Wednesday, December 2, 2020

Is VPS required for my EA?



Virtual Private Server (VPS) is a virtual computer that is offered as an online service.  VPS has its operating system running. As a customer, you will obtain super-user access that will permit you to install trading software (like MetaTrader) on that virtual machine. It will guarantee that your trading software is running without delays. For a forex trader, VPS is a useful tool, especially if you trade using forex robots or if you have signal providing service.


Regarding the nature of your Expert Advisor, the speed of execution can be of crucial importance. Scalping robots and News based robots are the ones whose trading results are positively influenced by the speed of execution. Generally, all Expert Advisors that hold the trade for a short time, operate in very volatile market conditions, or execute many trades simultaneously would significantly increase the performance with a faster connection. Expert Advisor running on VPS will always complete the transaction faster than the one running on a personal computer. The execution speed can be improved further if you use the VPS service provider whose servers are at the same place as your broker's servers.
The service provider's technical support continuously watches the VPS server, so your EA will be safe from intruders, viruses, malware, and other threats. They will install all the necessary operating system and other utility software updates. Moreover, technical support can help you if you have problems installing and configuring your trading software or Expert Advisor.


If you are in a location where you do not have a stable internet connection, VPS is a must-have accessory, especially if you trade using automated trading systems. It also defends you against power outages and ensures that your trading software runs smoothly without delays. It will happen that you will need to restart your machine due to software upgrades, and it may be inappropriate to do so if you have an active trade running. Also, you can execute the transaction while your computer is switched off. So, your VPS will guarantee that your trading platform is always online.
You can reach VPS from multiple devices like mobile phones or tablets, so you can watch your EA operating anytime while you are away from your home computer or laptop. If necessary, you can also allow multiple different users (with additional privileges) to access your VPS. So, it gives you more flexibility.


VPS service price can vary; it is charged on a monthly subscription basis, and depending on the characteristics of the servers, the price ranges from $10 per month to $100 per month. Many providers will offer a free trial period. Some brokers will give you free VPS service if you match specific deposit requirements.


When you decide which VPS service is the right one for you, many characteristics have to be considered. You have to verify what operating system is running on the virtual machine to see if it is possible to install the trading software you intend to use. Also, check if the VPS provider allows you to install all the software you intend to install. The service provider must guarantee that the server will be uptime more than 99.99% of the time.


You have to check the hardware specifications for running your trading software; this is very important if you plan to run more instances of your trading software on VPS. Check how much RAM is offered and whether it will guarantee that all your trading software will run smoothly. Moreover, the required level of operation stability is secured with Hyper-V technology for users that run forex VPS on Windows servers. At the same time, OpenVZ will give the same strength on Linux servers.


Server location is another essential factor that you should consider; it should be the same location as your broker's server location. Check if there are any limits regarding speed and traffic. Finally, check the price, take the cheapest that has all your required features.


Thus, VPS is a must-have tool if you trade using Expert Advisors or have subscribed to signal service. It will increase the performance; your trading software will be protected and easily accessible. Also, you will be sure that it will run all the time and it will improve your trading results.

Monday, December 9, 2019

Top 10 Forex Sites (2019 edition)

Here is the list of the top 10 Forex sites ranked by Alexa for 2019. It is an update of my old posts: 2018 2015

1. Investing.com - a leading site that offers technical analysis and real-time data for the forex, stocks, commodities, futures, indices, bonds and cryptos. Also, it offers many useful trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. TradingView - a social network for traders and investors with live quotes, stock charts, and expert trading ideas.

4. Trading Economics - a site where you can check and download many different economic indicators

5. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

6. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis,  and a currency converter

7. Babypips - simple easy to understand guide for teaching beginners how to trade

8. Mataf - forex trading tools, daily exchange rates, and currency analysis

9. Dukascopy - a leading Forex ECN broker and a bank

10 Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

Thursday, December 5, 2019

CADJPY - Long

CADJPY is continuing a bullish after bouncing from the channel support in a bullish channel that was formed in mid-August. Yesterday's Bank of Canada meeting boasted the move.

Tuesday, February 20, 2018

Top 10 Forex Sites (2018 edition)

Here is the list of the top 10 Forex sites ranked by Alexa for 2018. It is an update of my old post:

1. Investing.com - a leading site that offers technical analysis and real-time data for the forex, stocks, commodities, futures, indices, bonds and cryptos. Also, it offers many useful trading and investment tools.

2. Forex Factory - a forum that includes market calendar and news

3. Trading Economics - a site where you can check and download many different economic indicators

4. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts

5. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis,  and a currency converter

6. Babypips - simple easy to understand guide for teaching beginners how to trade

7. Mataf - forex trading tools, daily exchange rates, and currency analysis

8. Dukascopy - a leading Forex ECN broker and a bank

9. FXCM - a leading Forex broker

10 Forex Peace Army - reviews of Forex services, resolves Forex scam incidents

Link to Top 10 Forex Sites - 2019 edition

Wednesday, January 31, 2018

Long EURCHF

We have entered long EURCHF trade at 1.1615 with stop loss at 1.10 and take profit at 1.22. We expect SNB policy to remain its the current policy for an extended period of time, while we expect that CHF will be used as a funding currency.

Tuesday, January 16, 2018

Where I can find a good MQL developer

MetaQuotes Language 4 (MQL 4) is a programming language that is used to program Expert Advisors, Custom Indicators, Scripts and even libraries for Metatrader 4 trading platform. It is not a simple programming language and if you do not have any programming knowledge it might be hard to learn the language.

However, it does not mean that you will not be able to automate your trading strategy. In order to do so, you can rent an MQL 4 developer. The best resources are:


  1. Upwork – a leading freelancing platform where you can find experts from many different fields including MQL developers

  2.  MQL5.com – a platform specially dedicated to MQL developers

  3. Freelancer -  another popular freelancing platform

Thursday, August 31, 2017

Top 10 Forex Forums (2017 Edition)

This is a new update of my old post. As I said, a forex forum is an online discussion site where other people hold conversations about the Forex market and trading in general in a form of posted messages. The most popular Forex forums are:

1. Forex Factory - (Alexa rank: 3362) - a leading online Forum with a huge trader base and established reputation

2. MQL5 Forum - (Alexa rank: 5519) - official forum of Metatrader users

3. My FX Book Forum - (Alexa rank: 9274) - well-known Forex site with a forum

4. Babypips Forum - (Alexa rank: 16476) - one of the best Forex educational sites with forum

5. Forex Peace Army Forum - (Alexa rank: 41254) - another well-known Forex site with a forum

6. Arabic Trader - (Alexa rank: 48746) - forex forum in Arabic

7. EliteTrader - (Alexa rank: 56382) - forum without subsections

8. MT5 Forum - (Alexa rank: 61207) - a forum of Metatrader users

9. EarnForex - (Alexa rank: 77081) - another well-populated Forex forum

10. Trade2Win Forums - (Alexa rank: 100553) - a forum dedicated to Forex traders

Happy trading !!!