Once you've done your testing and become serious about using an Expert Advisor on MetaTrader, you'd almost certainly want to host it in a reliable Data Center so you can switch off your PC, however, reboot it when you want to install a new program or simply because you're concerned about the reliability of your Internet connection.
You go and start looking for VPS providers and many of them look good. The cheapest one you can find is about $ 27 / month and they go all the way up to $ 150 / month.
If you plan to start trading FOREX online you will of course be using a software system. This system will make it easy for you to get information quickly about market prices and make trades. There are two types of FOREX software available, client based and web based.
As the FOREX market is a fast moving market and you will need up to the minute information to make informed transactions, it is up to you to see you have a high speed internet connection. Dial up internet access will absolutely not work for this. Another consideration could be the location of...
You pick one, install your MetaTrader and off you go …. You do think …. Soon you may realize that when you disconnect using your Remote Desktop client, they automatically terminate your session and stop the MetaTrader 4 as well.
Off you go to the next VPS provider. you're now careful and make sure they don't terminate your session when you disconnect. Everything looks OK now with this provider. Then after a month of happy use the system is down for a whole day. Then next week it's down for 4 hours. You don't get any notification and didn't even realize it was down until you login 3 days later and noticed that your MT4 isn't running and you've just lost a lot of money because of that.
It happened to me …..
This time I didn't change VPS provider. Told them how disappointed I was with the service and theyaved me a new server on a more reliable node. I'd to reinstall all of the MetaTraders and EAs I use. Fair enough, things went well for…