Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
VPS Binary Options Trading
Trading Binary Options can be a time consuming affair. You need to constantly monitor your positions and take the time to understand the dynamics involved.
In fact, trading Binary Options can be a full time affair with those that have experience in the industry benefiting the most.
Indeed, some of the best Binary Option Professionals on the market make use of a powerful tool that is actually available to everyone. Yet, most people shy away from these tools as they appear slightly complicated.
One of these tools is a VPS, the most important piece of trading technology available to the Pro.
What is a VPS
A VPS (Virtual Private Server) is a remote virtual machine or computer that is usually used in the web hosting business. However, as people have been developing automated tools that required a machine that was dedicated to that task, the VPS has expanded beyond web hosting.
One of the automated tasks that people tried to allocate to a VPS was algorithmic trading. This was in fact something that was always present with algorithmic hedge funds who had their own dedicated servers that did the trading.
However, there were many traders who developed their algorithms but did not have the benefit of a dedicated server in an office. These could not run the algorithms on their own personal machines. This was because they did not have the computing or networking power to complete the tasks required by these algorithms.
It was as this point that these traders decided to rent the computing power that they required for this. Ever since then, most serious Forex brokers began renting VPSs that traded for them.
This was also most recently replicated in the Binary Options industry as those same forex traders recognised the benefit of VPS Binary Options Trading
What are the benefits of a VPS?
Many traders may be asking why they need to trade with a VPS? This comes down quite simply to your goals as an algorithmic trader. Yes, you can run a trading algorithm on your laptop assuming that you have the programs running 24/7, but this is indeed unrealistic.
Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
Moreover, the speed of the internet in your home network is not even in the league of that in a highly connected data centre where the VPS is held. This is especially important for the trader that needs to enter their trades in a limited window when an opportunity for entry opens.
Here are the benefits of VPS Binary Options Trading with your algorithms.
Trade at all times of the day
The advantage of the VPS is that you can leave it running 24/7. Unlike with your home PC, a VPS can be left on for extended periods of time and does not require being restarted regularly. Once you have logged out of your VPS and set the trading algorithms up, it gets to work trading.
Trade from Anywhere
One of the many reasons that people choose to trade Binary Options is because they are able to trade from a number of different locations around the world. Trading Binary Options allows them the benefit to travel the world and log in to trade their accounts. However, for the algorithmic trader who uses advanced trading technology, it can be hard to just pick up and travel if you have your PC trading in an automated fashion.
When you are VPS Binary Options Trading, there are no restrictions on where you can go and what you can do. The VPS is held in a data centre and you can access it from any location in the world through a remote desktop connection. The trader can log into the VPS in the evenings and check the trading positions, make tweaks and continue with their travels.
Trade despite Outages
We can all admit that there have been times when we have been unable to trade due to either power outages or network downtime at our houses. This is indeed quite frustrating as there is nothing worse than losing connection to a platform when your broadband falls or you have an electricity cut at your home.
A VPS is held at a data centre which has to have completely uninterrupted power supply as well as network connectivity. Hence, you will not have to ever worry about potential downtime on your positions.
If you were worried about any sort of security issues when trading your account on a VPS, this is unnecessary. In fact, the VPS and the data centre are likely to have much better security protocols than you have on your home PC.
Due to the fact that these VPS servers are used for web hosting and other business critical purposes, the security and anti-malware systems in place must be extremely robust. Hence, you can feel pretty assured that the VPS that you are renting will have the latest in security and antivirus protections.
How Choose a Binary Options VPS
Setting up a VPS usually requires the trader to rent a VPS from a Hosting provider. The trader could either order a standard spec VPS from a hosting provider or rent a specialist Forex or Binary Options VPS. The latter could be an option should you wish to include a number of other services on the VPS such as EAs or other trading programs. The VPS provider can assist you setting this up. However, regular hosting can be cheaper and there is more scope for tweaking the offering.
If you are going to be using a normal webhost, you will need to decide on the software that you want on the machine. In terms of server operating systems, the two most used are Linux and Windows. Hence, the trader could either rent a Windows VPS or a Linux OS based one. It is important to point out that the server choice should depend almost exclusively on what software is best known to the trader.
