Build a Super Advanced Trading Bot on DYDX Hosted on AWS with Python - AWS EC2 - Plan of Attack

The video tutorial guides viewers through deploying a trading bot to the cloud using AWS. It covers creating an AWS account, understanding VPC and EC2, and selecting the appropriate region for hosting. The tutorial explains setting up an EC2 instance, integrating with GitHub, and managing environment variables securely. It also details configuring Cron jobs for scheduled tasks and setting up security measures for inbound and outbound traffic. The goal is to ensure the bot operates efficiently and securely, with real-time communication and data fetching capabilities.

What is the benefit of hosting your bot in the same region as the service it communicates with?

• Easier maintenance

• Increased security

• Faster communication

• Reduced hosting costs

What does AWS provide by default when you create an account?

• A private subnet

• A default VPC

• A free EC2 instance

• A security group

What is an EC2 instance in AWS?

• A machine learning model

• A virtual storage service

• A rented virtual machine

• A database management system

Why is it important to keep environment variables off GitHub?

• To save storage space

• To prevent unauthorized access to sensitive information

• To improve code readability

• To ensure faster code execution

What is the purpose of setting up a Cron job for the bot?

• To schedule the bot's operation

• To automate code deployment

• To monitor system performance

• To enhance security settings

What must be configured to allow inbound traffic to an EC2 instance?

• A security group

• A private subnet

• A VPN connection

• A load balancer

How can you verify that the bot is functioning correctly?

• By testing the bot locally

• By reviewing the EC2 instance logs

• By monitoring messages on Telegram and trades on dydx

• By checking the AWS billing dashboard