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Kamis, 24 Oktober 2013

Top Five (5) Forex VPS Providers - 2016

(Edited 15th January, 2016 - *New VPS Added) A virtual private server (VPS) is a "virtual machine" with the capability of providing computing services over the internet or network. In other-words they are like your regular desktop
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or laptop computer with software programs only that they are located miles away in a cluster of super computer server rooms. However you can do the same regular computing task you would normally do on your desktop computer on the VPS (virtual machine) with significant advantages.


Some companies offer divers hosting services either through virtual private server or virtual dedicated servers as an addition to the regular web hosting services. 

However we would be looking at the virtual private servers, which is commonly used to host Forex services in a dedicated and efficient way. We will also present our top Five (5) VPS Providers.

IMPORTANT
Please see the following guides below before considering a VPS plan:
  1. Guide To Selecting a Forex VPS Provider
  2. Reasons Why You Might Need A Forex VPS Service 
The Top 5 Forex VPS Providers were carefully picked based on industry standards, and user preference.

Parameters Used In Selecting The Top 5:
  1. Latency: Very important due to the instantaneous nature of Forex trading (price feed sources)
  2. Support: Extremely essential in times of unforeseen downtimes. We also considered social support networks like Facebook, +Gmail, Live Chat, Twitter, e.t.c.
  3. Hardware: Server type, memory, CPU, disk space, hardware reliability, and compatibility.
  4. Price: Of course everyone wants something fair enough. So we looked at flexibility and good price options.
  5. Bandwidth: Internet allocated bandwidth, private IPs, e.t.c.
  6. Expert Advisor: Restrictions, free EAs, how many EAs per account, e.t.c.
  7. Platform: MT4, MT5, do they support proprietary platforms?, are they preinstalled?, e.t.c.
  8. Plans: Flexibility of the payment plans.
  9. Guarantee: Ensure client's confidence for refunds of fee.

Warning: FXTradeCity would not be held liable for any performance issues or undesirable results from these providers. Interested persons (traders) are advised to carryout personal due diligence checks on any of these providers before subscribing. See our Risk Disclaimer Notice and Privacy Policy for more information.


TOP 5 FOREX VPS PROVIDERS (edited 13th Jan, 2016)


NextPointHost **new
TradingFXVPS
STVPS CNSLinkup Host
Price/m $15.00*
$30.00*
$45.00*
$25
$45*
$90*
$180
$250
$34.99
$39.99
$64.99*
$249.99*
$30.00
$65.00
$22.00
$44.00
$66.00
$88.00
Disk space 10GB
20GB
40GB
40GB
60GB*
100GB*
160GB
200GB
25GB*
28GB*
30GB*
60GB*
20GB
30GB
22GB
44GB
66GB
88GB
CPU 2x2.4Ghz,
3x2.4Ghz,
4x2.4Ghz
(Intel® Xeon®
E5645)
1, 3, 4 CPU Cores 1, 2, &
8 CPU Cores
2, 4, &
6 CPU
Cores
2x2.4Ghz,
3x2.4Ghz,
4x2.4Ghz,
5x2.4Ghz
(Intel® Xeon®)
Memory 1GB
2GB
3GB
2GB
4GB*
8GB*
12GB
16GB
1GB
2GB
2GB*
10GB
Varies (add
RAM in
blocks of
128MB)
up to 3GB*
1.5GB*
3.0GB*
4.5GB*
6.0GB*
EAs Free 100 EAs Free installation & setup. All EAs accepted Premium EAs through subscriptionPremium EAs.
Users are free
to install EAs

Bandwidth Unlimited UnlimitedUnlimitedControlledUnlimited
IP Network Dedicated IP

Dedicated IPDedicated IP
Terminal Unlimited
Terminals
MT4 & MT5 Preinstalled
Metatrader Preinstalled upon request Limited
according to subscription
plan