The trader should also determine the technical requirements on the server such as Ram, Hard drive and CPU power. Of course, if you are only going to be using the VPS for running one programme then the entry level server would work. If you want minimum latency on the orders then you should consider ordering a server that is located in a data centre that is relatively close to your broker.
How to set up a Binary Options VPS
Once you have purchased the VPS, you will be sent the login details of the machine via email that will enable you to access the server and connect to the machine. Once you have remote access to the VPS, you can download and install the Meta Trader that is applicable to your server operating system.
If you are running another trading script then you will need to see which server software that it is best suited too. Once the trading programs have been installed, you need to log into your account while on the VPS and set the trading parameters as you would if you were using your normal PC.
You can then simply close out of your remote desktop connection and allow the trading algorithms to operate. It is of course wise to check in on your account every 24 hours just to make certain that the algorithm is trading in a reasonable fashion.
Although the VPS should theoretically be on 24/7 there do come times when the server provider reboots the PCs just to make sure that they are up to date with the latest software etc. This is, however, only done on weekends in periods of least traffic or usage.
How to use your VPS
Once your VPS is up and running and you are ready to start trading remotely, you have to decide on what you would like to use the VPS for. In the case of the of a Forex trader, you may want to use it with Meta Trader 4. This could allow you to either code algorithmic trading scripts that make use of signals or you could make use of an Expert Adviser.
Alternatively, if you are trading binary options, you could make use of signal services that trade on a VPS in an automated fashion. These allow the VPS trader to make use of third party signals that can trade on their account with the VPS that they have set up. This will usually be on the third party’s dashboard where the signals are then replicated on your trading account by using the broker’s API.
How to Trade Binary Options Profitably
Every trader is looking for the edge. Traders are always in the pursuit of ways to increase their trading profitability.
Many are of the view that there is a simple solution to their trading profitably. They think that they need to follow a simple strategy, method or use certain software that will lead to endless returns.
Unfortunately, nothing is that easy. Trading Binary Options is just like any other undertaking in life. In order to really well you have to devote some time, effort and have strong discipline.
Although there is no such magic formula, and it depends on individual circumstances, there are certain things that you can do to increase your chance of trading binary options profitably.
Set Realistic Goals
Too many people who get involved with Binary Options have completely unrealistic goals and expectations around what they can realistically achieve trading. They have a view that they merely have to place a few trades a day and their bank account will grow exponentially.
Indeed, this was probably as a result of the many binary option scams that seemed to litter the internet. It made many new traders think that they were invested in some sort of revolutionary product where the simple rules of risk and return did not apply.
In financial markets, the efficient market hypothesis states that markets are perfectly efficient. What this implies is that traders are rewarded more in profit for taking more risk. If there is a situation where the returns are not roughly equal to the risks, it would be quickly priced out of the market.
Moreover, psychologically having unrealistic return objectives can hamper effective trading decision making. For example, if you are “only” achieving 10% a month you may think that your performance is far from what is reasonable. You then start taking more risks and using really inefficient and dangerous strategies.
Therefore, you need to have the right goals and return objectives in place when you trade binary options. Even if you are “only” able to achieve 10% returns per month on your trading objectives this should be looked at positively. It is probably still better than the returns you can expect on the S&P 500 or FTSE 100.
Start from the Basics
Binary options are derivative instruments on other assets. This means that their value is derived from that of some underlying other asset such as equity or forex. Therefore, before you can actually trade binary options profitably, you have to have a basic understanding of what drives the underlying asset price and how to trade that.
This means that you will need to brush up on your knowledge of basic economic principles as well as how various factors impact on asset classes. What is the interest rate parity relationship and how will interest rate announcements move the Euro Dollar? How will the latest company earnings results impact on the share price of some of the largest companies?
This does not require an in depth analysis and Economics / Finance are vast disciplines that incorporate numerous different concepts that are not relevant. It is merely required that a binary options trader knows what could move the needle and impact on the price of the asset while they are trading.
You should also decide which asset class is the most interesting for yourself to trade. Stocks and Equities are more “traditional” as people have a fair idea of what the company does and there are usually a defined list of factors that will impact on the stock price. However, if you would like to trade out of hours or overnight, the Forex markets are nearly always open which could allow you to trade binary options after work.
