Forex Hoster is software that provides VPS services. VPS stands for virtual private server which is basically a hosting server that is more reliable than regular computer. Users can interact with it in the same fashion as if they were running their own PC meaning they have a full control over provided functions. A user can install their favorite EA (Expert Advisor in MetaTrader) on this server where it runs uninterrupted 24/7 under constant monitoring. Thus, execution of your strategy does not depend on own internet connection or stability of a home based computer.
Since the Forex Hoster is optimized for forex, users can very easily load in and set up their favorite MetaTrader 4.0 Expert Advisor. Also they have an option to choose and change their preferred broker as they see fit.
Hoster by many is considered one of the best VPS providers, yet they have not been in a marketplace long enough to win truly respectable reputation.
At the price of just under $70 payable every month, it certainly is not as cheap as many would like it to be. Yet, renting virtual servers usually runs around that price – so acquiring one specialized in Forex for the same amount of money seems somewhat more reasonable. However, to rationalize this type of a cost, a trader would have employ a system that generates hundreds of dollars in profit on average day meaning they would have to run accounts that have over at least twenty thousands of dollars, if not more. Thus, this service is just not tailored for anyone who plans to demo some robots, and then open a live account with few hundred dollars.
If they really think they need EA hosting, they can choose to purchase the robot which comes with the server option feature already included in its price.
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