MT4 & MT5 Preinstalled
Setup Cost FREE FREEFREEFREEFREE

Support
Live Chat, Ticket Live Chat,Ticket, Skype Call Live Chat,
Ticket
Technical
Support
Ticket
Operating System Linux Win2012 Win 2008
Win2012
Win
2003 R2,
2008 R2,
0r 2012,
Linux*
Win 2008 Server
Protection System Never Reboot
Protection,
Firewall/
Monitoring DDOS/Intrusion Protection &
Secure,
Redundant
Datacenter
24/7 Network Monitoring, Concurrent Maintainable Data Center, Fully Redundant system, DDos & Intrusion Protection, SSD RAID 10 Disk Array
Two-factor Authentication, dual firewalls, network monitoring, intrusion
detection,&
attack response
Remote
reboot, DoS &
Intrusion
Prevention,
Firewall &
network
monitoring,
Antivirus
Access From any PC, &
Smartphones
Remote Desktop Connection,
PC, Android,
iOS Phones, VNC

Remote admin,
PC, Android,
iOS Phones
PC,
Smartphone,
iPAD,
iPhone
Payment Option PayPal,
MasterCard,
VISA,
Discover,
Perfect Money,
Wire Transfer
PayPal,
MasterCard,
VISA,
Bank Transfer
Paypal, Skrill* Paypal, Moneybookers, Google Checkout, Bank Transfer,
Mail In payment
Paypal,
MasterCard,
VISA, Skrill, Discover,
Perfect Money,
Bank Transfer
Money Guarantee 30 Days 30 Days
30 Days 30 Days
https://nextpointhost.com/aff.php?aff=114
* Updated 15th January 2016 - see comments section for changes

If you wish to know the benefits of a Forex VPS Service to your Forex trading then read this: Reasons Why You Might Need A Forex VPS Plan.


Happy Trading....


Senin, 14 Oktober 2013

How To Fix Very Slow Forex Trading Platform

Slow performing or frozen Forex platform occurs more often when there is an overload on the resources of the platform or computer or data corruption in any vital object of the trading platform or an EA/indicator crash. Sometimes the effects also spills over to the overall performance of the computer. 

This article helps you to detect the cause, source, and solutions to very slow or persistent frozen platforms.

Computer programs that demands high resources are usually prone to crashes because they are often denied the required resources that would allow them perform optimally due to other tasks on the queue demanding for resources as well. Your MetaTrader Trading Platform is one of such computer programs.

Clarification: Computer resources are mainly the computer processing speed, hard disk storage, and memory.

MetaTrader Trading Platform like every other trading platforms are data-centric i.e. they require data to give results or perform their functions effectively. The data here is the currency feed or market price, which is downloaded in ticks from feed providers through your broker to your platform. The tick data is continuously downloaded as long as the Forex market is active, and your platform is connected online. Without this data feed you would not be able to get market prices to trade, and any disruption or disconnection from this feed would cause truncation of data, which results to common issues like "requote", "no network", "wrong TP/SL values", and outright freezing of the platform.
Before we present the causes, and sources of platform sluggish performance, let us see the requirements needed for the installation and operation of a trading platform. For this guide we will be using MetaTrader 4. 



System Requirements
Minimum RequirementsRecommended Requirements
Operating systems: Windows 2000,XP/Vista/7
Processor: 1.5 GHZ
RAM: 1 GB
Screen resolution: 1024×768
Internet Requirements: - Broad band internet connection
Hard Disk: 100GB 
Internet Explorer version 7.0 / Mozilla Firefox 20 upwards or the latest release of the browsers.


Operating systems: Windows Vista/XP/2000
Processor: 2 GHZ or higher
RAM: 2 GB or more
Screen resolution: 1280×1024 or higher
Internet requirements: – Modem/connection speed 36.6 Kbps or faster
Hard Disk: 200GB or higher
Internet Explorer version 10.0 / Mozilla Firefox 24 or the latest release of the browsers.

The two (2) major sources of sluggish platforms or persistent frozen platforms are low computer resources, and platform object issues.

