1. What is Virtual Private Server(VPS)?
Virtual Private Server(VPS) is a computer seperated by a special software into pieace of parts, each one with its own Operating System(OS), and they look like a dedicated server to its owners, where they can run their own software. Below we are going to explain you what are the advantages, disadvantage, the reasons why to use virtual private server, and we will highlight what you should take into consideration before renting VPS.
2. Advantages/Disadvantages of using VPS
Firstly, VPS will provide 24/7 connection to Internet and it will guarantee that your metatrader 4 terminal and forex robots will work. As you know this is very essential in the forex market in order not to miss any trades and can manage opened/closed trades.
Using VPS you will guarantee that your mt4 terminal and expert advisors(ea) work 24 hours a day, during the open hours of Forex Market. However, if you use your own computer you can miss this because of these factors computer goes to sleep, hibernate, power supply interruption, internet connection issues. These are the most know issues but if you think you can come up with even more.
On the other hand, you can closely watch the trades wherever you go, so you do not need to move your desktop computers, laptops with you. You need only internet connection and smart phone to login to your VPS server.
Another very important part of using VPS is the security. Virtual Private Servers offered by the best companies also come with the best security. These companies continuesly check their servers to make sure they work without interruption and many of them guarantee 99.9% uptime. They offer antivirus software to ensure your system is safe from vulnerabilities.
Last but not least, it will reduce your slippage. VPS can execute more quickly your trades than your computer because it is much faster transmitting the orders. Even though you can decrease this slippage time if you get a closer VPS server to your broker. Slippage may cause you to lose money so having VPS is a great way to reduce these losses.
The big disadvantage of using VPS is that it can be an expensive service.
3. How to choose Virtual Private Server(VPS)?
In the first place, you need to pay attention is the variety of companies who offer expensive VPS. So, before renting you should take a closer look to the characteristics of the VPS. In our opinion, you should pay attention to the disk space that you need, check the RAM memory. You should check also what type of Operating System(OS) they offer because some of the expert advisors(ea) does not work on Mac OS or vice verse. While choosing you have to read carefully the specification if they are special vps for forex market or a hosting company, because some of them offer only webhosting which are not for forex robots and metatraders. Last but not least, you must read reviews for the company who offers VPS.
We hope this article will help you to get a closer look to the virtual private servers(vps), specially for forex robots(ea). If you think we may add more information for this article we are ready to hear your thoughts and comments. You can contact us via our contact form.