To use an expert advisor in a serious manner as part of an automated trading strategy, it is strongly recommended that one use a VPS server.
A VPS (Virtual Private Server) acts as a virtual machine, operating 24h/day on a server that's specially dedicated to running an EA on the MetaTrader trading platform.
Traders therefore do not need to leave their computers on. Furthermore, this protects them from internet connection failures, power failures and equipment accidents.
By opening an account with a VPS provider, a trader can access the virtual server via his or her usual web browser and login details. The server runs like a remote computer - traders can install the MetaTrader trading platform on it and configure their EAs.
By using a VPS that is special dedicated to forex traders, the hosting environment will already have been configured and optimised for Forex trading. The MetaTrader platform will typically already be installed.
XM.com offers a free virtual private server through its partnership with VPS Beeks FX.
XM.com's MT4 VPS service is free for all customers holding an account of at least $5,000 and a minimum monthly trading volume of 5 lots per month.
The VPS is located nearby (just 1.5 km) from XM's data center in London. The fiber optic-based connection ensures of a very rapid data transmission speed.
In partnership with Beeks Financial Cloud, HF Markets offers a free VPS for clients who have an account of over $5,000.
Beeks Financial Cloud is present in 9 international data centers to guarantee lightning-fast response times. Their priority is to provide low latency and strong VPS infrastructure solutions for traders, along with an easily accessible trading platform.
The Windows VPS plan is absolutely free for the first month. After the free trial, the plan only costs $12/month.
It includes the quick initial setup of your virtual machine by AccuWebHosting.
The quick install includes the operating system as well as one of the following applications: IIS Server, the latest ASP.Net frameworks, Microsoft SQL Server database, PHP with Fast CGI, a mySQL database server, the MailEnable server and any other software that you request during the registration process.
Try out the VPS for free (1 month)!
Find the optimal VPS Forex location in relation to your broker.
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