LOW COMPUTER RESOURCES
If you frequently experience either of the symptoms below then your computer is likely the source of the problem. You need to see a computer technician or source for guides on the internet on how to maintain/re-install your operating system.
  1. Strange and uncoordinated mouse/keyboard movements.
  2. Sudden system crashes especially after booting the computer.
  3. Most programs generate error messages when they are opened.
  4. You get weird system error messages on a blue screen and then sudden system halt.
  5. Programs take an unusual time to open often.
  6. Copying and saving to hard disk or external drives is a herculean task.
In some cases resource leaks could be the problem. Resources leaks are computer programs, which do not release your computer's system resources when needed and thereby cause your computer to become unstable. Rebooting your computer should resolve this kind of problem. A better way of managing resource leak is to turn off programs after using them.

To see your computer performance and resource management, follow this steps. 
  1. Press CTRL+ALT+DEL. This will activate the Windows Security Window with options like: Lock, Switch User, Log Out, Change Password, Windows Task Manager, e.t.c. Click the Windows Task Manager.

  2. On the Windows Task Manager click the Applications Tab. You should see a list of Programs with their status. If the Trading Platform is frozen the status would change from running to "not responding".

  3. Click the Performance tab to see the CPU usage and Memory including a graph of the peaks. CPU usage above 80% to 100% peak is an extremely serious case.


  4. Click the Process tab to see the objects running at the background of the computer. Find terminal.exe on the Image Name column. Look at the far right for the value on the Memory (private working set) column. This is the value of the amount of memory being consumed by the application (terminal.exe). An extreme high value means something is wrong. An ideal value should be around 300,000k to 500,000k max. Higher activities would go as high as 700,000k.


From the illustration above we can see that my MetaTrader 4 is consuming over 800,000 bytes of the computer memory. (Actually i posted this when i had an issue with an indicator on my chart.) 

The windows task manager is the best utility to help detect causes and sources of program crashes. Keep this utility open while we undergo the troubleshooting steps.
    CAUSES OF PLATFORM SLUGGISH PERFORMANCE
    1. Overloading your charts with too many indicators, and expert advisors beyond its capacity. This is a common cause of platform crashes. Some indicators are poorly written without error traps, which floods the computer with too many dumps and errors to handle.

    2. Overloading the bars in the charts beyond what your computer resources can manage. MetaTrader 4 trading platform is capable of taking a maximum number of 999999999999 bars in the history and charts. Actually you do not need more than half of this unless for back testing purpose.

    3. Opening too many charts beyond the capability of your computer resources. MT5 allows more charts to be opened seamlessly with less resource restraints.

    4. Trading with an outdated platform. New versions comes with solution to bugs, and enhancements.

    5. Opening many instances of the same trading platforms.

    6. Extreme volatility especially during core news release.

    7. Very poor internet connectivity.

    8. Data corruption of your platform's log files, and system files.

    HOW TO FIX SLUGGISH PLATFORMS AND PERSISTENT FROZEN PLATFORMS
    First follow the steps above (how to see your computer performance and resource management). Leave the windows task manager open for the rest of the steps. 
    1. Elimination method: Most times when you place a new indicator or expert advisor on your chart, the platform freezes immediately.
      • Disconnect your internet connection to release the platform from its frozen or sluggish state.
      • Take out the indicator or expert advisor. Restart the trading platform (optional), and reconnect the internet.
      • Check the application status from the windows task manager if it is running. Check if the values of the process object (terminal.exe) has reduced. Also check the CPU usage and memory usage if it has dropped. 
      • Normally your trading platform should return back to normal otherwise repeat this steps until you identify the indicator or expert advisor causing the problem.

    2. Reduce Price Bars: There are two major needs for price bars in your trading platform, which is "bars in history" and "bars in charts". The bars in history is required for back testing purposes. When your platform downloads tick data, they are stored in the history folder in your hard disk. The "bars in chart" are the candles on your chart in the form of price you trade with. The chart can take a bearable number of bars depending on your system resources. A high number of bars would need a high number of resources to handle object painting on the screen, calculations, drawing, and execution of other tasks in nano or mini seconds.

      Reducing the numbers of "bars in chart" by 50% would reduce memory and resource consumption, which would enable faster platform performance.

    3. Be careful with indicators that repaints. They are resource consuming. Examples are automatic trendline drawing systems.

