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Follow our simple step-by-step guide to getting your first Crypto Bot setup and on your way to acheive financial growth.
STEP 1: SETTING UP YOUR METAMASK WALLET
The Crypto Bot Boot Camp begins with setting up a crypto wallet for the first time. The MetaMask wallet makes the process relatively straightforward, but you’ll still need to follow some steps to ensure you’ve done it correctly.
Step 1: Download and Install MetaMask
Start at the MetaMask website, where you’ll find instructions on how to download the wallet as well as a list of browsers compatible with the MM browser extension. Currently, MM can be used only on Chrome, Firefox, Brave, Microsoft Edge or as an app via an Apple or Android device.
If you’re hoping to primarily use MM on mobile, the easiest way to get started would still be to set up an account via a PC or Mac. Although you can jump straight into setting up a MM wallet from your phone, browsing and collecting NFTs can be a bit difficult via mobile, considering many projects and interfaces aren’t built for a handheld interface. Once you have the browser extension fully set up, you can then create an account that can be imported onto the Apple or Android app.
Step 2: Create an Account
Once you’ve downloaded and installed the browser extension (for this tutorial, we’re using Chrome), you’ll arrive at the first selection screen.
- If this is your first time setting up a software wallet, you’ll want to start with the “Create a Wallet” option. If you have an existing software wallet (Atomic, Exodus, Rainbow, etc.) and want to transition over to MetaMask, select the “Import wallet” option.
- After you’ve selected the option to create a new wallet, you’ll be asked to agree to — or opt-out of — MetaMask’s usage data gathering. You can always opt-out later in the MM wallet settings.
- Next, you’ll get a prompt to create a password. You’ll use this password to sign in to your MM account via the browser extension or the mobile app. Although this is not your private key/seed phrase, you’ll want to save it in a safe place, just as with any password.
- The next step after selecting a password does involve your seed phrase — or “secret backup phrase” — so act with care. You’ll receive a randomly generated string of words and will be asked to confirm this phrase by entering it back into the app. Once confirmed, you’ll arrive at the main page of your MetaMask wallet.
Note: Two secure ways to consider storing your seed phrase are to physically write it down in a notebook or on a notepad and save it somewhere safe and offline or use a password manager to encrypt your password and phrase. Saving your phrase anywhere on your computer (Word doc, text file, etc.) could leave you vulnerable to hacks and scams.
STEP 2: ADDING FUNDS TO YOUR WALLET
The next step is to add money to your MetaMask wallet.
We have partnered with Changelly so that you can transfer funding securely via the widget below.
- Just set how much you want to deposit
- Paste in your wallet address
- Follow the confirmation prompts.
(Note: Alternatively you can transfer by doing a withdrawal from any other crypto wallet to your MetaMask wallet.)
STEP 3: YOUR BOT DASHBOARD
With our program, there are two quality services we use to create and manage our automated crypto robots.
- Jonny Blockchain (JBC): Use this service to configure robot trades on both DEX and Binance
- EazyBot: Use this service to configure robot trades on various exchanges like Bitget, KuCoin, Kraken, Binance US, Binance.com and Coinbase Advanced
For CBBC, we will only focus on the first one.
- Visit https://jbc.atl.is and click Sign Up to setup your account.
- Next, follow the intstructions to setup 2FA encryption using Google Authenticator.
Next Sign In, and go to DASHBOARD, then click MY WALLET in the sub-menu
- You will be prompted to connect your METAMASK account. Authorize it!
- Under My Wallet Top-Up enter $35 USDT in the Amount to Send, then click [TOP UP]
- Next under DEX Fee Walle Top-Up enter 0.025 BNB in the Amount to Send, then click [TOP UP DEX FEE WALLET]
- Finally, under DEX Trading Access, click [BUY DEX TRADING ACCESS]
STEP 4: YOUR FIRST BOT
On the JBC dashboard, review the Trends tab, then click the DEX PANCAKESWAP TRENDS subtab to select your first of 6 robots.
To start, we recommend creating two bots each of these tokens (click the + to create):
- Trading Pairs: GGG, OM, TRUNK (since they have high 24hr ROI)
- Lot Size: $10 for the first one, $20 for the second
- Robot Type: Infinite
- Exchange: DEX Pancake
- Spending Approval: Go with the defaults
- Next, click the Active slider on each to make sure they are running.
Now you have your first Crypto robots ready and running.
TIPS & TRICKS
Understanding the Initial Buy Move Up
Before proceeding, it’s crucial to understand the concept of the “initial buy move up.” This refers to the price movement required before the robot makes its first trade. Analyzing the trading chart can help us identify the optimal move up threshold.
Determining the movement threshold
Using a price retracement tool, set the initial buy move up threshold. This value indicates the percentage by which the price needs to move up before the robot initiates its first trade. In our example, a move up of 0.5% was chosen.
Setting the initial buy move up value
Return to the robot setup page and enter the determined initial buy move up value. This ensures that the robot waits for a significant price movement before executing trades, reducing the risk of entering a declining market.
💸 Configuring the Average and Independent Profit Settings
Now let’s focus on configuring the average and independent profit settings, which determine the profit trigger and retracement criteria for the robot.
Explaining the profit trigger and retracement
The profit trigger represents the price level at which the robot considers taking profit. The retracement signifies the price decrease required before the robot actually executes the profit-taking action.
💾 Saving and Monitoring the Robot
Once you have configured the robot settings to your liking, click on the “Save” button to save the changes. You can then monitor the performance of the robot over time.
Monitoring the robot’s performance
Regularly check the robot’s performance on the Johnny Blockchain platform. Keep an eye on the number of trades executed, open lots, and the overall profit generated. This allows you to track the effectiveness of your configured settings.
👋 Conclusion
Setting up Johnny Blockchain’s AI trading robot is a powerful way to automate your cryptocurrency trading. By carefully selecting coins, configuring the robot settings, and monitoring its performance, you can potentially achieve profitable results. Keep refining your strategies and adapting to market conditions to maximize your chances of success.
FEES
ATLIS charges no fees for membership to the Bootcamp or the Community, however we do receive referrals and direct donations from our various partner programs. Additionally, we want you to be aware of several fees you might encounter when using the recommended partner services.
- JBC Access Fees: Jonny Blockchain charges $25 a year to use its DEX Trading Access service and $25 a year to use its Binance API access service.
- JBC Software Service Fees: Jonny Blockchain offers its members unlimited use of their services, but charges a %25 fee only on profitable trades for using its service. So when their bot algorithms make you money, they make a little money which covers their administration costs along with their networking and referral costs.
- EazyBot Fees: EazyBot charges a monthly or annual subscription fee to use its services. These subscription plans limit how much of the service you can access at any time, such as how many bots can be run in parallel.
- Transaction fees: Just as a part of how Decentralized Exchanges (DEX )works, transaction fees occur on just about all blockchain transactions. However, when working with major exchanges such as Bitget, Coinbase, Binance, KuCoin or Kraken, you can often find reduced or subsidized transaction fees which might lower your overall costs.