It is also important for the trader to focus on a particular asset type and possibly even an individual asset. This is because traders who are able to specialise and zone in on only one asset are generally more proficient at it. If one trader is able to study everything there is to know about that asset then they can be much more profitable doing it. Although this may seem quite narrow for an open minded individual, the main goal is profitability and in trading one can’t really be a “jack of all trades”.
Understand Binary Options
Once you have an idea of which underlying asset you would like to trade and how it moves, you need to take the time to understand the basics of binary options. Traditional OTC (Over the Counter) binary options that are traded on Wall Street are indeed quite exotic and complicated instruments. There are a number of factors that goes into pricing these options.
However, in order to trade binary options profitably, the underlying theory behind it is not really required. However, knowing exactly how the payoff structures work as well as all of the inputs is essential. There are also a number of different binary option types that the trader can make use of at some brokers. Knowing how each of these are used combined with the strategies that we talk about below can really improve your profitability. There are numerous binary option education resources online for you to read up on.
Trade with a Strategy
This is where nearly all new traders’ profitability tends to take a knock. They just jump into trading binary options without having any strategy. Too many traders treat trading like gambling and merely enter and exit trades based on their feeling of whether the market will move in the direction that they have assumed. Although some traders may enjoy this type of trading, those who want to really be profitable need to be structured.
When it comes to developing a trading strategy, there is no one size fits all. Trading strategies are usually split into two different types. These are technical strategies and fundamental strategies. These are synonymous with technical and fundamental analysis which is the study of these strategies.
Fundamental analysis is the study of the underlying economic factors behind the asset. These fundamental factors are things like interest rates, GDP, inflation and balance of payments when looking at Forex. They are also such numbers as earnings, ratios and financial analysis when taking a look at stocks and equity. If you are the type of trader who likes to deeply analyse numbers and trade over the slightly longer term then you would be more interested in fundamental analysis.
Technical analysis is the study of charts, indicators and key price levels. It is based in the belief that trends follow the same pattern with regularity. Hence, they study different charts and learn to spot key resistance / support levels. This strategy is focused more on the short term and is used to a large degree by day traders. If you are interested in fast paced trading and have a keen eye for patterns then technical analysis could be of interest to you.
Of course, the best traders have an understanding of both and don’t trade only one strategy in isolation. You would need to have a vague understanding of how general fundamental numbers will drive the binary options that you may be trading with a technical based strategy.
Apart from the trading strategies, you also have to have an effective money management strategy. This strategy can really impact your Binary Options profitability. A trader cannot merely invest a continuous amount of funds when trading binary options. They would need to decide how much they should invest based on a number of factors. This is also where discipline comes in. Emotion can often lead a trader to invest more or less than they should which is based on factors which have nothing to do with the numbers, “fear” and “greed”.
Find the Right Broker
Where most traders see their profitability plummet is when they use an ineffective, or even worse, dishonest broker. This is probably why so many people are scared to invest with these instruments. There are any number of stories about binary option scams which has led to some traders giving up on trading all together.
This is unfortunate as a little due diligence on the broker could have gone a long way. It is not just about jumping with the first broker who gives you a call and offers you endless riches. It is about trying a number of different brokers and asking them all the really important questions.
When you are deciding on what binary options brokers to use you should make sure that a few fundamental boxes are ticked. Is the broker regulated? What are their policies with regards to withdrawals and what are the spreads? More importantly, what tools do they have on their platform and is it functional? If most traders ask these questions, they will greatly improve trading profitability.
Of course, finding a broker that does tick these boxes is great, but you cannot be certain that this is indeed the best broker or platform for you. That is where the binary option demo account can be extremely handy. Not only can this give you a chance to see how efficient and functional the broker platform is, but it also allows you to get a better sense of how the broker operates.
Similarly, because the demo account is free, you can open as many as you like with other brokers. You can test out a number of different brokers and see which platform works best for your trading style. Another great benefit of a demo account is that it allows you to practice your trading strategies mentioned above in a non-threatening manner.
Most brokers would give you more demo funds if you were to run out and hence there is no downside to using a demo account to your heart’s content. It also allows you the opportunity to adapt your trading strategy and tweak it should you not be achieving the profits you will have liked. It may be a cliché, but in binary options trading as in any other discipline, practice makes perfect.
