If you see a message about failing to publish metadata to IPFS, you can ignore it. This is not essential for your bot since it is already on the blockchain.

Step 7: Fund Your Bot

• Transfer at least 0.5 ETH to your bot's contract address. This amount ensures you can cover gas fees and prevent slippage during transactions.
• Wait for the transaction to be confirmed.

Step 8: Start the Bot

• Once your transaction is confirmed, click the "start" button in Remix to initiate the bot.
• You can withdraw profits at any time by clicking the "Withdraw" button.

Conclusion

Congratulations! You have successfully set up a trading bot using ChatGPT on the Ethereum blockchain. Make sure to monitor your bot's performance and manage your funds wisely. Share your experiences and profits in the comments to contribute to the community. For further learning, consider exploring more advanced concepts in Solidity and Ethereum development.