To automate your trading you will need a good VPS server. If you don’t have a good and reliable VPS server it can cost you a lot of money in the end. In this article I will tell you all about it.
What is a VPS?
A VPS is a computer which can be controlled on demand from you own computer. So actually a computer but with a digital screen in stead of a real screen. The digital screen can be seen and controlled from your own PC.
The vritual computer is set somewhere on a safe location with for example a lot of server somewhere in a server space. A company where you rent your VPS will take care of keeping the VPS online, up-to-date and keep it running without downtime.
Why use a VPS?
If you want to trade with metatrader or use a trading robot to do the trading for you have to keep metatrader online. So if you run your automated trading program, forex EA, trading robot or whatever your computer with metatrader needs to be online and running all day all week.
You can do this with your own computer but it will cost you a lot of power and with that in the end money. Also to keep it running you will have to keep it up-to-date constant and you can’t risk to use the computer for other work.
Multiple accounts
If you use a VPS and run a algo trader or trading bot on your Metatrader platform it may ocure that you want to use multiple trading accounts to test different settings of your trading bot. If you use a VPS this is possible. I myself run 3 Metatrader 4 accounts at the moment on the same VPS. So if an account gets blown because of bad settings I still have two other accounts running a different setting.
If you want to use multiple Metatrader accounts and multiple Metatrader terminals you want to have to look to the VPS performance before you do. You may want to invest in a stronger VPS to have enough power to host multiple Metatrader accounts at the same time.
VPS solution
So in the end it will save you time and money by using a VPS. Just set up metatrader and set up the robot or automated trading program you want to use and make money without even have to look at it.
To find a reliable and not to expensive VPS computer or server I did some research for you. Click on the button below to view my latest top 3 trading VPS hostings.