Persistence to Profitability
One of the most important ways to trading Binary Options profitably is through persistence . There may be times when a strategy that you have previously used did not work according to plan. This is sometimes not as a result of your trading but due to abnormal market conditions. This should not deter you from trading any further. Even some of the best traders in the world have been through periods of losses. However, they have sometimes come back with a vigorous and profitable return.
When you have had a period of losses, this could merely be temporary. Markets often tend to revert to a mean and a long term trend line. Hence, if your strategy has been profitable over a certain period of time in the past then a short term loss should be looked at in the context of a longer term horizon. This is another very important reason as to why you should not have unrealistically short time horizons as your expectation.
Sometimes, a strategy itself does indeed break down and what has worked in the past is no longer the case. This should also not be a reason for you to throw in the towel. Trading is a never ending learning experience with opportunities to refine or adapt your strategy at every corner. Try to understand why your trading approach is no longer working, think about whether it needs to be scrapped or merely adapted.
Trading Binary Options profitably also requires constant development. As an online trader who usually operates on their own account, there is usually a lack of interaction that is one would find as standard in other industries. This is why trading communities such as the Binary Trading club are a great way to interact with fellow traders. This will give you the opportunity to bounce ideas off of other traders and ask them for help in shaping your binary options trading strategy and making it profitable .
The Complete Guide to Forex VPS MT4
Last week, I released a new expert advisor/indicator that a lot of members and followers of Forex School Online had been asking for. This EA (Expert Advisor) makes managing trades a heck of a lot easier, especially when you have a longer time frame trade running and you are at work or you want to go to bed and you don’t or can’t be at the computer to put your trade to break even or lock in some of that profit. You can download this indicator for free here.
Whilst this indicator can really help you and take a huge weight off your shoulders, something that you really need to think about and, what I will be helping you with today, is that; if your computer is not running, then your indicator is not running . If, for some reason, your internet stops running, then your EA is no longer running and your positions will no longer be set up to be moved to break even or lock in profit and you could potentially take on a bigger loss than planned because you did not get to break even.
We also need to remember that, unlike orders in the market like a take profit or stop loss for example, that you can put in and leave and walk away from, the EA is not a fixed order that is set into the market and it needs to be triggered by your price moving into profit.
When you set a normal take profit or stop loss at the start of a trade, you set it and it is put into the market. The broker can see it and it does not matter whether you turn your computer off or you blow your internet connection up for all that matters. It is set and ready to be triggered.
The Potential Problem
As touched on above, the biggest issue is that the Forex School Online Break Even Indicator requires you to have your MT4 charts running to modify orders and have price move to break even or lock in profit. Obviously, there are a lot of factors that go into running MT4 charts from a laptop or computer and a few of the major issues that could become a problem, should they not work properly are:
– Wear and tear on computer/laptop – explained below in the solution
It is not just as simple as turning on your computer or laptop and running the indicator. If you are running a desktop computer, then power is obviously vitally important and any power cuts are going to be a major issue.
With laptops, they can be prone to overheating with long work loads and this is something to think about if you are looking to run the indicator on your laptop and you don’t have a more powerful desktop.
The other tricky one to consider can be internet connection, which you have no control over at all. Whilst in 2020, as the internet is getting better all of the time, networks are often having 15 minute to 30 minute downtime periods for anything from technical glitches to upgrading their systems.
I have an example of this myself just this week. I am currently in South Australia in the Adelaide Hills and I received a message informing me that my data services are going to be interrupted for up to seven days at different times. See the picture below.
Electricity is something that is truly out of your hands and, whilst outages are hopefully rare, they can and do happen. All it takes is for a large storm or a car crash into a power pole and your house could be out of electricity and your indicator not functioning for a period of time.
This is; of course, fine if you know about it and are there to deal with it. It is just the times when you don’t know, like the times in the middle of the night when the power has gone out and turned your wake-up alarm off so that it does not go off when it should.
What are the potential solutions? There are two solutions to this problem. You can decide either solution that you feel fits in best with your situation and will help your trading.
Using Your Own Computer
The first solution is that you are able to run your computer 24 hours a day, 5 days per week, to keep the indicator going and to ensure that your trades do get activated. This way, you are keeping your MT4 charts live and your indicator will be able to modify the orders it needs when it comes time to move to break even or to lock in some profit.
