dear fellow traders!
I am in the process of setting up a VPS at home. Something along the lines of what this guy is describing: http://www.tradingheroes.com/how-to-build-your-own-low-cost-metatrader-virtual-private-server-vps/
However, I am not completely sure as of what I will need in terms of computer power and specs... Saw on a programming forum that RAM is important. How important is a large hard drive for downloading historical data for backtests? How powerful should the computer be?
I am still relatively new to trading with EAs but expect to be expanding and thus having several MT4 running at the same time, trading and testing... So this is what the computer needs to be able to handle...
Hope you guys can help me out!
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book.
In a downtrend, SafeZone defines noise as the portion of the current bar that extends above the high of the previous bar, against the downtrend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For short trades, it adds the average noise level, multiplied by a factor, to the latest hig
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
Sideways Alert Indicator is a very effective tool to indicate sideways conditions on live charts and to determine its levels. It helps us trade within the range or trade the breakout or just simply to filter out sideways market conditions.
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
This is Gekko's Cutomized Moving Average Convergence/Divergence (MACD), a customized version of the famous MACD indicator. Use the regular MACD and take advantage of several entry signals calculations and different ways of being alerted whenever there is potential entry point.
Fast MA Period: Period for the MACD's Fast Moving Average (default 12); Slow MA Period: Period for the MACD's Slow Moving Average (default 26); Signal Average Offset Period: Period for
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Buttons for re
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Trend Laser with Volt Impulse
Strategy: Confirm impulsive signals Watch Video: (Click Here)Trend Laser with Energy Beam
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
Cluster analysis is now available in MetaTrader 5!
YuСlusters indicator builds a cluster graph based on tick data. For exchange instruments it is the volume and the last deal price, for Forex instruments it is the real or tick volume (depends on broker) and selectable type of the current price: Bid, Ask or (Bid+Ask)/2.
There are 5 criteria of cluster generation: Time interval, the criterion is set in seconds. Price range, the criterion is set in points. The current cluster is closed when the
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
Arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of combining cross rates of individual currency pairs.
The advantages of the strategy are the following:
Does not support hedging orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
FourAverage: A Breakthrough in Trend Identification
With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.
Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time
The whole idea of a VPS "at home" is slightly perverse. Half the point of a VPS is that you are paying for a more reliable infrastructure than you have at home: more reliable internet connectivity, more reliable power supply etc. Incidentally, the article you are quoting doesn't add in the electricity costs of running a machine at home.
The figure of $74.95pm is, as he says, hugely inflated. Perfectly usable services are available for $30pm or less. (Compared to running a machine at home, that's a price differential of $20pm or even less after deducting domestic electricity costs.) If you can't afford that, then you probably need to think very, very carefully about whether you should get involved in the high-risk area of fx trading.
It would be more normal to do the backtesting - a relatively occasional, resource-intensive activity - on a home machine, and to use the VPS only for live trading. A virtual server which is suitable for running backtests will indeed be expensive.
If you want to try things out, then you can start with a service such as Amazon EC2 where you pay solely per hour of usage, with no longer-term charges or commitments. An EC2 t2.micro instance should cost somewhere in the region of $30pm, and there's also a "free tier" for new customers which reduces that charge. If you want to get cute, you can reduce your charges further by turning the virtual machine off at the weekends when it's not going to be trading. (However, unless you do turn the machine off two days per week, the convenience of an hourly-billed service such as EC2 should eventually work out more expensive than an equivalent machine on a monthly-charge basis.)
VPS is about uptime. For Live Trading You need
- reliable internet backup. - either two permanent connections or Mobile Internet. Traffic volumes are quite low I think so latter might do as a back up.
- fast execution (QOS) - if rest of family are hammering internet at any point you want your Sell!Sell! packets to get through quickly.
-Deal with power outage (GSM Card + Laptop might cover it but .. laptops are not designed to be on all of the time, - UPS is better )
Those are what a VPS buys you.
For fast Backtesting you just need Disk & CPU.
Two different requirements. Ram helps both.
hi thanks for your reply. i appreciate you providing good information pro using VPS as I need to get a better understanding of this service. one thing i did not mention in my post was that i have been advised against VPS services (at least when the services comes from a broker) as the provider will decompile, reverse engineer, and steal profitable EA's. So in order to protect a profitable system the argument goes: open your own VPS. what do you think about this? are there VPS services you can trust? i am not against the idea as such, but I am still new to EA trading and need to learn the basics...
you mention backtesting as a resource intensive activity. as i am in the period of development and testing i need to purchase a new computer. for backtesting and having multiple MT4s running with various EAs what do you need from a computer would you say? in terms of processor, hard drive and RAM etc?
thanks mate this is really good advice! i want to follow up on your on backtesting point. how much approx. CPU, RAM and hard drive do you need you think for backtesting and having multiple MT4s running with various EAs? could an average laptop do the job or should buy a more heavy duty machine? i have an option of getting a lenora 2.5ghz processor (can't remember which one) + 550GB harddrive + 4GB RAM for around 250 can't figure out if its overkill or too little really... price is 250€
I'm not an expert on running heavy backtests with indicators etc. and haven't looked at any hardware prices for a while. Personally I'd split the work between MT instances running in different machines. Bang for buck is desktop - easier to repair too :)
Regarding "home VPS" - you need UPS, QOS, Two Internet (home + Mobile) , two separate servers (main server + backup ) , a router that can manage QOS + transparent ISP failover + Server failover (DDWRT etc), a backup router with same config , electricity costs.
