Showing posts with label ea. Show all posts
Showing posts with label ea. Show all posts

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.

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

Friday, May 17, 2013

Profitable trading using Forex Robots (2)


Due to huge interest was shown in the previous post about commercial Forex robots. I have decided to extend the list of recommended ones by two new ones.

  • WallStreet Forex Robot
    • Trading pairs:  EURUSD, USDJPY, GBPUSD, USDCHF on 1-hour time-frame
    • Average weekly gain: 2.24%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website

  • Forex MegaDroid
    • Trading pairs:  EURUSD on 1-hour time-frame
    • Average weekly gain: 0.38%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website
Once again, I remind you that before you start trading on a live account follow the procedure explained in the previous posts about the robots and keep in mind the rules about the testing.

  


Wednesday, May 1, 2013

When is your Expert advisor ready for live account trading?

Whether you have developed or purchased an Expert advisor there is a certain procedure that has to be followed before the Expert advisor is ready to trade on a live account. 

The first step is called Back-testing. Back-testing can be performed with the Metatrader platform using a Strategy Tester tool. Back-testing is not reliable, however, it is the first step, it is fast and it can give you some picture of your robot. Back-testing results should not be considered at all if your modeling quality is under 90%. Modeling quality can be improved if you import the history data. That data can be found at forextester.com

Strategy tester has two very useful back-testing features: optimization and visual mode back-testing. Optimization compares the trading efficiency with different values of robot entry parameters. It can help you to choose the most profitable combination. Back-testing in visual mode is very interesting when you are developing your own Expert advisor, so you can check does the robot follows your strategy completely.
 
When your Expert advisor accomplishes satisfactory results on back-testing, it is ready for the testing on a demo account. So, put the EA using the best performing back-testing entry parameters on a demo account and leave it for 3 weeks to three months. The duration depends on the time-frame EA has been using. For EAs trading on 1-minute charts, 3-week testing is fine; those trading on 4-hour charts should be left for 3 months on the test. If your EA has achieved satisfactory results on a demo account, it is ready for live trading.
 
Optionally, to be more certain you can start live account trading on a smaller account or using a smaller amount of lots (if is it available) as an entry parameter. Then after one month, you can switch to live to trade on the normal account. 

Well, if you have followed the testing process completely and if your EA has successfully passed all steps. You will certainly enjoy live account trading.

Friday, April 26, 2013

Profitable trading using Forex Robots


Forex robots or Expert Advisors (EA) are the applications that automatically open and close the trades on the Forex market. The trading using forex robots is called automated trading and it can be very profitable.

Automated trading is very suitable for those who want to participate in the Forex market, but do not have the time to dedicate themselves fully to the trading. It useful for those traders who have the problem with emotions, concentration and with the ability to follow a previously set strategy. Also, the traders who can't achieve better result manually would consider the Expert Advisors.

For automated trading, you need a computer with a good Internet connection and MetaTrader 4 platform installed. You will need a Forex broker that is providing Metatrader 4 as a trading platform and that is allowing trading with EAs. Finally, you need an Expert Advisor installed.

So, which EA to chose? The offer on the Internet is huge. Unfortunately, lots of them are scams. Either they are not profitable or they ask for an unlimited amount of money. Well, I have selected two that are profitable and guarantee a quick return of investment.

  • Forex Growth Bot
    • Trading pairs:  EURUSD on 15-minute time-frame
    • Average weekly gain: 2.63%
    • Min. deposit: $250
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website

  • Million Dollar Pips
    • Trading pairs:  EURUSD on 1-minute time-frame
    • Average weekly gain: 4.62%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website
Finally, when you get the Expert Advisor, firstly I strongly advise reading the manual first and get familiar with the entry parameters. Secondly, test your EA on a demo account for 1 to 3 months before you start using it on a live account.

Happy trading!

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