How to Setup Internet Connection Failover
I want to keep this write up neat and pithy, so here we go. One of my Market Volatility Harvester™ clients was actually considering trading with an unstable Internet connection. Even though every trade Market Volatility Harvester™ enters has both a profit target and a stop that will be immediately placed with your broker upon entry of the trade, not having a stable Internet connection can still be a problem, as my system is designed to take exits and re-entries, which requires an active Internet connection. One shouldn’t trade a day trading systematic strategy unless they have both a stable Internet connection with failover, as well as a dependable computer (this write up will only cover a stable Internet connection).
An Internet Failover Connection Solution
There are several ways one can set-up an Internet connection failover, with this write-up I’m going to cover how to do so using the Teltonika RUT950 LTE 4G Router, which as of this writing costs about $200. I’m going to ask that you copy and paste the above router into Google and do some shopping if you decide to use my method of Internet connection failover. In case you’re wondering, I’m not an affiliate of anyone, I’m not trying to make a buck by linking to Amazon or anything; I’m just trying to help you have the proper infrastructure in place so that everything goes as smoothly as possible for you when you deploy not just mine, but any systematic day trading strategy. Another note, I’m a coder and a commodities trader, not an IT professional. So your IT person may know a lot more about setting up a failover Internet connection than I do, but what I am sharing works.
The Gist of Using The Teltonika RUT950 LTE 4G Router Failover Solution
Firstly, ensure you have a dedicated/static IP Internet connection. If you have a shared Internet connection, anyone else on your line could cause connectivity issues for you. Of course a dedicated/static IP connection is more expensive, but it’s definitely worth it in my view.
Secondly, get either an AT&T or T-Mobile Internet connection line (both should work with Teltonika RUT950 LTE 4G), which essentially involves you getting a SIM card from them and paying them a monthly fee for the line. As of this writing, T-Mobile offers what they call the North America Simple Choice Mobile Internet UNL Data with 2GB 4G LTE for $10/month. By the time you read this, that price may be higher or lower, but at least this gives you an idea of approximately how much cost you could incur. Of course, the more data you purchase the higher your costs go.
Finally, once you set-up the router following Teltonika’s quickstart guide, you go to the router’s network page, assign the main line, which will be your dedicated/static IP Internet connection, and your backup failover which will be the SIM card. In case you need it, here is a helpful “how-to” from the Teltonika community https://community.teltonika-networks.com/?qa=blob&qa_blobid=10039985812398155382.
There you have it, you now have Internet connection failover. So if your main line goes down, which it probably will at some point, you have a backup Internet line to which your router will automatically switch. Is it possible for the backup SIM card to fail? Of course, anything can go wrong, but in the back of the router you do have a slot for a second SIM card too. So you can get one from T-Mobile, and another from AT&T, as a backup of the backup. 🙂
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