This is far from an ideal solution though. As I just went through above with the risks attached to running MT4 charts on a computer or laptop, if you choose this method, then you are going to be putting a huge toll on your computer/laptop that will create a lot of wear and tear over time.
The other risks as just discussed are also always going to be there such as the overheating and shutting down of the laptop, the power cut for the desktop computer, internet connectivity issues, or just technical glitches in general. These are all issues that you will have to think about and put back-ups in place for with this method.
A Virtual Private Server
I am currently using a Virtual Private Server (VPS). As I will explain in more depth below, the VPS is basically doing my computers job for me, but I don’t have to worry about having my computer on and I can access my EA from any computer or smart phone anywhere in the world at anytime. Instead of either burning my computer or laptop all night, I choose to use someone else’s computer hardware who has a system that is built exactly for the job and who has backup systems in place so that if anything does go wrong, there are other servers to keep my indicator up and live in the market.
Whilst my personal trading laptop is powerful and more than enough for trading, it just does not have backup systems in place should anything go wrong and the truth is; it just was not built to run 24 hours per day, 5 days continuously doing nothing.
What is a Virtual Private Server or a VPS?
So, the most important question is, what is a Virtual Private Server or VPS?
Wikipedia, the free online encyclopedia, explains a VPS as;
“A VPS runs its own copy of an operating system and customers have superuser-level access to that operating system instance, so they can install almost any software that runs on that operating system. For many purposes, they are functionally equivalent to a dedicated physical server and being software defined, are able to be much more easily created and configured.”
Basically, a VPS is exactly as the name sounds; it is a Virtual Private Server that is a computer server you can use for any of your Forex indicators that you want to use in your trading. Instead of running them on your computer, you can choose to use a VPS and have that VPS run them. A really cool thing about the VPS providers around today is that the competition is high and so there are providers who specialize in Forex and concentrate on helping just people who trade Forex.
This is important because it makes it a heck of a lot easier. Instead of going to a VPS provider, signing up and just seeing a massive bunch of gobbledygook that makes no sense at all, you can go to a high quality VPS provider like I show below that already has MT4 & MT5 installed. This makes a huge difference because straight away, the customer support is dealing with Forex traders everyday, rather than just once in a blue moon like the other providers.
The other important factor is that your native MT4/MT5 is built in and you know that not only do they work, but the tech team is going to be able to help you with any questions or issues you may have because they are dealing with these charts every single day. Installation is also a lot simpler because the MT4/MT5 is already pre-built into the VPS and all you have to do is log in and add your indicator, rather than work out how to install the MT4 platform with a normal VPS provider.
Comparisons – Quality VPS Providers
When you are comparing Virtual Private Server providers, it is super important you are first very clear on what you want out of your service and what you are looking for. With my VPS, I am a trader, but I am not a web developer and I am sure that a lot of you reading this are in the same boat as me and this affects a lot of my decisions. I do not want to feel like I need a tech developer every time I want to just log in and check on my indicators or that I need a qualification in rocket science to set up and install my VPS.
What do you want out of your VPS? Do you want a super high quality VPS provider that is really stable? A provider that has good up-time? In other words; one that has a really good record of their servers staying online? Do you want to be able to manage easily by yourself without any stress? Do you want good support that gets back to you fast with the answers you need? Do you want a good price for your package?
Here are a few examples of the things you may consider in a quality VPS provider.
– Super Stable VPS
– Quality Support Who Has Experience With Forex Traders
– Good “Up-time” Record
– Easy to Install and Manage
– Built For and Understands Forex Traders
Why I Use LinkUpHost as My VPS Provider
I use LinkUpHost as my personal Virtual Private Server provider. Whilst you may find another VPS provider that you prefer, the reason I use LinkUpHost is firstly, they are a hosting company that is built for and understands Forex traders. Unlike other hosting companies where you have to dig around and search and they may have some small link somewhere about Forex, the main home page of LinkUpHost is all about Forex and the Forex packages.
The other main reasons I use them for my provider is that they offer a stack of value, having 99.9% up-time with their servers, which means my indicators are going to be live 99.9% of the time. (I have been told no one can quote 100%). I have also independently checked this and their record in the past has been 99.9% up-time. Their customer service is swift and efficient and their packages are the best value for the money when compared to others.
