Autotrading with Metatrader while spleeping | Forex Factory

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Autotrading with Metatrader while spleeping

  • #1
  • First Post: Jul 29, 2007 8:05am Jul 29, 2007 8:05am
Hello,

I would like to use an EA Automated System on Metatrader while I sleep but not in leaving my computer connected to the internet 24h/24. I would like to shut down the PC the night, and to avoid the possible problems of connection that could generate the internet service provider.

What service I have to use ?

Thanks in advance.

  • #2
  • Jul 29, 2007 8:22am Jul 29, 2007 8:22am
I don't recommend you to do so......
if you plan to use an EA.. use it 24 h a day... and even with that... it is very risky...
  • #3
  • Jul 29, 2007 8:56am Jul 29, 2007 8:56am
If you shut off your computer, the EA will not be running.

Same thing with trailing stops on MT platforms. The stop will not be moved MT is not running.
  • #4
  • Jul 29, 2007 9:22am Jul 29, 2007 9:22am
Quoting funyoo
Hello,

I would like to use an EA Automated System on Metatrader while I sleep but not in leaving my computer connected to the internet 24h/24. I would like to shut down the PC the night, and to avoid the possible problems of connection that could generate the internet service provider.

What service I have to use ?

Thanks in advance.

Try http://www.vpsland.com/winplans.html

Very good service. $25.00 a month.

Jas
  • #5
  • Jul 31, 2007 6:08am Jul 31, 2007 6:08am
Thanks a lot for these advices !

  • #6
  • Jul 31, 2007 7:39am Jul 31, 2007 7:39am
Thanks.... very good stuff here.

Quoting jasdel
Try http://www.vpsland.com/winplans.html

Very good service. $25.00 a month.

Jas
  • #7
  • Jul 31, 2007 7:55am Jul 31, 2007 7:55am
is there any platform from any broker that allow me to use an EA without having my PC on for 24 hrs ?

MT4 requires the pc to be on all the time, right ?

i'm not really into IT but instead of a virtual personal server, can a webhosting company allow me to run the EA on a broker platform ?
  • #8
  • Jul 31, 2007 8:03am Jul 31, 2007 8:03am
You need a dedicated server (virtual or standalone) to install MT4 on. A webhosting company won't have MT4, so you will have to install it yourself.

Now a company like www.collective2.com might let you autotrade it through their system. You also could have the EA autotraded through a broker, if they run EAs on their desk. But you are truly showing your hand in such instances.
  • #9
  • Jul 31, 2007 8:33am Jul 31, 2007 8:33am
I think the first problem to have solved is if it will be profitable to run this EA while you are sleeping even with the connections issues solved.

Peronsally, I hesitate to do such. There are market surprises that most EAs are not prepared to handle. Are you sure that this EA will be profitable?
  • #10
  • Aug 1, 2007 8:46am Aug 1, 2007 8:46am
I have an ea that seems to work fine the night,

Here is what I've found :

1. ea hosting services :

OmegaSupreme.com 1 ea = 19$/m, 5 ea = 54$/m, illimited ea = 120$/m
Best Forex Tools 20$/m, 30$/m

The problem is that these ea hosting service providers can steal your ea and have access to your trading account, playing with your funds.

2. Your own ea hosting :

FATS - Forex Automatic Trading Systems (Guide)

FX System Hosting 99$/m

Maybe the more secured option, Velocity4x advises to take a dedicated server, but maybe a Virtual Dedicated Server or a basic Hosting Plan is sufficient.

Some testimonies ?
  • #11
  • Aug 1, 2007 9:26am Aug 1, 2007 9:26am
this is true, however how many market surprises occur outside of news? therefore if you have an EA that uses FF's calendar to sit on the sidelines during news, it should be ok. Of course this means the EA should generally be doing short term only trades.

still I'm not saying it would be profitable, just that it would ignore most surprises. I haven't been paying attention to any EA development but I'm sure someone must be doing this now that there are (I think 2) FF Calendar indicators for MT4?

Quoting KudzuFX
I think the first problem to have solved is if it will be profitable to run this EA while you are sleeping even with the connections issues solved.

