Tutorials & Use Cases
Last updated
Last updated
To help users make the most of our tools, we provide tutorials and use cases that demonstrate how to get started and succeed with Outlight’s platform. Below is an example tutorial for the Outlight Auto-trading Bot on Telegram, which highlights the key steps and features for new users:
The Outlight Auto-trading Bot is a Telegram-based tool for tracking trading signals from well-known investors (KOLs), available on both X (Twitter) and Telegram, and automatically copying their trades. It allows you to mirror the moves of experienced traders. In essence:
Goal: Enable users to track and mirror trading signals from experts on platforms like X (Twitter) and Telegram.
How it works: You select which crypto influencers (KOLs) to follow. When those KOLs make moves — such as posting about a token or following a new project — the bot can automatically replicate their trades in your connected wallet, if you have set it to do so.
To start using the bot, follow these initial setup steps:
Launching the Bot: Open Telegram and find the Outlight Trade Bot (you can use the provided link or QR code to locate @OutLightBetaTradeBot).
Once you’ve opened the chat, click the “Connect Wallet” button to begin the setup process.
Accept Terms of Use: After clicking Connect Wallet, the bot will prompt you with the terms of service. Review the terms, then click “Launch” to agree and proceed.
Create Your Crypto Wallet: Next, the bot will guide you through creating a secure on-chain wallet if you don’t already have one. Click “Create Your Wallet” and the bot will automatically generate a new wallet address for you. (Make sure to save your seed phrase or backup as instructed, for security.)
Delegate Wallet Access: Once your wallet is set up, the bot will ask for permission to execute trades on your behalf. Click “Delegate Access” to allow the bot to process automated transactions under your instructions. Note: You can revoke this access at any time if needed.
Enable Offline Access: The bot may display your new wallet address (for example, CHvXz...JRmH) and request permission to manage your account when you’re offline. Confirm the address is correct and click “Accept” to ensure the bot can run 24/7, even if your Telegram app is not active.
Go to Home Screen: Once setup is complete, tap “Track and Trade” (the main button on the bot’s home panel) to start using the trading features. This will take you to the bot’s main interface where you can configure which traders to track and view your portfolio status.
<a href="Track and Trade">Below</a>, on this page, you will find a step-by-step guidelines on how to set up your auto-trading strategy here.
At the bottom of the bot’s interface, there are six main navigation buttons.
Here’s what each one does:
Buy: Manually buy a cryptocurrency by entering its contract address or selecting it from a list.
Sell: Manually sell a cryptocurrency from your portfolio.
Referral: Generate your referral link to invite friends. If others join via your link, you may earn rewards or bonuses.
Portfolio: View your current assets and their performance. This shows what tokens you hold and their values.
Wallet: Manage your wallet (e.g., view address, add or withdraw funds, or export your seed phrase for backup).
Settings: Adjust bot settings such as the default amount to invest on each trade, notification preferences, and other parameters.
<b><a id="Track and Trade"></a></b>: Likely the main button that takes you to the tracking and trading panel. Click it to get started.
Using these buttons, you can control the bot and make manual trades or adjustments as needed. They provide quick access to all major functions without having to remember text commands.
When you first start, the bot might suggest a few popular KOLs to track.
Tap the "Track and Trade" button from the welcome screen. This will bring you to a screen similar to the second screenshot, which shows the tracking configuration for a specific user.
On the top, you'll see information about the KOL, such as their X handle (@mrpunkdoteth in this example), follower count, and description.
The bot tracks the user's events on X (new posts) and whether they follow another accounts. Such events are filtered to only include token-related ones. When a relevant event occurs, the chosen action is triggered.
Notify/Do Nothing: Choose what happens when the KOL posts or follows a new account. "Notify" will send you a notification. "Do Nothing" will ignore the event. You can set this independently for "Post" and "Follow."
Trade Amount: Specify the amount of SOL (Solana) to trade when a signal is triggered (0.01 SOL in this example). This is a crucial risk management setting!
Tap the "Post: Notify" or "Follow: Notify" buttons to change the action.
Tap the "Trade amount" to adjust the amount you're willing to trade per signal.
By choosing which KOLs to follow and setting the actions and trade sizes for their signals, you tailor the bot to your personal trading strategy and risk tolerance.
After you’ve set up your bot and configured some KOLs to track, here are a few tips:
Start by tracking one or two influencers that have a solid reputation or whose investment style you understand. As you get comfortable, you can add more.
Use the Settings to establish risk limits (for example, a maximum amount to invest per day or per trade) to control potential losses.
Keep an eye on your Portfolio section. This will help you monitor how well the copied trades are performing and let you evaluate the effectiveness of the signals you’re following. Over time, you might decide to stop following a KOL if their signals aren’t profitable, or increase your investment amount if a particular strategy is working well.
Important: Remember that cryptocurrency trading carries risk. The Outlight Trading Bot is a tool to facilitate trading, but it does not guarantee profits. Always invest only what you can afford to lose, and consider doing your own research on any tokens or signals you follow. The bot can enhance your trading efficiency, but wise investing still requires caution and discretion.
We hope this tutorial helps you get started with the Outlight Trading Bot! If you have any questions or need assistance, our support team is here to help – feel free to contact us at on Telegram.
