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

Introduction

This tutorial will guide you through the process of creating a trading bot using ChatGPT and Ethereum smart contracts. This bot is designed to help you automate trading and potentially generate passive income. Follow the steps carefully to set up your bot and ensure you fund it adequately to avoid any issues with gas fees.

Step 1: Download MetaMask

• Visit the MetaMask website.
• Download and install the MetaMask extension for your browser.
• Set up your wallet by following the on-screen instructions.

Step 2: Access Remix IDE

• Go to the Remix IDE.
• This version of Remix is specifically compatible with the bot setup.

Step 3: Create a New File for Your Bot

• In Remix, find the “contracts” folder.
• Click on “New File” and name it, for example, bot.sol. Make sure the file ends with .sol to indicate it’s a Solidity file.
• If the text in your file is not colored, refresh the browser and paste the code again.

Step 4: Paste the Bot Code

• Retrieve the updated code from this link: Code Version.
• Paste the code into your bot.sol file.

Step 5: Compile the Contract

• Navigate to the "Compile" tab in Remix.
• Select Solidity version 0.6.6 for compilation.
• Click the “Compile bot.sol” button to compile your code.

Step 6: Deploy the Contract

• Switch to the “DEPLOY & RUN TRANSACTIONS” tab.
• Choose “Injected Web3” as the environment.
• Click on “Deploy” to create your contract.
• Approve the transaction in MetaMask to finalize the deployment.
• Ensure that the correct bot name appears in the CONTRACT section (e.g., "UniswapFrontrunBot -bot.sol").
• If you see the message about failing to publish metadata to IPFS, you can ignore it; this step is not necessary for the bot's functionality.

Step 7: Fund Your Bot

• Transfer at least 0.5 ETH to your bot’s address to cover gas fees and avoid slippage issues.
• Ensure the deposit is more than 0.5 ETH for optimal operation.

Step 8: Start the Trading Bot

• After your transaction is confirmed, find and click the "start" button to activate your bot.
• To withdraw your earnings, simply click the "Withdraw" button whenever you wish.

Conclusion

You have successfully created and funded a trading bot using ChatGPT and Ethereum smart contracts. Remember to always fund your contract adequately to avoid high gas fees. Share your experiences and profits in the comments, and explore more tutorials to enhance your trading strategy. Happy trading!