Many friends of mine often ask me about how they can start a full automated online trading system in forex. Yes, every trader dreams about automated trading that will release them from this routine activity. Even that they are succesful traders in manual trading, they know that someday they will have to go and let robot to replace their position for trading.

Everyone dreams about retire young. So, in order to get relax in Bahama’s Islands (LOL), we must start to set up a full automatic online trading system and the most important thing is this system must be profitable. Why we would set up an automated trading system if this doesn’t bring us a lot of money. So, I will help people to start a profitable system.

What do we need to set up an automated online trading system ?

1. Superb VPS (Virtual Private Server) that is set up specially for automated trading
2. Broker Company that provides MetaTrader 4 Platform especially support micro account
3. Profitable Expert Advisor (Robot), this is the important things

Ok, in this post I will start to explain point 1.

What is VPS ?

VPS stands for Virtual Private Server. An automated online forex trading system needs a stable internet connection and a good computer in tehnical specification. Let say, we already have a PC at home and a stable internet connection. Would we set it online for 24 hours 5 days a week? It will take a lot of our time and a part of our freedom. Imagine that we should keep on eye on this PC whether it is crashed or not, whether electricity cut off, and many other things that could interfere the system.

So, we must think to rent a PC that is online for 24/5 and has a stable internet connection. The answer is VPS. If we rent a VPS, it just likes we have a PC in the hosting server. We could set the VPS just like we connect two computers and access one of them from the other. For our convinient, we should choose Windows VPS. This is based on asumption that most of us use Windows Operating System. But for people who are familiar with Linux, they also can rent a Linux VPS. So after choose the right one, we still have to find out what time is our VPS being resetted ? This is an important issue due to a robot needs a stable connection. Imagine if our robot is handling an open trading position and suddenly the VPS is being reset. EA will miss chances to handle trading positions. It means profitable position can turn into loss.

So, VPS that we need must support these criteria :

• Stable and Fast
• Scheduled to reset at non-trading days
• Have good technical specification, i.e. RAM
• Easy to install MetaTrader Platform
• 24/7 Support Team
• Windows System is preferred
• Fair Price
• Specialist in handling Online Trading

So, we must select our VPS company very careful since this matter is important to support our online trading. If you don’t have any clue about VPS that is specialist in handling online trading, I recommend CNS VPS. They also have a special discount for traders to rent some commercial EA’s. So we can try before buy them.

Remember, good VPS just likes you buy a reliable car. Don’t buy a wrecked car because you don’t know when will be out from the street!