Free MetaTrader VPS
Amazon web services (AWS) has been on our geek radar for a long time. It’s only recently that I found the time and a reason to bother giving it a spin. AWS offers 750 hours of free monthly usage on their lowest tier system. You can run a free MetaTrader VPS without needing to spend $30-40 per month.
The biggest disadvantage to using AWS is the number of steps involved. I have a staff of 4 full time programmers, yet it still took us quite awhile to figure out how to configure everything properly. Luckily for you, the steps below will save you all the hassle.
Sign up for a free MetaTrader VPS
- Sign up for an account with Amazon AWS. Assuming that you’ve already done business with Amazon before, use the same account information to keep yourself from getting confused.
- Even though you don’t plan to use any paid services, Amazon requires a credit card before you’re allowed to create instances (which is basically a VPS). The easiest way to do this is to visit the My Account section.
- Click My Account / Console, which is the same place that you clicked to complete step 2.Click on EC2, Virtual Servers in the cloud.
- Click the big blue button that says AWS Launch Instance
- A new screen loads titled “Create a New Instance.” On the left side, change the radio button so that it appears next to the Quick Launch Wizard. New options will load on the right side of the screen.Scroll down until you see a Windows server option that reads “Free Tier Eligible”. Microsoft Windows Server 2008 Base 64 bit is fine.
The top of the screen allows for naming the instance. Name the instance “Free MetaTrader VPS” to make it obvious what you intend to use it for.
Choose a key pair, which handles the cryptography. Select “Create New” to keep it nice and simple. Amazon will force you to download a .pem file. It’s very important that you remember where you saved this file.
- Wait up to a minute on the new screen. When AWS is ready, you will have the opportunity to push the Launch button.Check that the type reads “t1.micro”. This means that you’re getting a free VPS to run MetaTrader.
Accessing the Instance
The fact that you pushed launch is anti-climactic. It’s going to be another 5 minutes before you can use the free VPS. Sit back and read your favorite blog to kill some time.
After waiting 5 minutes, then we can get started.
- If you’re in the EC2 dashboard, click Instances on the left menu.When the new page loads, you’ll see a grid listing the available instances. If you followed the steps properly, you’ll see one labeled Free MetaTrader VPS. Right click on it, then select Connect.
- A screen loads called “Console Connect”. The important information appears near the top. The username is always “Administrator”. The password should appear if you did not select a key pair.If you did select a key pair, then click on the link Retrieve Password. You’ll need to upload the .pem file that Amazon provided at the time that you created the keys. Amazon decrypts the file and supplies a password for the VPS.
Once you know the user name and password, click the link to Download Shortcut File. Save this in an obvious location such as your Desktop or My Documents. The file type is .rdp.
If your browser allows you to choose the name, change it to something understandable like “Free MetaTrader VPS.rdp”.
- Double click the icon that you saved to Desktop.
- Type in the password where prompted
- Start installing MetaTrader like you would on any other computer. It looks like you’re on a brand new computer – because that’s exactly what you’ve done.
Congratulations – you just finished setting up your free VPS courtesy of Amazon Web Services.
Lightweight Technical Specs
You’re getting what you pay for. The free VPS is barely above the minimum specs for running MetaTrader.
The setup comes with 613 MB RAM and the equivalent of a single processor. If you’re not computer savvy, that’s like running MetaTrader on a computer that you bought in 2000.
Running demanding expert advisors or any calculation intensive MQL file will stall the system. The setup is sufficient for bare bones trading and not much else.
Did you get stuck anywhere in the process? Leave comments below so that we can answer your question and make the instructions more clear.