MQL5 VPS vs other VPS systems - page 2
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What is the definition of a VPS, I wonder?
I believe the MQL5 VPS qualifies as a virtual private server, allowing your trading tools to operate seamlessly 24/7.
i never said it wasnt a vps. I suggested that it should be given a recognisable(trademark) name to not be confused with the other vpses.
i never said it wasnt a vps. I suggested that it should be given a recognisable(trademark) name to not be confused with the other vpses.
Why should they call it anything else, if it is a VPS?
They have given it a trademark name, MQL5 VPS, that is sufficient in my opinion.
Click Bait would be calling it something like VTS Virtual Trading Server (haha). And while it is definitely a VPS; not giving it a more appropriate and recognisable name, mq has done themselves, yet, another disservice.
In case that you are more confused by the above comments -- here is my opinion on using both types of vps...
The mql5 vps is great so long as you 1) backup your profile after you have migrated it to the mql5 "vps". 2) you cant use DLLs so you have to guarantee that your ea does not require them. If your ea requires a dll -- OR NOT -- is not always obvious -- you will want to speak to the author to be 100% sure. 3) There are many threads on this website that have discussions about servers in strange places that are not online on Mondays, when you would expect them to be working, so you need to test out and monitor your vps for first weeks to check that all is running 100%. But "all in all" it is more convenient to monitor this vps, than it may be to login with your remote desktop program to login to a "real" vps.
A "real vps", you can run multiple platforms on 1 vps, and 1 single cost. Whereas the mql5 vps, you may need to buy multiple vps'es and multiple vps subscriptions if you run mt4/5 on 2 or more brokers. the mql5 vps will only allow 1 terminal, therefore only 1 broker can be installed on a mql5 vps.
I used a mql5 vps for a time, and it was very convenient to monitor the account from mt5, however, I jump between 4 computers and locations, and it just was not always possible to install mt5 on that computer or my working laptop at these multiple locations, so it became an issue for me. I went back to a traditional vps. However, if I was only trading 1 ea, at 1 broker, and I had a laptop or tablet that was dedicated for mt4/5 installation and trading, for me to just monitor that trading account and the vps, then, I would have been very happy to continue with my mql5 vps, subscription.
As for "difficulty for new user". Both have learning curves that every user has to adjust to, and I being a computer techie for 17 years, still, had a sharp learning curve to make when I first installed my mql5 vps, however, other users would have the same sharp learning curve to setup and run a "real vps" too. "real vps" providers give you a vps, and your username and password, but do not tell you that the vps will go into sleep mode or that mt4/5 may not start up automaticly when you login, or depending on the vps provider, your mt4/5 may not restart again, after the provider has done maintenance. These can be fixed by the user, however, the provider will not inform you when mt4/5 has closed for whatever reason, therefore the user has to modify windows settings on the vps to ensure that it does start up on its own, and that mt4/5 will restart automaticly.
But like i said prevously the mql5 vps has its own issues. These can be found by a search of the website. There are instances when the mql5 vps did not start on Monday, but was running on Tuesday, OR, the ea did not open trades for days, until the user opened a ticket on this website, when the support team restarted the mql5 vps. This would take more than a week, when such support ticket with a "real vps" would normally take 24 - 48 hours.
In Conclusion, (heehee), both flavours of vps has their prickles, you may need to try both before settling on your own preference.