Forex EA (Expert Advisor) is an automated trading program that is predefined according to a traders proven strategy. The program is specially designed to detect a certain set of market conditions in real-time which will trigger it to automatically place and/or close orders in a systematic manner. Through this, traders can cut down on screentime, eliminate human emotions from the trading process, as well as generate profits from the currency markets passively.
VPS is a standalone virtual private server that originated from a centralized server software (the host). These private servers have their own operating systems which allow them to operate independently, even in the absence of a stable Internet connection. As a private server, a VPS ensures that it serves one master exclusively with all of its resources. VPS users can enjoy the service quality equivalent to web hosting, but with a much lower cost.
Why is a VPS necessary for EA operation？
Generally, a forex EA requires an extremely fast and uninterrupted server to maintain optimal performance for (usually) 24 hours daily. Such high requirements are not always guaranteed with a normal forex trading server or an ordinary computer system. Therefore, a VPS is implemented to continuously boost the operation speed and sustain the performance of an EA without any disruption.
There are 2 main advantages that a VPS can provide:
① Low latency with greater connection speed
Latency is the length of time it takes to send a message to the broker/liquidity provider's server, usually measured in milliseconds. As VPS increases the connection speed, it also improves the speed of order execution as well as the trading experience.
For FX or CFD markets, there is usually only a relatively limited amount of liquidity available for retail clients to capture before the underlying market widens its spreads due to volatility. At this point, the lower your latency, the greater the likelihood that your order will be filled at the relative best price, making it easier to achieve profitable trades.
② 24-hour operation
The majority of EA users will need an EA to run continuously for 24 hours daily. Failure to do so could severely affect the EAs consistency and trading results. An average computer is not built to cope with such a heavy “workload” for long hours. In addition, it is also not uncommon to face an unstable Internet connection from time to time or even a power outage. A VPS solves these issues efficiently. Think of a VPS as another virtual computer that does nothing else but only serves the MT4/MT5 trading platform and that selected EA. In terms of performance, configuration, and network speed, a VPS is much more powerful than a regular computer as it can also continue to operate with a disconnected Internet.
In conjunction with this article, WikiFX is delighted to announce that we are holding a giveaway of our EA and VPS! Join our giveaway below by completing the simple steps below and you stand a chance to walk away with this powerful duo to elevate your automated forex trading performance.
If you have made it to this far of the article, I am sure you are excited to see what WikiFX has to offer for these giveaway programs:
WikiFXs EA giveaway campaign is ongoing right now. To not miss out on this golden opportunity, read this article for more information:
https://www.wikifx.com/en/newsdetail/202206168584426253.html.
The good news does not stop here. WikiFX will also be gifting our VPS through a TikTok short clip contest. For more information about this exciting event, click here to find out more: https://www.wikifx.com/en/newsdetail/202206214994109663.html.
Good luck to all participants!
