CREATE USER repluser@'%' IDENTIFIED BY 'replpass';
GRANT REPLICATION CLIENT,REPLICATION SLAVE ON *.* TO repluser@'%';

CHANGE MASTER TO
master_host='10.20.30.40',
master_port=3306,
master_user='repluser',
master_password='replpass',
master_auto_position=1;

CHANGE MASTER TO
master_host='10.20.30.40',
master_port=3306,
master_user='repluser',
master_password='replpass',
master_log_file='mysql-bin.000001',
master_log_pos=4;

MYSQL_USER=root
MYSQL_PASS=whatever
MYSQL_CONN="-u${MYSQL_USER} -p${MYSQL_PASS}"
DB_TO_DUMP=mydb
MYSQLDUMP_OPTIONS="--routines --triggers"
MYSQLDUMP_OPTIONS="${MYSQLDUMP_OPTIONS} --master-data=1"
MYSQLDUMP_OPTIONS="${MYSQLDUMP_OPTIONS} --single_transaction"
MYSQLDUMP_OPTIONS="${MYSQLDUMP_OPTIONS} -B ${DB_TO_DUMP}"

date > live_dump_and_load.runlog
mysqldump ${MYSQL_CONN} ${MYSQLDUMP_OPTIONS} | mysql -h10.20.30.50 ${MYSQL_CONN}
date >> live_dump_and_load.runlog

chmod +x live_dump_and_load.sh
nohup ./live_dump_and_load.sh &

watch cat live_dump_and_load.runlog

START SLAVE;