The world of cryptocurrency trading can be complex and fast-paced, making it essential to have efficient tools at your disposal. The ADAMANT Trading Market Making Bot is a powerful piece of software designed to help you automate your trading processes. In this blog, we’ll walk you through how to set up and use this bot effectively, including troubleshooting tips to get you started on the right foot.

What is Market Making?

Market making involves placing buy and sell orders to maintain liquidity and volume in the trading market. Imagine you’re at a bustling marketplace. As a market maker, you help sellers find buyers and vice versa—thereby keeping the market lively. The bot operates similarly, executing trades that foster a healthy trading environment for cryptocurrencies.

Installation and Requirements

Before diving into the bot’s features, ensure your setup meets the following requirements:

• Ubuntu 20+ or CentOS 8+
• NodeJS v18+
• MongoDB (installation instructions can be found here)

Step-by-Step Installation

1. Log in to your server.
2. Switch to the adamant user with the command: su - adamant
3. Clone the bot repository by executing: git clone https://github.com/Adamant-im/adamant-tradebot
4. Navigate into the cloned directory: cd .adamant-tradebot
5. Install the required packages: npm i

Configuration and Running the Bot

The bot utilizes a configuration file named config.jsonc. If this file is unavailable, it defaults to config.default.jsonc. Here’s how to configure and launch it:

1. Copy the default configuration: cp config.default.jsonc config.jsonc
2. Edit the configuration file with: nano config.jsonc. Customize the parameters as needed.

Launching the Bot

To launch the bot, use the following command:

pm2 start app.js --name tradebot

It’s wise to set the bot to restart on startup. You can achieve this with pm2 startup or by using a cron job.

Updating the Bot

Keep your bot updated with the latest features by following these steps:

1. Switch to the bot directory: su - adamant and cd .adamant-tradebot
2. Stop the bot: pm2 stop tradebot
3. Pull the latest code: git pull
4. Install any new requirements: npm i
5. Restart the bot: pm2 restart tradebot

Troubleshooting

If you encounter challenges while setting up or running your bot, here are some potential solutions:

• Ensure your NodeJS and MongoDB versions are compatible and up to date.
• Check for permission issues in the directories where the bot is installed.
• If the bot fails to start, look for errors in the PM2 logs with pm2 logs tradebot.
• For further assistance, you can find more insights, updates, or collaborate on AI development projects by staying connected with fxis.ai.

Conclusion

Setting up the ADAMANT Trading Market Making Bot can vastly improve your trading efficiency. If properly configured, it acts like a diligent market participant, ensuring liquidity and order flow.

At fxis.ai, we believe that such advancements are crucial for the future of AI, as they enable more comprehensive and effective solutions. Our team is continually exploring new methodologies to push the envelope in artificial intelligence, ensuring that our clients benefit from the latest technological innovations.