🔧Cult Trader + Setup

Requirements

Initial Setup

Before launching the bot for the first time we must first setup our trading wallet. This wallet is highly suggested to be separate from your main wallet to avoid selling any tokens you are HOLDing and for security purposes.

Creating your Trading Wallet (Phantom)

  • Open your wallet and select the 3 horizontal lines in the upper left-hand corner:

  • Select the plus icon and then "Create new account":

  • Name the account and press "Create":

Now that your trading wallet is setup, transfer your NFT, $CULT tokens and any SOL/USDC funds you would like to use with the bot.

Exporting your Private Key

To view your private key on Phantom, you need to:

  1. Switch to the wallet that you are trying to view

  2. Click the 3 horizontal lines on the top left-hand side of the wallet homepage.

  3. Click the gear icon in the bottom left.

  4. Click the 1st option containing the wallet's name.

  5. Select Show Private Key.

  6. Enter your wallet password and tick the box.

  7. Click on Next and select 'Solana' if prompted.

Launching the Bot

After you have set-up a Telegram account and your trading wallet you are ready to launch the bot. Use the below link to open a new chat with the bot:

Setting up the Trading Variables

To get started trading you will need to send the following commands to set your trading variables.

These settings (with the exception of the secret key) can be changed on the fly.

Expand each of the below for more details and an example:

/secret_key

Description: This command sets the secret key of your wallet and allows the bot to make trades on your behalf. This wallet is also checked for a CULT NFT and the required $CULT tokens.

Example: /secret_key 5KYZdUEo39z3FPrtuX2QbbwGnNP5zTd7yyr2SC1j299sBCnWjss

/target

Description: This command sets the target wallet address that you want to copy trades from. Join the $CULT discord for up-to-date insights on the most profitable wallets.

Example: /target 14kgoldk9VKb8RAtYK5gaZaNqF61N4XxQs6

/sol_amount

Description: This command sets the SOL amount you will use for each SOL trade the target completes. In general, this should be about 5%- 15% of your current balance. To keep the bot trading and avoid market swings avoid setting the amount close to your total balance.

Example: /sol_amount 0.5 (assuming a 5 SOL total balance)

/usdc_amount

Description: This command sets the USDC amount you will use for each USDC trade the target completes. In general, this should be about 5%- 15% of your current balance. To keep the bot trading and avoid market swings avoid setting the amount close to your total balance.

Example: /usdc_amount 10 (assuming a 10 USDC total balance)

Starting the Bot

After the above variables are set you are ready to start trading. The commands in this section explain how to start, stop, and manage the bot.

Expand each of the below for more details and an example:

/bot_start

Description: This command starts or restarts the copy trading service.

Example: /bot_start

/status

Description: This command displays your current settings and the bots status.

Example: /status

/stop

Description: This command stops the copy trading service.

Example: /stop

/close

Description: This command clears all of your settings with the bot including the private key

Example: /close

Last updated