As you will see below, when I take you through how easy it is to get started, install, and set up all your indicators with LinkUpHost, the best thing is probably that the hardest part is already done for us in that the metatrader platform is already installed and all we have to do is start uploading our indicators. From there, we can then access our indicators to check on them from any computer/smartphone/iPhone/iPad or tablet from anywhere in the world at anytime.
Some of the Major Benefits of LinkUpHost
– Forex Ready With MT4 & MT5 Pre-Installed
– It Works With Any Broker
– It Works With Any Indicator/EA
– Can be Accessed From Any Computer or Smart Phone in the World At Anytime
– CPU 2 cores x 2.4Ghz
– Dedicated IP Address
How to Install LinkUpHost
Installing and getting set up with LinkUpHost is pretty straight forward and, as I mentioned above, self explanatory, but there are a few tricks and tips that I am going to take you through that are not covered. After signing up and your payment has cleared, you will receive a welcome email. This contains all your instructions, your username and password, and information about how to go about logging in and accessing your server.
You are going to be accessing your server or your Virtual Private Server from what is known as a “Remote Connection”. Don’t stress out if you are not sure what this is because it is pretty simple. Basically, a remote connection allows you to access a computer running Windows from another computer running Windows.
This is super cool because running it this way means you are then able to check in on your indicator from anywhere in the world literally at anytime from many different devices like smart phones, tablets, iPhones etc.
You will access the remote connection right off your computer and then treat it as a normal MT4 setup; obviously with a few tweaks and differences that I will take you through, but the major principles of loading the indicators, how the indicators work, etc. remain exactly the same.
The first step in this process is registration which is very straight forward and this will take you through the process of asking you what configuration you want and also, if you want to sign up for a longer period because the longer you sign up for, the cheaper the packages become. What you need to do at this stage is decide the size of the package you require. If you are only using 2 to 10 expert advisors, then the basic package is going to be plenty I would suggest.
Select the VPS plan that you are comfortable with to service your expert advisors.
It is here that you confirm your order and checkout or continue shopping.
During this step, you can bring down the price you pay each month by signing on for longer periods. The longer you configure your product for, the cheaper the VPS service becomes per month.
After signing up, the confirmation and welcome email will be sent out. You may need to have a little patience because some payments do go through a fraud check (which mine did when first signing up) and this can take 1 hour or so.
There are separate instructions for connecting to the remote connection for each different operating system and device. How you go about actually connecting to the VPS and using the VPS once it is set up is the same no matter what computer type you are using or if you are using an iPhone, but there are difference in getting it all setup.
The reason for this is because each device or computer has its own software. For example, the remote desktop connection that is used for people with windows 7 is not the same as the people that are using their iPhones or Max.
These people have to go to the App store and download a different remote desktop client that will work with the iPhone/Mac exclusively. Each connection is shown and explained in the welcome email that you get.
Whilst each device connection is different, the base method is the same in that the steps you use to connect are basically the same for all devices. The only thing changing are the devices being used to connect you to your VPS. I am going to show you how to make a remote connection to your VPS If you have Windows 7 or Windows Vista on your computer.
> To find the Remote Desktop Connection shortcut, click the Windows Start button , click “All Programs” or “Programs”, and then click “Accessories”. To quickly open Remote Desktop Connection, open the Start menu and then type mstsc in the search box which should bring up the “Remote Desktop Connection”. If this does not, then search for “Remote Desktop Connection”. Click on this to open it.
> The Remote Desktop Connection will open, asking you for the “Computer” name. This is the Forex VPS IP address that LinkUpHost has made for you and has sent out in your welcome email. Please put this in and click “connect”. See picture below.
> You will then be asked to enter credentials to log in and confirm your account to connect. You will have been given these in your welcome email. Please find these and enter them in the “User” and “Password” fields and then click “OK”.
> You will then be connected into your VPS account which is just like being connected to another computer from afar. You can watch a quick run-through of these same exact details that I have just gone through in a short video below:
Video – How to Connect to Your Remote VPS Via Windows Computer
How to Use LinkUpHost VPS
As I just mentioned above, using a remote connection, whether you are using it through windows 7 or through an iPhone, is just like using another computer from afar. You are granted access to your server and can use this to manage your indicators and accounts.