    4. Don't overload your charts with indicators, and expert advisors. Use magic numbers to allow one expert advisor trade other charts rather opening many charts with the same expert advisor.

    5. Update your trading platform regularly. The latest build for MT4 is build 509.

    6. Ensure your computer meets the system requirements needed for your trading platform and other external trading resources. It is better to watch live news streaming for news release on cable satellite television while preparing to trade the news. This will reduce the bandwidth and resources your computer would consume.

    7. Inform the developer of your indicator or expert advisor about your experience while using their products. Request for light weight versions.

    8. Carryout a complete re-installation of your trading platform to restore corrupt data files.

    9. Upgrade your operating system, and memory.


    Here are some utilities and tools you could use to check and fix corrupt system files that causes overall sluggish performance:


    1. DLL Suite: An advanced Microsoft Windows DLL files  fixer, a DLL repair tool that allows you to fix DLL errors, fix EXE errors, fix SYS errors, fix corrupted files and download missing DLL files for Windows 7, Windows Vista and Windows XP PCs, both 32-bit and 64-bit operating systems.  



    2. Registry Nurse: An award-winning Windows Registry cleaner that helps you scan your PC, safely clean the errors & invalid entries cause system slow, freezing and crashing, and repair registry problems to speedup your computer performances with simple operation.

    As you take each of these steps, go back to the Windows Task Manager, to see the effect of the action. A reduction in the memory, and CPU usage shows positive results.

    We'll be glad you share any tips on this subject to help other traders like you.


    Rabu, 02 Oktober 2013

    BreakThrough Expert Advisor - Personal Review

    This is a personal review of my experience with the BreakThrough Expert Advisor. Interested users are advised to carryout their personal test with this EA before using it.

    This article is not a solicitation to use this EA. The writer and this website shall not be held liable for any performance beyond the expected results of the EA. Please read our risk disclaimer notice, and privacy policy.

    BRIEF
    The BreakThrough EA was designed by greg18 (username on Mql4.com Codebase Forum - See Profile). It has the ability to automatically place trades with the aid of trendlines drawn on the chart by the user. Trades are placed by the EA when the trendline criteria is met.



    See further description of the BreakThrough EA


    MY PERSONAL EXPERIENCE
    My first experience with this EA was amazing. I love trading the trend because there are higher success rates if you are able to trade the right trend. I designed a unique Moving Average System, which i supplement with Support & Resistance tools to trade the trend. I also love trading breakout systems. So this EA supplements my efforts by automatically placing trades through the trendlines drawn on my chart.

    Here are some of the trades the EA placed and won.

    1. AUDUSD 30M - 30th Sept, 2013 (10:00 AM EST) - 10 Lots = $880.00. The EA placed the trade after price cut above the down trendline.



    2. EURUSD 30M - 30th Sept, 2013 (10 Lots - $5,250.00)


    These are the two trades the EA has placed so far through the trendlines i drew on the chart.

    MY VERDICT

    Advantages
    1. Very good for trend trading strategies.
    2. You do not need to watch the chart all the time waiting for a breakout on the trendline before placing your trades.
    3. Supplements trend trading systems.
    4. Precise and accurate entry.
    5. Works in all trend situations.
    Disadvantage
    1. You need to remove old trendlines from the chart else when price repeats such areas it might place orders unknowingly. (I am yet to verify this)
    2. Not for everyone. You must know how to draw trendlines because the EA thrives on it to place trades.
    See our Forex Resources Page for links to Forex Strategies where you can get resources on trendline trading systems.

    HOW TO GET THE EA
    Click the Code Base Tab of your MT4 Platform, and look for BreakThrough EA. You can also get it directly from http://codebase.mql4.com/8974?source=terminal4_codebase

    We would be glad you leave your comments on your experiences with this EA.  


     
    StrategyQuant EA Wizard: Build any EA you want. Convert your trading idea into a Forex Robot.


    Jumat, 27 September 2013

    Facts About Forex Robots - What You Need To Know

    A Forex robot is a computer program designed to perform Forex trading actions such as buying, or selling an order on a trading platform without the intervention of a trader. In otherwords they are designed to perform the actions a trader would do manually. 

