Now, assuming that having a VPS is an absolutely basic need (which I believe it is) then it becomes a problem to find a cheap, reliable VPS. As I have said previously, investing less than 2000 USD means that you will probably not have enough monthly profits to pay for a reliable VPS. However, I have recently though about ideas we could use to try to reduce this cost and still be able to use a virtual private server.
The first thing that came to mind was simple. If a decent VPS is able to run at least 6 to 10 metatrader platforms without any problems at all, then why can’t we share a VPS between traders to “ease” our trading costs ? Obviously, thousands of problems come to mind. First, you would have to trust others with your live account, what if someone does something that causes you to lose money ? What if something happens and the VPS is rebooted, loses connectivity ? What if your mt4 platform gets shutdown by one of your peers ? Well, certainly all of these things will be important matters in sharing a VPS. The next question was then fairly obvious. Is there a way to share a VPS in which the privacy of each account is not compromised ?
The answer, is YES. It figures that the solution to all the above problems is pretty simple. Say, Joe rents a VPS service for 30 USD a month, he has almost 750 MB of RAM which is enough for at least 10 metatrader platforms and he wishes to share his VPS with someone to offset his costs. What can Joe do ? Well, Joe then decides to “subrent” his VPS to 5 different people who are entitled to run one metatrader platform with their live account. In order to prevent everyone from interfering with each other Joe simply creates 5 additional login accounts with limited priviliges who cannot modify other people’s processes or run anything more than their metatrader platform, Joe also sets up an FTP server so that every user has an account and is able to upload their experts and indicators to their home folder. At the end, Joe has a VPS which he “subrents” for 5 USD to each user, this leaves Joe with a total of 25 USD a month and a total cost for him of 5 USD. In fact, Joe could even charge 6 USD and have the cost totally eliminated for him.
Is this solution ideal ? Well, of course, it is true that Joe would have to know how to limit the accounts’ access accurately, otherwise people may end up interfering, Joe would also need to limit RAM allocation to each user, otherwise one user may end up getting all the RAM in an inefficiently run (or with a very heavy EA) metatrader platform. Of course, some ground rules would have to be brought up and some trust needs to be existent between the users. However, the above solution solves almost all the problems related to “sharing a VPS”. This new concept of a “community VPS” could save people who have small accounts a lot of money as it will be a very easy way to still keep profits while running their accounts in an always online, reliable, VPS environment.
What do you think of this solution ? I made a small test with two login “limited” accounts on one of my VPS with pretty good results, hopefully some of you may want to recreate my achievements or even start selling some “share” of your VPS. Also, if you want to learn more about the automated trading systems you can run on your VPS and how you can get long term profitable results from them please consider buying my ebook on automated trading or subscribing to my weekly newsletter to receive updates and check the live and demo accounts I am running with several expert advisors. I hope you enjoyed the article !