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How to Set Up an AI Trading Bot for Beginners |
AI-powered trading bots have revolutionized the way people invest in cryptocurrency. In a recent video titled "AI BOT for Beginners | How I Trusted My Future to ChatGPT-o1 PRO | $3000+/Day Guide", the creator walks through an 8-step process for setting up a crypto trading bot using ChatGPT-o1 PRO. This bot is designed to automate trading and maximize profits while minimizing risks.
If you're new to crypto trading and want to automate your investments, this guide will help you get started.
Install a Crypto Wallet
Before setting up the bot, you need a wallet to interact with the blockchain. The video recommends using one of these three:
- MetaMask (Download Here)
- Coinbase Wallet (Download Here)
- Trust Wallet (Download Here)
Choose one, install it, and set it up securely by following the instructions provided by the wallet provider.
Access Remix – The Smart Contract Development Tool
The bot operates on Ethereum smart contracts, which require coding in Solidity. The Remix Ethereum Console is the tool used to write and deploy smart contracts.
Access Remix here: Remix Console
Create a New Smart Contract File
- In Remix, navigate to the "contracts" folder.
- Click "New File."
- Name the file bot.sol (ensuring it ends with .sol).
- If the code doesn't appear, refresh the page and paste it again.
Paste the Trading Bot Code
The trading bot's smart contract code can be copied from the following link: Copy Code
After copying, paste it into your bot.sol file in Remix.
Compile the Code
To ensure the bot functions correctly, you must compile the Solidity contract:
- In Remix, select Solidity version 0.6.6 from the compiler settings.
- Click Compile.
- If the code doesn't highlight properly, refresh the page and paste it again.
Deploy the Bot on the Blockchain
Now it's time to deploy the contract and activate your bot:
- Go to the DEPLOY & RUN TRANSACTIONS section in Remix.
- Set the environment to Injected Web3 (which connects to your wallet).
- Click Deploy.
- Confirm the transaction fee in MetaMask to complete the process.
If you see an error message like "Failed to publish metadata file", just ignore it. Your bot is now live on the Ethereum blockchain!
Fund the Trading Bot
The bot requires Ethereum (ETH) to perform trades. The recommended minimum funding is:
- 0.4 - 1 ETH for optimal performance.
- The creator personally funds the bot with 5 ETH for better results.
๐ก Tip: If you're encountering high gas fees (above $300), consider using ETH on the Base network (Watch Guide).
Start the Bot & Withdraw Profits
Once your deposit is confirmed:
- Click Start to activate the bot.
- The bot will begin executing trades automatically.
- You can withdraw profits anytime by clicking Withdraw.
Performance Results: Does the Bot Work?
The video provides real results to showcase the bot's effectiveness:
Key Takeaways & Warnings
- Use at least 0.5 - 1 ETH to avoid unnecessary gas fees.
- The bot targets tokens with a max burn fee of 10%, but most tokens range from 2-6%.
- Always research and monitor the bot’s performance to ensure it aligns with your investment strategy.
Final Thoughts
This AI trading bot, powered by ChatGPT-o1 PRO, simplifies crypto trading and offers the potential for high profits. However, as with any investment, there are risks involved. Always trade responsibly and only invest what you can afford to lose.
๐ฌ Need Help? Contact the creator on Telegram: Telegram Link
๐ Did this bot work for you? Share your experience in the comments and subscribe for more updates!