    The nickname Forex robot is derived from the attributes or intelligence a robot possesses in handling human task, otherwise they are technically known as Expert Advisors.

    ---> See our resources on Expert Advisors

    The computer programs are written with special programming languages like mql, C++, C#, java, scripts, e.t.c. A Forex robot program would usually have the following primary functions in it: 
    1. Financial functions 
    2. Mathematical functions 
    3. Statistical functions 
    4. Logical functions
    5. Time functions 
    6. Combined functions (e.g. combination of indicators to form a complex or single indicator)
    7. Complex functions and other code libraries.
    These functions are written with the guidance of the schema of the programming language. Therefore if you want to design a Forex robot you need to understand the programming language. However there are some special Forex robot development software, which allows any trader to design a Forex robot without the knowledge of any programming language. I recommend StrategyQuant EA Wizard


    ---> See our resources on Forex EA Development Software


    FACTS ABOUT EXPERT ADVISORS (FOREX ROBOTS)
    • EA is a fully automated or half automated tool for trading the Forex. 


    • EA is a very serious tool not as it is being hyped or advertised on websites with slogans like "relax while the EA makes money for you", "never work again", "no experience is required", or a picture of a trader relaxing in the beach on resort, e.t.c. It is not entirely true.



    • It is not a money printing machine as being illustrated in some adverts. The Forex market is dynamic, therefore there are ups and downs.


    • It does not makes you an expendable trader.

    • EAs has to be updated from time to time due to the dynamics of the market. This is why some EAs perform well for some months or years, and later fail suddenly. It has to be reviewed more often. 

    ---> StrategyQuant EA Analyzer - (A FREE Tool to Test, Evaluate & Analyze EA performance)
      • You need to have a balanced knowledge about technical & fundamental analysis. More knowledge of technical analysis is an added advantage if you want to design an efficient EA. 

      • You need to have a trading strategy to design an EA. You also need some experience with the market. 

      • ---> Read Article: 8 Requirements For Developing Forex Winning Strategies


      • You do not have to be an experienced computer programmer to design a good EA but you need to be a good and experienced trader to design a profitable EA. 


      • EAs are very good at handling emotions, fear, accuracy, speed, greed, money management, e.t.c much better than the best human psychic. But they are worse at emotional judgements (some trade decisions require a level of emotion).


      • EAs operate in the principle of garbage in garbage out. This means their performance relies on what you program into it. 

      • The Forex market is yet to get an EA with 100% all round performance. If you know any please let us know.


      • 90% tick data modelling quality is the minimum to determine a well tested EA.   



      These are some of the real facts about Expert Advisors. We advise you do your home work before purchasing any EA. You can try our FX Probe (Investigator) Services to help you get the true facts of an EA or refer to our Forex Resources Page for Forex Reviews/Benchmarks/Ratings for a list of Forex rating & review websites.

      You are welcome to share your facts with us.



      Rabu, 18 September 2013

      How To Convert Your Trading Strategy Into Forex Signal Services



      This article reveals the steps required to convert your trading strategies into Forex signal services, which would create an additional source of income.

      HF Social

      Forex signal services is a system where Forex signals are sent through the signal provider's trading account, trading platform/server, automated synchronizing systems, web, or emails to a client's trading account or terminal. It is a fast growing method of commercializing trading strategies.

      A consistent and profitable Forex system is every trader's desire. The Forex system could be in the form of an expert advisor, manual trading strategy, news trading or semi automatic trading systems. Apart from the profits the Forex system would generate when it is used to trade, more income can be generated from it when it is commercialized. An interesting fact is that Forex system producers make more money from their products when they commercialize it.

      Why You Should Commercialize Your Forex System?
      If your system is good why sell it? This is a question most traders ask.

      Forex trading has one of the highest number of participants in the world as evident in its daily revenue returns, which is higher than all other financial investments (stocks, shares, e.t.c.) put together. This means that there are millions of people trading everyday, and more than 80% of them are trading with the use of one Forex system or the other. Imagine a Forex system with the capacity to generate 80% win ratio or 50% monthly returns with 2% drawdown, and it is being sold in the Forex market with over 1 million
      potential buyers for $100. That would amount to $100,000,000.00 if everyone bought the product or maybe half or less than half of it, which is about $25,000,000.00 in some months of sales. Now imagine you were the owner of that Forex system.

