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Forex VPS works best for people who trade in forex automatically or do automatic forex trading, as all you have to do is set up your Forex expert advisor on your Forex VPS and just get started with your forex trading. So just sign up for a Forex VPS at UCVHOST and install your Forex expert advisor and get started.
In this article we will discuss how you can use a forex expert advisor to trade in futures contracts
Firstly we will define what exactly is a forex expert advisor. A forex expert advisor is a software that attaches to a Metatrader trading platform. The robots of EA trading give a set of commands to Metatrader and then execute forex trades for you based on these commands for you. This is called automatic forex trading. If you have chosen a right forex broker and an expert advisor for your forex trading then this EA can be used in the futures market.
Here are some instructions for you on how you can set this up for yourself
- Firstly open an account with a broker that allows trading in futures using Metatrader trading platform. One of them is Alpari.
- Now download their Metatrader software on your desktop or your Forex VPS and then install it. After installing it restart your pc or Forex VPS.
- On the desktop click on “Start” and then double click on “computer”. Now go to “program files”.
- Now select the Metatrader program folder on your server or PC. You will also find the broker’s name attached to it. For example if you have chosen Aplari, then it will read as Metatrader Alpari UK.
- Click on this folder and then select the folder named as “Experts”. Now drag and drop your expert advisor into this folder. The EA file will have an extension as “.ex4”.
- Now launch the Metatrader application
- Then click on “File” and then “New” and choose futures contract in which you want to trade. Now have a look under the “Expert Advisors” and then the one you just installed.
- Now go to “View” after opening the application and then click on “Navigator”. Now have a look under the “Expert Advisors” and then the one you just installed. Now right click on it and then choose “Attach to Chart”.
- Now click on F7 key on your keyboard and hold it. This brings your EA properties on your screen. Now hit the “Common” button and then choose “Enable Alerts” followed by “Allow live trading” and then “Allow DLL imports”. After this click on “Allow Imports of External Experts” and then click on “OK”.
- Now click on “expert Advisors” icon that is showing on the toolbar on top of your screen. This makes the button green in colour stating that it has started. After this you will see a smiley face on the upper right hand corner of the window. Now you are ready to trade on your EA.
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