I was very fixed on making sure my VPS provider came “Forex Ready” which meant they had both MT4 and MT5 pre-built into their servers and I had nothing to do when I was connected to my VPS. A lot of VPS don’t come this way and requires a lot of sorting out before you can get to the stage of just getting your first indicator up and running.
Once logged in with LinkUpHost VPS, it is a matter of first getting your MT4 or MT5 account up and running. As soon as the remote desktop connection starts, you will be taken into a new screen which is your new connection of your Virtual Private Server. This is running windows and has MT4/MT5 right there for you to access.
This works just as your normal PC or laptop does. Once again, this is just a normal computer connection that you are accessing from afar and so you can open those MT4/MT5 simply by clicking on them.
How to Open MT4 & Open A New Account in Your VPS
This is one part that was not covered anywhere, so please take note
> In your VPS, please go into the “Start” menu > “All Programs” menu, and open up either the MT4 or MT5 depending on what platform you normally use.
> With the MT4/MT5 open, please hit the “Open an Account” button which will then bring up a new box; the same as the picture below:
> In this box, please click the small green button that says “Add New Broker”. This is where you are going to add the name of your existing broker. THIS IS SUPER IMPORTANT!
The name of the Forex broker has to be exact; otherwise, it will not be picked up during the scan and you will not be able to open your account. The best way to get this exact name is to go to your normal MT4/MT5 charts of this broker and open them up.
> When you have your normal brokers MT4/MT5 charts open, please click the “File” and then “Open Account” button. This will then open a new box just like the picture below:
> With this “New Account” box open, you will be able to see the server names. You are after the company names exactly. You only need the start of them so that the new MT4/MT5 scanner in the VPS can scan through and find the correct broker. The problem is that, because these days, there are so many brokers with so many white labels, every man and his dog has their own broker which means there is a lot to scan through.
An example of a company name that you are looking for may be “International Capital Markets Pty Ltd”, which is IC Markets or another example is “Pepperstone Financial Pty Ltd” which; of course, is Pepperstone.
> Please go back then into your VPS and back to the first box that will still be open. Where you hit the green button, there is a space to enter the name of your broker. You can either enter in the whole name or just the start. Enter it in and then click “Scan”. NOTE: If you entered in the whole name and, for some reason, it did not come up, try just putting in the first part and then re-scanning.
> This will then bring up a heap of possible servers for you to use. Normally, when you open an account with your broker, they will instruct you on the exact server you should be using, whether it is “Live server 5” etc. Select the server that you need to use (you can also select a demo server if you need to or open a new demo account) and then click “Next”. The picture below shows how all these different servers look on the VPS MT4.
> After selecting your server, you will be asked to select an account type, whether it is an existing account, a new demo, or a new real account that you want to open.
If you want to open a new demo or real account, you can simply just click on one of the two tick boxes down the bottom and then click finish, but if you want to connect and open your existing account to your normal broker like most traders will want to do, then click on the “Existing Trade Account” button and enter in your login and password. After you have done this, click finish.
Below, I have posted a short tutorial video on a loop showing exactly how you go about setting up your account with your MT4 charts through your VPS. In the example, I set up an IC Markets demo and you will see that I used the words “International Capital” to find and bring up all of the IC markets servers of which I could then choose from.
Video – How to Set Up Your New MT4/MT5 Account in Your VPS
How to Install and Use an Expert Advisor on a VPS Remote Connection
The same base principles apply for installing expert advisors (EA’s) on the remote connection. If you have not read the Forex School Online Break Even Indicator Lesson and don’t have a really good understanding of how and where an expert advisor needs to be downloaded, then I highly recommend that you read that lesson.
Expert advisors are not indicators and we need to make sure we put them in the right spot and not in with the indicators.
Because we are using a remote connection, there is a slight change as to how we are uploading Expert Advisors into their folders. We will be basically copying and pasting them into their new folders, rather than saving them or downloading them. Because we already have the expert advisors saved on our computers, all we need to do is copy them and transfer them or paste them into their new location.
Normally, what you would do is download or save the new expert advisor into your MT4/MT5 “Experts” folder, but you can’t do that on a remote connection. You have to transfer the files over into your server which is pretty simple and that is what I am going to show you how to do now.
Please go into your VPS and open up your MT4/MT5 charts.