Peronsally, I hesitate to do such. There are market surprises that most EAs are not prepared to handle. Are you sure that this EA will be profitable?
  • #12
  • Aug 1, 2007 10:52am Aug 1, 2007 10:52am
You don't have to pay attention to news to have a profitable EA. That is a myth. Sometimes news works in your favor, sometimes not.
  • #13
  • Aug 1, 2007 11:04am Aug 1, 2007 11:04am
what about other platforms ?

or only the MT4 or earlier versions can use EA ?

i wonder how secure is all these virtual personal servers ?

are local webhosting companies more secure since you can go to their offices ?

i just thought these services might be cheaper than buying a 2nd pc to run the EA 24hrs and also to save electricity.
  • #14
  • Aug 1, 2007 12:43pm Aug 1, 2007 12:43pm
Quoting tdion
You don't have to pay attention to news to have a profitable EA. That is a myth. Sometimes news works in your favor, sometimes not.
yeah, I wasn't talking about profitability though... just how to avoid surprises
  • #15
  • Aug 2, 2007 10:13pm Aug 2, 2007 10:13pm
Quoting funyoo
I have an ea that seems to work fine the night,

Here is what I've found :

1. ea hosting services :

OmegaSupreme.com 1 ea = 19$/m, 5 ea = 54$/m, illimited ea = 120$/m
Best Forex Tools 20$/m, 30$/m

The problem is that these ea hosting service providers can steal your ea and have access to your trading account, playing with your funds.

Hi there, I'm the admin @ Omegasupreme.com and I would like to say that i'm sure quite a lot of theft and scamming goes on in the forex world. Heck we all think most brokers are scam artists. But there comes a moment when you have to take a business at face value and try. Anyways here's my response to the above comments.

I cannot do anything with your funds or your trading account. Each User logins into the server through a remote desktop application. They login to MT4 remotely -- I have absolutely no idea what their account password is (as it is encrypted) nor do I wish to know.

As for stealing EA's? I have absolutely no interest in stealing EA's besides the unethical nature of that act. Most of my clients use EA's that have been coded to be used strictly on their own accounts. Those who do not have this function are using widely available EA's that can be found anywhere or bought for a fee.

Please note that a good number of my clients are in countries that do not have the infrastructure available for full time online EA running. Either networks are not the greatest in the world or they simply do not wish to run their desktop 24/7. This service is for such people.
  • #16
  • Aug 3, 2007 6:36am Aug 3, 2007 6:36am
Ok thanks for your reply.
  • #17
  • Aug 4, 2007 8:45am Aug 4, 2007 8:45am
Quoting tdion
You need a dedicated server (virtual or standalone) to install MT4 on. A webhosting company won't have MT4, so you will have to install it yourself.

Now a company like www.collective2.com might let you autotrade it through their system. You also could have the EA autotraded through a broker, if they run EAs on their desk. But you are truly showing your hand in such instances.

when you say i need to install MT4 myself do you mean i need to go down to my local webhosting company and install the MT4 and EA over there ?

so i can access and control my account and EA from home after that ?
  • #18
  • Aug 4, 2007 9:02am Aug 4, 2007 9:02am
Quoting funyoo
Hello,

I would like to use an EA Automated System on Metatrader while I sleep but not in leaving my computer connected to the internet 24h/24. I would like to shut down the PC the night, and to avoid the possible problems of connection that could generate the internet service provider.

What service I have to use ?

Thanks in advance.

This is a good way to lose your money...........jmho
Same Whore .... Different Dress
  • #19
  • Aug 4, 2007 1:00pm Aug 4, 2007 1:00pm
The way it works is that you will remote desktop into a dedicated server, then open Internet Explorer and download MT4 from your broker. Whether you use a colo service or webhosting, you will need a dedicated server.

For a better understanding of remote desktop, go to www.gotomypc.com. Remote desktop doesn't cost any money, so it would be foolish to pay for a service.

John Doe, why is this way begging to lose money? The fact that I am eliminating my own greed and emotion through mechanical trading? The fact that I built the EA myself w/ my OWN trading rules, so essentially it is me trading?
  • #20
  • Aug 4, 2007 11:13pm Aug 4, 2007 11:13pm
You can rent a PC in Europe for $30 per month. You can run unlimited number of EAs there 24/7.
If you live in a country that has crappy internet or electricity problems, go for dedicated servers.
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