      Commercializing your Forex trading strategy would give room for critics, which would enable you to redesign a much better system. A newer release or version would normally fix bugs or add more functionality, which would improve trading performance.

      Commercializing your Forex system would pay you for the years or months of hard work, costs, salaries for programmers, and other expenses incurred. It also provides an opportunity for an alternative source of income.


      Why Do Signal Providers & Traders Prefer Signal Services?
      1. Cheaper Cost
      2. The cost of rendering signal services is quite cheaper depending on the type of signal services solution that is deployed by the provider.

        Types of Signal Services Solutions:
        • SMS (Mobile SMS, Web to SMS, Bulk SMS, e.t.c.)
        • Host Providers (e.g. MQL Community Signal Services)
        • Direct Emails & Websites
        • Social Platforms (Facebook, Twitter, Google+ Community, e.t.c.)
        • Instant Messenger (Skype, Mobile Messengers, Yahoo Chat, e.t.c.)

      3. Wider Client Reach:
      4. Most traders prefer Forex signal services to other Forex systems due to the simplicity, cheaper cost, and trust on the provider. The technology involved in signal
        services makes it easier to reach many clients irrespective of their geographical location. Getting customers or clients is very easy through forums and social platforms. For example MQL has about 117,070 members as at 12th Sept, 2013 and they support signal services from providers to their members.


      5. Easy Installation:
      6. Some signal services do not require installation on the users trading platform especially those that are provided through SMS, Web, Live Rooms, e.t.c. Some require installations in the form of indicators or EAs, which connects to the provider's server where the signals are sent directly to the client's trading platform.

      7. Trust:
      8. Trustworthy signal providers usually publish their performance results on their website or on reputable benchmark websites like myfxbook.com for all intending subscribers to scrutinize. Also some providers give daily analysis of their trades before it occurs or after it occurs.

      9. Flexibility:
      10. It is very flexible in terms of upgrades, and expansion. More concepts can be introduced as the subscriber base grows or improves. For example when a subscriber base increases or a particular signal is being subscribed more often, it gives the signal provider an opportunity to increase the fee or break it down to smaller services with additional fees.

      STEPS ON HOW TO CONVERT YOUR TRADING STRATEGY INTO FOREX SIGNAL SERVICES

      1. Conduct Thorough Tests on the Trading Strategy:
        Ensure you have tested your trading strategy in a live account or demo account for a minimum of 6 months upwards. The longer the test period the better the confidence. This is very important as most Forex traders look out for consistency in profitability of any trading system. Use the best Forex testing software at your disposal to conduct random testing with different parameters. Also test your strategy with different brokers and account types. The essence is to make sure your trading strategy meets the optimum standard.

      2. See: Forex testing software (StrategyQuant EA Analyzer., StrategyQuant Tick Downloader, Forex Tester 2.0)

      3. Choose a Good & Affordable Signal Services Delivery Solution:
        You do not necessarily need massive computer servers, or software to start a signal service. There are lots of options, and solutions to choose from when deciding the right technology to start with. Beginners, and those with little budgets are advised to look out for free or cheaper solutions like emails, free hosting providers, forums, e.t.c.

        When choosing a signal services solution, the following criteria are very important:

        • Latency
        • Speed
        • Broker specifics (ability to handle 4 & 5 digit orders, other currency types, automatic order placements, e.t.c.)
        • Provider/Client Operating System & Server Type
        • Geographic Location
        • Remote capability & mobile phone support

      4. Package & Pricing:
        Packaging is an essential part of marketing. It involves the product's brand name, logo, and trade marks.
        Although this is not a physical product but it needs to be presented like a physical product on a shelf on sale. All you need is a professional graphical design of your product, which would be used in advertising your trading strategy in the form of a signal service.

