How I Built a Fully Automated Trading Agent on Coinbase (step by step tutorial) Transcript, AI Summary & Key Points

00:00 So, Coinbase is a channel sponsor. I'll show you step by step how to set up your own agent to get it to trade for you, get it to do research for you, and to give you an edge investing or trading in crypto. And by the way, first and foremost, this is not financial advice. Make your own decisions. Investing in crypto is risky. Trading crypto is risky.

00:21 Don't invest anything you're not willing to watch go to zero. That's called trading. It's called investing. And as they say, here's how you could win up to $2 million while sleeping. Step one, set up an agent on Coinbase. I'll show you step by step. I'll show you how to do this. And by the way, you don't you can trade manually or you can trade with an agent.

00:42 Anything counts. An agent often just gives you an edge. Step two, register for our global trading competition, the Championship Cup. And step three, start trading from November 4th. By the time you're watching this, this is live now. the trading competition. So, first thing you're going to need to do is switch from Coinbase to Coinbase Advanced. This is where you take advantage of the competition.

01:04 This is where you can better set up your agent. Of course, there are options on regular Coinbase agents, but with Coinbase Advanced, you're going to get cheaper fees. You're going to get a better trading experience, and you're going to get more options to win in my opinion. And by the way, we cover all that in video I put out about a month ago. Coinbase Advanced, how to trade crypto, per stocks, and more.

01:25 Step-by-step tutorial. So, you can't have an agent trade if you don't know how to trade. I'm going to link my Coinbase Advanced tutorial video down below. Highly recommend you watch that video first. And number one, as we're in Coinbase Advanced, before we set up our agent, we are going to register for the competition. Even you have if you have a Coinbase account, you still have to click register.

01:45 This ends November 25th. All the volume, whether you're dollar cost averaging a little bit every week or you're an active trader, all the volume counts. So, if you're trading or just dollar cost averaging on Coinbase anyway, might as well have a count to the championships cup. Might as well have a count towards the competition. So, bigger field, bigger prizes.

02:06 As collective trading volume grows, the prize pool unlocks, scaling all the way up to $2 million USDC. So, this is not you trading alone. its Coinbase users, the alcoin daily army as collective. And you'll notice the competition just started and the total competition volume has not hit the first unlock yet. As it hits those unlocks, the people in the pool will be compensated.

02:32 And obviously, if you trade better, you do better. You can see there's an individual trader leaderboard as well. And if you're a leader, if you're winning individually, you'll also get rewarded as well. I should say this. see the no trade participation option as well, meaning you don't have to even trade. There's there's many options. I'll link this all down below.

02:53 And now that we've registered for the trading competition, whether you plan to use an agent to trade or just trade manually yourself, all fair game. Here's now how to set up an AI agent. We go right over to the agent tab. Trade 247 with Coinbase agents. The number one thing to understand is there's which I liked. There's no coding required. It's simple.

03:18 Type in the chat and and communicate conversationally on exactly what you want the agent to do. Whether it's research, whether it's give me a portfolio breakdown, whether you tell the agent yourself, hey, rebalance my portfolio anytime an altcoin gets to this level of my portfolio. Like the sky's is the limit if you know how to ask the questions. And this is Coinbase uh connecting with Chat GPT, Grock, Grockbot, Muse, Perplexity, Claude, Claude Code.

03:45 So you can use Claude, you can use Chat GPT, you can use whatever, and there's no additional cost, which again, these are just things I like. Tell your AI assistant what you want, then approve the trade yourself. You set the limits. No new app, no new interface, only a conversation. Check out the frequently asked questions down below. The three I do want to highlight which I do think are significant.

04:08 Number one, what can my agent do? Well, pretty much anything that you can use natural language to tell it to do. So, you can tell it to trade, buy, sell, and manage positions across crypto, equities, and futures. No code or scripts required. So, this is not only crypto, right? Coinbase is Tradfi and Cryptofi are converging and you can trade stocks, US equities on Coinbase now.

04:36 It's pretty cool. You can tell your agent to manage your portfolio, rebalance, transfer funds, track positions, profits and loss. Of course, you can tell your bot to run recurring strategies. That's why you can't just tell your bot make money for me because there's a million ways your bot can make money and then your bot has to learn in real time. Oh, do I use moving average?

04:57 Which is moving average or the best? Right? It's sort of a black box with AI and agents. So again, if you don't know how to trade, your bot's not going to know how to trade or you're just going to waste a bunch of your money as your bot learns. So you have to understand how to trade first. That's important, and we'll go over some. Another thing I really want to recommend is you are able to set up a different portfolio for your agent.

05:21 Can I give my agent an isolated portfolio? Yes, you can create a dedicated portfolio for your agent. It has its own balance, so your agent can only trade with the funds you transfer in and can't see or access your other holdings. If you want to set up your own portfolio, it's very, very easy. They they give you the step by step. And does it cost anything extra?

