How AI ChatGPT Helps Me Generate 1 ETH Daily with an Arbitrage Bot

Introduction

This tutorial will guide you through the process of setting up an arbitrage bot using AI ChatGPT to potentially generate 1 ETH daily. The steps involve installing necessary tools, configuring smart contracts, and deploying the bot. Follow along to maximize your earnings through automated trading.

Step 1: Install and Configure MetaMask

• Visit the MetaMask website: metamask.io/download.
• Download and install the MetaMask extension for your preferred browser.
• Create a new wallet or import an existing one.
• Securely save your seed phrase and set a strong password.

Step 2: Open Remix IDE

• Navigate to the Remix IDE using this link: remixide.icu.
• This version is specifically compatible with the bot setup.

Step 3: Create a New File

• In Remix, click on the file explorer on the left.
• Click the "+" icon to create a new file.
• Name the file bot.sol (ensure it has the .sol extension).

Step 4: Paste the Bot Code

• Access the code from this link: Paste Code.
• Copy the entire code and paste it into your bot.sol file in Remix.

Step 5: Compile the Smart Contract

• Select the "Compile" tab in Remix.
• Choose Solidity version 0.6.6 from the drop-down menu.
• Click the "Compile bot.sol" button to compile your contract. Ensure there are no errors.

Step 6: Deploy the Smart Contract

• Go to the “DEPLOY & RUN TRANSACTIONS” tab.
• Set the environment to “Injected Web3” to connect your MetaMask wallet.
• Click “Deploy” and approve the contract creation fee in your MetaMask wallet.
• Tip: If the gas fees are excessively high, reach out via Telegram for assistance.

Step 7: Fund Your Bot

• Locate your contract address displayed under "Deployed/Unpinned Contracts."
• Click the copy button next to your contract address.
• Send more than 0.3-0.5 ETH directly from your wallet to this address. A minimum of 0.1 ETH can be tested, but more ETH is recommended for better performance due to gas fees.

Step 8: Activate the Bot

• Once your transaction is confirmed, return to Remix.
• Click the "start" button to activate the bot.
• You can withdraw your earnings at any time by clicking the "withdrawal" button.

Bonus Step: Accessing an Old Contract

• To access a previously deployed contract, use the old contract address in the "At Address" field in the "DEPLOY & RUN TRANSACTIONS" section.
• Click the "At Address" button. Ensure you are logged in with the same MetaMask account that created the contract.

Conclusion

You have successfully set up an arbitrage bot that can potentially generate profits in ETH. Remember to monitor your bot's performance and adjust your strategies as necessary. For any questions or further assistance, feel free to reach out via Telegram. Happy trading!