Sunday, June 13, 2010

Cheap Reliable VPS Hosting for Metatrader - A Look at Current VPS providers

Definitely one of the first things you are told you need when you start your journey in automated trading is a Virtual Private Server or VPS. These systems, as I have described in previous posts are simply dedicated servers located in reliable data centers which have triple redundant internet connections, daily backups of your files, controlled environments, better security and many other features you would definitely want to have when you are starting to trade good amounts of money or just if you want to have a reliable execution of your trading system. On today's post I want to talk about VPS hosting providers and give you an idea of which ones are the best and cheapest hosting services you can find. I will also talk a little bit about what you should look for in a VPS provider and how you should change your provider as your needs start to change.

First of all, there is no discussion regarding the fact that a VPS is needed for reliable automated trading. Even if you have a computer with an UPS and a broadband connection at home the environment itself is not reliable enough to be trusted with the live execution of trading orders. What happens if you have a loss of power for an hour ? What happens if your kids spill coke on your computer ? What happens if your house catches fire ? if your dog pees on it ? There are simply too many variables in a home environment that can affect the performance of a trading system and definitely making your home as reliable as a datacenter would be more expensive than simply paying for VPS hosting.

However we have to be realistic here and consider the amount of money you are trading and what you want to achieve. I will be totally honest with you and I will tell you that if you are considering your trading as a business, investing on a VPS if you will be trading less than 2000 USD will probably be a bad idea since your long term trading profits will most likely not even cover the expenses you pay on hosting. However if your trading capital is small you might still consider ucvhost as a good option since their lite-VPS entry level solution offers you a VPS from only 9.99 USD each month with 500 MB of RAM. VPSLand also offers very good entry level VPS solutions for under 20 USD that offer you all you need to run your first small mt4 accounts.

The reality about cheap VPS hosting solutions is that they are able to offer those very low prices due to the fact that their servers are not dedicated but shared. You get to have a VPS for 9.99 USD because you are sharing the server with many other VPS users and this might not be a good idea for reliability in the long term since your server is going to be rebooted when updates are needed regardless of the state of your accounts. Taking measures like adding your mt4 platforms to your start up menu and installing a secure autologin solution are some of the things you can do to ensure this does not affect the performance of your accounts significantly. Obviously the reliability of these VPS servers is still much higher than that of your home trading systems.

When you are trading larger amounts of capital (I would say more than 100K) I would advice against using some of this "very cheap" solutions to move onto a much more reliable VPS hosting service where you get your OWN dedicated server. This is much more expensive, at around 100-200 USD per month, but such solutions are available from most reliable web hosting providers such as hostgator. On this solutions the VPS is NEVER rebooted without you doing it personally and you truly get the whole reliability of the VPS without ever having to worry about these problems. In the end, for serious traders having a dedicated VPS is the ultimate solution to reliable trading execution (besides of course getting a triple redundant broadband connection, installing a temperature controlled room, an emergency power solution that can last for hours and an automated daily backup routine).

Do you know any cheap VPS providers you would like to share with us or any providers that give truly dedicated VPS solutions ? Have you used any of the above mentioned services and you would like to leave some feedback ? Make sure you leave your comment below if this is the case :o). If you would like to learn more about automated trading and how you too can code your own systems to use within VPS servers please consider buying my ebook on automated trading or joining Asirikuy to receive all ebook purchase benefits, weekly updates, check the live accounts I am running with several expert advisors and get in the road towards long term success in the forex market using automated trading systems. I hope you enjoyed the article !

1 comment:

Martin said...

I've tried ForexVPS and CNS, settled for CNS for now, based on price/performance for UK based virtual server.

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