- if using netbooks/laptops check if they are designed to be on 24/7 - most aren't.
one thing i did not mention in my post was that i have been advised against VPS services (at least when the services comes from a broker) as the provider will decompile, reverse engineer, and steal profitable EA's. So in order to protect a profitable system the argument goes: open your own VPS. what do you think about this? are there VPS services you can trust? i am not against the idea as such, but I am still new to EA trading and need to learn the basics...
As far as I'm concerned, worrying about a VPS provider stealing your EA is right up there with lining your hat with tinfoil so that the government can't read your thoughts.
If you use one of the VPS firms who specifically market at the MT4 audience, then I suppose it's just about possible that they might try trawling customers' hard disks for EAs... but good luck to them in trying to determine the tiny number of valuable ones from the junk. It all reminds me of a conversation on this forum 6 years ago about the potential for MetaQuotes to steal EAs: https://www.mql5.com/en/forum/116521/page2#159379
But I wouldn't recommend one of the MT4-targeted VPS services over generic/untargeted services from the likes of Amazon, Microsoft, Rackspace, etc. The firms marketing to MT4 users might be able to provide a few fringe benefits such as MT4-specific support, but they're inevitably going to be relatively small, relatively under-capitalised, relatively under-resourced etc. If you want to banish any lingering concerns about the privacy of your EA, go to one of the large VPS providers who don't know what an EA is, and certainly don't care what an EA is.
For a small trader, any 'home VPS' will be good enough, even for more serious traders if there are SL and TP set for every order.
The main point of VPS is that it has redundant network connection, and that it can last for some time without power. Practically any laptop will be good enough as long as its battery can make it for some time (you are protecting yourself from short power outages, not from natural disasters), and you need to have at least one mobile i.e. 3G/4G connection (2G is not good enough), because that connection needs to work when there is a power outage. This 'VPS' is not intended for backtests but to be a device on which your EA will run uninterrupted and continuously, so there are no other requests on the capacity of the 'VPS' laptop.
The most complex thing you need to solve is how to make the two network connections work simultaneously, which is best to achieve by setting lower metrics for the favorable connection.
You can control your VPS using e.g. TeamViewer so there is no need for static IP.
Bonus is if you can get alerted when power fails and when your laptop is about to shutdown, but these two points are a little bit harder to achieve.
And BTW all my laptops work 24/7 (OK, i am turning them off sometimes ;) and last typically for 7 years. Of course, most of them are premium segment.
i dare to disagree.
for me, the most important benefit is colocation - almost all brokers have their servers located in either equinix NY4 or LD4 (being/soon to be expanded to newer equinix DCs) and the "firms marketing to MT4 users" differ from the generic/untargeted services precisely by the fact they have their physical hardware physically located at the mentioned datacenters.
equinix basically has a monopoly in this (financial firms interconnect) area.. they're a a wholesaler, not dealing in retail at all.
fx vps providers like beeks or cns have their hw located at equinix facilities.
google "equinix vps" - you'll only find forex related vps stuff in the results ;)
why do i have vps' rented @both NY4(beeks) and LD4(ultrafxvps)? Because i want low latency to my brokers (<1ms) - that's the SOLE reason for me.
otherwise, i would use some machine @home where i've got both ups and redundant net connections.. but i'd be 50ms far from LD and 90ms from NY instead of < 1ms/1ms ;)
Amazon/Microsoft/Rackspace can't supply me that latency.
and btw: i'm really not afraid about any1 stealing my precious EAs :-D... btw2: i'm more than convinced they couldn't care less about the content of my drives ... btw3: even if i'd be paranoid, there are ways to prevent any peeks into your vps kitchen - you always get full control via the built-in administrator account, so just make use of it ;)
I can think of one firm in particular which markets their VPS services for MT4 based on latency to brokers' servers. They have been carrying the same marketing material since 2009 and, as a user of theirs at that time, I've argued with them very strongly (but good-humouredly) that the figures which they are choosing to publish say that their EA performance in different locations is random, with no discernible effect from latency.
I agree that latency may well make a difference if you are in NYC and your broker's servers are in Sydney, or vice versa.
But I am hugely sceptical that latency of 1ms between two machines in NY4 versus e.g. 6ms from a machine in Amazon's us-east datacentre to NY4 is going to make a difference if your trading system is written in MQL4 and placing its trades through an MT4 Server. If you are that concerned about latency, you are using the wrong trading platform. The benefits of something like a direct connection over FIX, going directly into the broker's liquidity rather than the MT4 Server, would vastly outweigh these kinds of marginal difference in latency.