Why Should You Use a Forex VPS?
The benefits of a virtual private server (VPS) for automated trading include continuous Internet connection and faster execution speed. The VPS service is powerful, and the CPU speed is 20% higher than similar servers because they have more RAM for running processes in parallel, while minimizing the peak usage of other clients on the same server. There are some important features related to Forex VPS Hosting:
Backups
Forex VPS server continuously creates backups for your entire trading configuration, including operating system and trading software. No matter what problems your computer or device may encounter, VPS can serve as a safety net to protect you from problems that occur when your connection is unexpectedly interrupted. This means you can continue trading without missing an opportunity.
Improve latency and reduce slippage
Transaction delay basically describes the speed of your transaction execution. In other words, it is the time between when you click the “OK” button to confirm the transaction and when your transaction is received in the market.
In trading, latency is measured in milliseconds, but in such a rapidly changing market, milliseconds can be important. Therefore, the lower the delay, the better. One way to reduce latency is to physically move the computer server closer to the exchange. This is what the VPS connection provides for you.
And through quick connection, you are not prone to slippage, which is the difference in actual price between the moment you click the button to confirm the transaction and the moment the transaction is received and completed.
The online world seems to be instant, but everything takes some time. One of the main advantages of using VPS is that it can be a low-cost way to reduce latency and provide you with more reliable pricing.
Simple, safe and efficient
When you are trading foreign exchange online, it helps to think of it as the business you are running. You are essentially investing, trying to make more money. So, why don’t you choose to implement the best technology to provide yourself with the best opportunity to make more profits?
VPS is a simple and cost-effective way to help you protect the system and reduce the level of risk so that you can focus on building a path to successful traders.
Essential components in Mechanical Forex System
There are two common types of trading systems:
Discretionary trading: Discretionary trading is an “old school” trading method. You can trade manually, including evaluating your buying and selling decisions or manually entering stop loss and profit reminders. Although many traders still use certain aspects of discretionary trading, the trend is increasingly leaning towards mechanical trading models.
Machinery trading: The machinery trading system is highly automated. You use EA to do most of the work for you, so retail traders do not need to monitor or place orders in front of the screen. In this model, VPS is an important part of your system, because it can ensure that your automated transactions remain connected to the network and continue to run.
You can refer to this article to know more about what to consider when choosing a Forex VPS.