What is this I hear you ask? Well It is not essential but at low cost this is brilliant. It is a windows based computer that is loaded not onto your computer but in servers around the world. You pick the location close to your broker for the fastest possible trade executions.
There are different packages and locations depending on how many mt4's/mt5's you want to run. I have the pro us version at $17.99pm and run 4 to 5 mt4's with no issues. I use FP markets as a broker and they have servers based in New York so that is the location I have the vps. The ping speed is under 1ms which is amazing for reducing slippage.
Other benefits are you can leave it running 24/7 if you run bots and can log into it from your phone when you are out of the house to manage or place trades.
There are a few tricks to help like optimising mt4 and creating a startup folder so your mt4's automatically restart if ever the vps restarts. I will share in blog soon.
If your broker is in London you would pick London location. Handy tip if you know the broker IP address for the server you can click ping at the top of page and test the speed. before purchasing.
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