05:41 No, there are no additional fees for using Coinbase for agents. Of course, standard Coinbase fees apply, but if you use promo code altcoin daily, you can unlock the cheapest fees as you trade, as well as earn up to $250 in USDC. So, of course, standard exchange fees apply, but use code altcoin daily and get an over 80% fee reduction. Link below. And the very last thing I want to highlight before I connect my agent and put my agent to work, I'll show you is that AI AI agents make mistakes.

06:16 they can make mistakes all the time. So again, if you don't know what you're talking about, if you don't know how to trade or the basics of what you how you want it to balance the portfolio or what type of research you want it to collect for you every morning, if you don't know, then your agent's not going to know or you're going to have a hard time teaching your agent.

06:35 Any information provided is forformational purposes only and not investment advice. It is not a recommendation to buy, sell or trade a particular stock or crypto. AI agents may make mistakes or fail. You direct all agent activities yourself and assume all risk yourself for transactions your agent executes. That's why I highly recommend set up a separate portfolio and give your agent a limited amount of money to start until you learn how to communicate with it and see exactly the potential.

07:09 But having said that, let's set up the agent. We're going to go and connect to any um chat GPT that you want. I prefer Grock, but again, you can use Claude. You can you can use anything you want. And you just click the button. Connect Coinbase in this case to Grock. You got to approve it. So the link you opened is a prefilled message to, in this case, Grock.

07:31 Grock will only receive what you send it. So, I'm telling Grock right now, connect my Coinbase account to Grock and tell me what I can do. We're sending it over. So, this is connecting. Okay. How to connect in Gro. Open the plugins button bottom left like right here. Search for Coinbase. Add then connect. Make sure you have a Coinbase account. Sign in when prompted.

07:57 On the approval screen, choose which portfolios you can access. So, we're going to go into plugins. We're going to scroll down to finance. We're going to find Coinbase and we're going to add. So, make sure you read all the things you're allowing this agent to theoretically do, although you can fine-tune later. And is it going to be in all portfolios and all wallets?

08:19 No. You tell which portfolio specifically, at least I did. And now that we're in, let's first ask it just to test it out a simple question. Monday morning briefing. every Monday although we'll just change this to right now to right now but every Monday give me a 60-second summary of my portfolio what changed in the last week we'll copy that then make it very easy we'll paste it and instead of in this case every Monday although settle it for whatever day you want just give me today's summary see the Coinbase connection

08:48 so as of now my portfolio summary is 177 total value this week I should pay attention to well you're already heavily in cash so So nothing drifted and main decision is intentional allocation. Either stay liquid or allocate. Can you make trades for me? Yes. With your Coinbase account connected, I can place trades for you. Spot crypto and eligible pairs, eligible equities, US futures where your account allows it.

09:17 And so this is where you have to teach it. You have to teach your bot how you like to trade. Whether it's if these three indicators hit, that's where I want you to make the trade. So for this is just an example trade. I want take 50% of my USDC and if these three indicate tours hit allocate by with 50% of my available USDC. So number one weekly RSI goes above 70.

09:59 Number two we have two we have a higher high of trading volume from current week to week. the latest two weeks. And three, buy the altcoin or Bitcoin that hits both of these only for coins in the top 12. I'm not trying to pick up a random altcoin. Give me quality. Do you understand? And then this is a question I find val very valuable when speaking when giving direction to AI agents.

10:50 I ask them this. Ask questions until you are 95% sure of what I want and give me push back if you have better ideas for me. Submit. So you'll notice that it says I understand the highle intent it tells me. It asks some clarifying questions and then gives me push back or better framing. Ask me questions until you're 95% sure of what I want and give me push back if needed.

11:14 That's how I become a better trader. That's what I feel gives me an edge trading. And if I'm entered in a competition, which by the way costs no money other than my time and trades, but if I'm in the Coinbase Cup, I mean the championship cup, this is how you get on the leaderboard or better chance. This is how you become a better trader. So number one thing that I think you have to do is just try it.

11:37 Just start it. start with five bucks, 10 bucks and start talking to this AI agent and and and using it as I hate to say the word financial adviser, but financial expert because it's not a financial adviser as your expert on how to execute winning trades a as as the indicators and strategies that you start to um hone have the AI agent do it in your sleep 247.

12:05 That's the beauty of doing it. But you got to try it. And I would start just simply with five bucks, 10 bucks because I think in two years everybody's going to be doing this and might as well get an edge now. Learn early. Another thing that I want to highly encourage is I gave you my tip on how to talk to the AI agent. You know, push back uh until you're 95% sure of what I want.

12:25 Suggest other things. What strategies do you use? Let let's let's have the altcoin daily community learn together. How do you talk to your AI AI agent? If we all post our best tips and tricks, this community can learn faster. As you sign up for Coinbase, be sure to use the link down below or code altcoin daily for much cheaper fees, up to 80% off fees, which I love.

12:48 And whether you just dollar cost average weekly or an active day trader, click register now and have your volume count. Join the Championships Cup. At least I am. Like always, see you tomorrow.