        A second essential part of packaging involves breaking down your signal service or product into smaller services. This helps you organize a good pricing system.

        Fixing the right price is very crucial to how many clients 
        would subscribe to your signal service. You have to be very cautious with high prices because of the competition in the market. Start with free services for some time as most Forex traders love to try free products before paying for it. The free service duration would also help you build a list of interested clients, and also give you the opportunity to improve the services from user feedback, and critics. You could also get client's psychology or perception on what they think should be the cost of your product. Rolling out the paid service would be smooth If clients experience positive returns from your signal service during the free period .

        The next stage on the roll out is announcing the price to your clients. How much should it cost? Should clients pay a certain amount per month? or per quarter or annually? Should it be one time-off payment?

        The right cost depends on the cost of technology you choose to use in rendering your service, the management cost of the service, and your capacity to render adequate support to your clients. However breaking down the price into affordable units like free, basic, premium, and gold is the best way to fix a price that will suit you and your clients. There should be an affordable option available for everyone.

      5. Finally the following costs should be considered, and built into your price if neccessary.
        • Administrative costs (includes programmers fees, hosting fees, and other logistics).
        • Cost of hiring solutions like VPS, and software license renewals (if any).
        • Any other recurring costs necessary to avoid disruption of services.

        CAUTION
        DO NOT OVER BURDEN YOUR CLIENTS WITH EXCESSIVE
        FEES ESPECIALLY IF THE PRODUCT IS NEW TO THE FOREX MARKET. EVENLY DISTRIBUTE THE IMPORTANT OPERATIONAL COST ON THE FEES TO YOUR CLIENTS AND LET THEM KNOW THAT YOU HAVE TAKEN OFF SOME PERCENTAGE OF THE COST AS AN INCENTIVE.

        40% Life Time Discount Guarantee For All VPS Plans

      6. Market & Advertise The Signal Service:
        The Forex market has lots of opportunities for traderswho are willing to purchase or try a new product. The question is how do we get the attention of these traders especially when there are similar services out there? This depends on the marketing strategy you deploy. It is very important to note that good products sell faster irrespective of the marketing strategy. However a better marketing strategy would  make it outrun competitors, and keep it at the top rank for a very long time. The first step is to identify your niche (i.e. your audience) before deciding the marketing or advertising platform to use.

        There are lots of marketing channels with their attendant costs. So if you are a beginner with a low budget there is still something for you. Lets see some free & affordable but effective means of marketing your new signal service package.

        Social Platforms: Examples are facebook, google+ community, twitter, chat rooms, forums, e.t.c. These are one of the fastest medium to advertise, and market your signal service. Some of the social platforms offer free signups, and their paid services are also very cheap.

        Direct Adverts Through the Web: This involves designing a website solely for the signal service, and using advertising campaigns like google adsense, click bank, RegNow, e.t.c. to promote the website, and the signal services package. This method attracts a significant amount of running costs. A cheaper method is to use web bloggers like blogspot or wordpress.

        Signal Services Hosting Providers: This has more advantage over the other methods. The hosting provider connects your service to its pool of clients. The marketing and advertising is taken care of by the hosting provider. A fee is usually required from the hosting provider for hosting the signal services and other services it renders. MQL Community Signal Service hosts over 9000 signal services with over 100,000 members and users. 


      7. Follow Up & Publish Your Trade Results:
        Followup with your clients periodically. You can create a forum to enable interactive sessions. This will boost your client confidence and also attract other subscribers. Also ensure you publish your trades daily or at the end of each trade on the forum or website. This would allow transparency and serve as a means of performance advertisement.

      Designing a profitable trading strategy is a vital aspect to succeed in Forex. However commercializing it through signal services triples your success to greater heights because you are challenged to improve your system when traders are happy to pay for it.

      Further Reading: 
      1. Top 7 MQL's MT4 Signal Services Providers
      2. How To Make 40-50 Pips Consistently Using Unique MA Combination
      3. How To Copy Trades in MT4
      4. 10 Differences Between MT4 & MT5 Trading Platform

      Forex Resources & Tools:
      EA-Wizard Expert Advisor Development Software for Non-Programmers