Making a Trading Bot with ChatGPT | $4000 Daily | Passive Income | Simple Setup

Summary

In this video, the creator demonstrates how to build and run an Ethereum sniping bot using AI-powered ChatGPT. The bot automatically scans the blockchain for new tokens and sudden price movements, executing trades swiftly to generate passive income. The process involves writing a smart contract using ChatGPT, deploying it on Remix, funding it with Ethereum, and letting the bot handle the trades. The creator shares their experience of making consistent profits with this setup, earning over 30% returns in a single day. This guide makes it easy for anyone to set up their own sniping bot with no coding required.

Takeaways

• 😀 The video demonstrates how to create and run an Ethereum sniping bot that monitors blockchain for new tokens and price changes.
• 😀 The bot can automatically buy or sell tokens during price fluctuations, offering a significant advantage in trading.
• 😀 No coding knowledge is required to use the bot, making it accessible for non-programmers.
• 😀 ChatGPT is used to write the smart contract code, which is better optimized than what a human might create.
• 😀 Remix, a web-based app, is used to develop, compile, deploy, and launch the smart contract.
• 😀 Ensure that Metamask is installed and connected to the Ethereum mainnet before deploying the contract.
• 😀 Gas fees are required for deploying the smart contract to the blockchain, and setting them to 'high' can speed up transactions.
• 😀 After deployment, the bot can start scanning the market and making trades automatically once funded with Ethereum.
• 😀 The bot operates by scanning liquidity pools for sniping opportunities, utilizing small algorithms to perform trades.
• 😀 The bot successfully earned 31% profit within 12 hours and 60% profit in a day by monitoring Ethereum trades.
• 😀 Users can withdraw profits at any time, and the bot will stop trading upon withdrawal, returning both initial funds and profits to the wallet.

Q & A

What is an Ethereum sniping bot?

An Ethereum sniping bot is a type of automated trading bot designed to monitor the blockchain for new tokens and significant price changes. It can execute buy and sell transactions faster than human traders, allowing users to profit from market inefficiencies.

How does the Ethereum sniping bot make money?

The bot identifies profitable opportunities by detecting tokens as they are listed or during sudden price movements. It then automatically executes trades based on algorithms, taking advantage of price differences to earn passive income for the user.

Do I need to know any coding to set up the Ethereum sniping bot?

No, you don't need to know any coding. The process is simplified with ChatGPT generating the smart contract code for you, and tools like Remix make it easy to deploy and manage the contract without any coding knowledge.

What tools are used to create and deploy the Ethereum sniping bot?

The main tools used are ChatGPT (for generating the smart contract code), Remix (a web-based application for developing and deploying Ethereum smart contracts), and MetaMask (for managing the Ethereum wallet and connecting to the blockchain).

How does Remix help in deploying the sniping bot?

Remix is a web-based IDE that allows you to write, compile, and deploy Ethereum smart contracts. It provides an environment to develop and launch the bot’s code on the Ethereum blockchain, making the deployment process seamless.

What are gas fees and why are they important in this process?

Gas fees are the transaction fees required to perform actions on the Ethereum blockchain. They are essential for deploying and interacting with smart contracts. In this process, paying gas fees ensures that the bot’s deployment and transactions are confirmed on the network.

What is the significance of the bot’s 'Start' and 'Stop' functions?

The 'Start' function activates the bot, allowing it to monitor the market for opportunities, while the 'Stop' function halts the bot's operations and transfers any remaining funds back to your wallet.

How much Ethereum should be funded to the sniping bot for effective trading?

You can fund the bot with any amount of Ethereum, but the more you invest, the larger your trades and potential profits will be. Starting with at least 1 Ethereum can provide noticeable results.

What kind of profits can be expected from using the Ethereum sniping bot?

Profitability can vary depending on the market. The user in the script mentions earning 31% profit in just 12 hours and up to 3-6 Ethereum in some weeks, though profits can fluctuate based on market conditions.

How do you withdraw profits from the Ethereum sniping bot?

To withdraw profits, simply click the 'Withdraw' button in the smart contract interface. The bot will stop trading, and the Ethereum, including any profits, will be transferred back to your wallet after paying a small gas fee.