How to Easily Set Up MetaTrader on ForexVPS for Reliable Trading

A VPS allows you to run trading algorithms 24/7 on MetaTrader platforms – without relying on a local computer or stable internet connection.

This guide walks you through the installation of MetaTrader on ForexVPS – one of the leading VPS providers.

ForexVPS For Algobot

ForexVPS is a valuable asset for Algobot users. It ensures a stable, high-performance environment in which Algobot can run 24/7 without interruptions.

ForexVPS also lets traders operate Algobot from a remote server. It minimizes delays in trade execution and reduces the chance of slippage.

In addition, ForexVPS enhances security, shielding Algobot and sensitive account data from potential cybersecurity threats.

Learn More About ForexVPS

How to Install MetaTrader on ForexVPS: Full Guide

Now that we know why ForexVPS is advantageous for MetaTrader, let’s jump into the installation process.

Step 1: Set Up Your ForexVPS Account

If you haven’t set up an account with ForexVPS yet, you’ll need to do that first before moving forward.

Go to ForexVPS and explore the various VPS plans. Choose a plan that best suits your trading needs.

Step 1: Set Up Your ForexVPS Account

Then, create an account by filling out the form, submitting payment details, and confirming your subscription.

After registration, you’ll receive an email from ForexVPS containing your VPS IP address, username, and password. Keep these credentials secure, as you’ll need them to access your VPS.

Step 2: Connect to ForexVPS

Once you’ve received your login credentials, connect to the VPS using the Remote Desktop Protocol (RDP) from your Windows, Mac, or mobile device.

Step 2: Connect to ForexVPS

Windows and Mac come with built-in RDP software. Alternatively, you can download third-party RDP software that’s mobile-friendly. Just search on Google Play or the App Store.

Next, open the RPS and enter your ForexVPS IP address. Then, click on ‘Connect’. In the next step, enter the username and password from the email you received. You’ll now be connected to ForexVPS.

Step 3: Download MetaTrader

With your VPS connected, you’re ready to install MetaTrader. You can use MetaTrader 4 (MT4) or MetaTrader 5 (MT5), depending on your broker’s offerings and trading preferences. Algobot supports both of these platforms.

Step 3: Download MetaTrader

You can download the application directly from the MetaTrader site. Or, your chosen broker might also provide the download link.

Either way, download the MetaTrader installation file onto your VPS folder.

Step 4: Install MetaTrader on ForexVPS

Locate the downloaded installer file (usually found in the ‘Downloads’ folder on the VPS) and double-click it to begin the installation. Then, simply follow the prompts to conclude the setup.

Step 4: Install MetaTrader on ForexVPS

Once the installation finishes, MetaTrader will launch automatically.

Step 5: Log in to Your MetaTrader Account

On MetaTrader, go to ‘File’ and click ‘Login to Trade Account.’ Select your broker’s server from the list and enter the required details.

Step 5: Log in to Your MetaTrader Account

Once logged in, check the connection status in the lower right corner. A green or blue icon indicates a stable connection.

Step 6: Set Up Your Algobot Expert Advisors (EAs)

You can now set up Expert Advisors (EAs) or custom indicators within MetaTrader on ForexVPS. In this case, you can connect Algobot.

If you have custom EAs or indicators, upload them to the VPS. Go to ‘File’ > ‘Open Data Folder’ in MetaTrader.
Proceed to open the ‘MQL4’ (for MT4) or ‘MQL5’ (for MT5) folder.
Place your EAs in the ‘Experts’ folder.
On MetaTrader, go to the ‘Navigator’ panel, and find your algorithm under ‘Expert Advisors’ or ‘Signal Providers’
Drag it onto your chosen chart.

We’ve provided a detailed guide on how to connect our copy trading algorithm to MetaTrader. You can also configure the MetaTrader settings as recommended by Algobot.

Step 7: Testing and Monitoring

Before fully committing to live trading, testing your setup is a good idea. Use your broker’s demo account to verify that your VPS, MetaTrader, and the Algobot algorithm are functioning correctly.

This also helps you identify any latency or performance issues.

Additionally, log into your VPS periodically to check that MetaTrader is running smoothly. ForexVPS offers monitoring tools to alert you in case of downtime.

Why Use ForexVPS for MetaTrader?

Here’s a recap of why using a VPS can benefit your automated trading process:

Increased Uptime – Providers like ForexVPS offer a continuous connection to the market, essential for automated strategies that rely on consistency.
Enhanced Security – A VPS offers additional layers of security and can protect your data and trading strategies.
Low latency – With high-speed connections, ForexVPS promises 1-millisecond latency, enabling faster trade execution.
Full Hardware Resources – No shared computing or storage resources are on dedicated forex servers, ensuring peak performance.

Additionally, we suggest reading our “Crypto Assets and Automated Trading: A Complete Guide for 2024.”

Conclusion

Using ForexVPS for MetaTrader can be extremely useful, especially if you’re after a reliable connection and quick trade execution.

With MetaTrader on ForexVPS, your trading setup stays active and dependable 24/7.

As such, it’s ideal for those using automated bots like Algobot to ensure seamless, uninterrupted performance.

FAQs

How does ForexVPS work?

ForexVPS is a Virtual Private Server that keeps traders connected to the global currency market. It runs 24/7, providing continuous access to platforms like MT4 and MT5 for seamless trading.

Which devices can I use for ForexVPS?

You can connect to ForexVPS from any device that supports Remote Desktop Protocol (RDP) This includes Windows, macOS, iOS, and Android.

Is ForexVPS secure for hosting MetaTrader and Algobot?

Yes, ForexVPS provides security features like data encryption, authentication protocols, and DDoS protection. Regular updates ensure your VPS stays protected so you can trade confidently with minimal risk.

Can both MT4 and MT5 be installed on the same ForexVPS?

Yes, you can install both MT4 and MT5 on the same VPS as long as your system has adequate resources. You can run up to 6 MT4/MT5 platforms depending on your chosen ForexVPS package.