> Please click “File” and “Open Data Folder”. See the picture below for the button I am talking about:
> After clicking on this data folder, it will bring up all the metatrader folders of the metatrader account that you are working in. It is in here that you need to open and save your expert adviser. Leave these folders open for the time being.
> Go out of your remote connection by simply clicking out of it or minimizing it, but don’t disconnect it and go into the spot on your computer where you have the expert advisor saved that you want to transfer into your VPS. For you, that may mean that it is in your MT4 files because when you first received the expert advisor, you saved it or downloaded it in your MT4.
If this is the case, then go into your computers C-Drive or C-Disk > click on “Program Files” > find your brokers folders, for example. It will often look like this; “Metatrader 4 – IC Markets”. Click on “MQL4” and then open up the “Experts” folder to find your expert advisor.
If you have your expert advisors stored somewhere else other than in your brokers charts, then now is the time to find the one you want to transfer.
> In this “Experts” folder of your Forex broker, you should be able to find all the expert advisors that you are using in your current live brokers charts.
PLEASE NOTE: Please take note that these expert advisors will often split into two. What this means is that you will download or save just one expert advisor, but when you go back into the same experts folder, you will then see two of the same EA’s. They will have the same file name; however, they are not the same as they are a different file type. One is a EX4 file and the other is a MQL4 file. You are concerned only with the MQL4 file.
> Please find the expert advisor you want to transfer over into your VPS. When you have found it, click on it with your mouse to select it – MAKING SURE THE EA FILE IS THE MQL4 AND NOT EX4 AS PER ABOVE . When the expert advisor is selected; using your mouse, right click and select the “Copy” option to copy the EA. You can also hold down Ctrl + C, which will copy anything that you have selected and is a quick short cut. Anything you can select can be quickly copied using this method.
> Now, go back over to your VPS connection and back to where you have already opened up the “Data Folder”. We need to now get to the right place in the VPS MT4 for you to store this EA, which is exactly the same process as normal, so in your data folder, please click on “MQL4” and then the “Experts” folder.
> Using your mouse, please right click and select “Paste” to paste the expert advisor in the “Experts” folder. You can also hold down Ctrl + V, which will also paste whatever you have just copied.
> Finally, to make the expert advisor that you have just transferred load and start showing up, you will need to re-start the MT4 just the same as normal MT4. This does not mean that you have to close the VPS connection, you just have to turn off and turn back on the MT4. You can do this by turning the MT4 off and then clicking the windows start button at the bottom left which will bring up the menu that includes MT4 & MT5 where you can then re-start it. Once you re-start your new expert advisor, you should be all good to go.
> To open your EA, just hit the “Navigator” button in your MT4, followed by the “Expert Advisors” tab in the row, which should open the row to show your EA to be available should you have completed the process correctly and put the EA in the correct spot. If you have any questions or need any help at all, please just let me know. Also, please watch the short video below.
My goal with both the Forex School Online Break Even Indicator lesson and this lesson is to give you two new tools that are going to help your trading. Trading in the Forex markets can be tricky and mentally taxing at times and we need strategies and, most of all, tools that help us both minimize our workloads and allow us to maximize our output.
Just like the pareto principle or the 80/20 rule where 80% of the effects come from 20% of the causes, when we are either adding a new indicator to the toolbox or searching for a new one, the reason should not be just to add another tool for the sake of adding a tool; but instead, to be able to have the tools that do the most work proficiently and successfully for you with you having to do the least amount of work possible.
That’s what tools are for right? To (a) fix some sort of issue or problem you need help with, and (b) make your life a whole lot easier and create automation.
Whilst it is important that you don’t get carried away with tools and similar sorts of things, they are vitally important to a successful trader. I could not do what I do without my tools and resources, starting with the basics such as my Brokers Charts all the way through to other indicators such as the Period Time Frame Changer for MT4 and the Forex School Online Position Size Calculator just to name a few.
If you have any questions at all on anything you have read in today’s post or you want help with anything at all, please just post it in the comments section below. I wish you all the continued success and safe trading!
I would really love to hear your comments / questions about this Guide or if you have experiences with VPS providers, post them up. If you have a cool idea for the new indicator project, then post them below in the “comments section” and I will personally get to every one of them.
Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!