Year 2015 is the era of Brokers focusing more on Technology especially on the Client Front end UI design and therby providing more power to the retail traders. Many popular brokers and vendors launched their brand new web based platform and made traders to access their terminal and trade from anywhere/anydevice in the world. Metatrader one of the popular vendor among International Forex/CFD traders also launched their Web Based Platform.
Starting from MT4 Build 600+ onwards Metaquotes has changed metatrader files data structure and so there is a change in Installation of Custom MQL4 indicatorsAdvisors. The change happened majorly because Starting from Windows Vista onwards, Microsoft has introduced a restriction on writing to Program Files directory. And mostly programs are not allowed to store their data in Program Files folder if User Account Control (UAC System) is enabled.
Metatrader from its Client Terminal build 735 build onwards implemented a new feature called Virtual Hosting. Where a virtual server can be ordered within the MT4 terminal itself using your mql5 community login id and pwd. Currently MT4 provides 360 minutes of free trial and extended usage out of free tier is mostly subscription based. Virtual servers are hosted by MetaQuotes Software Corp.’s partner companies.
Generally if you are planning to run your autotrading system 24×7 without human intervention its quite difficult to do it in your local machine due to lots of complexities involved. Some of them are Internet Outages, Power Failures, System Errors, Hardware Failures. During those critical times when you have such outages and you some positions left in the system un-noticed definitely you are likely to get in trouble. In such situations VPS comes to rescue.