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The AWS Free Tier EC2 instance specifications are not sufficient for the day trading requirements you've outlined, especially for heavy use scenarios. The Free Tier typically offers a t2.micro or t3.micro instance, which is significantly less powerful than what's recommended for day trading with Bookmap.
For day trading purposes, you would need to upgrade to a more powerful EC2 instance. Based on the requirements you've provided, here's what you should consider:
-
For light use:
- Instance type: Consider a c5 or m5 instance series
- At least 4 vCPUs
- 16 GB of RAM
- SSD-backed instance storage
-
For heavy use:
- Instance type: Consider a c5 or m5 instance series with higher specifications
- At least 8 vCPUs
- 32 GB of RAM
- SSD-backed instance storage
The monthly cost will vary depending on the exact instance type, region, and usage patterns. As a rough estimate, you might be looking at anywhere from $70 to $300 or more per month for a Windows instance that meets these specifications, running 24/7. The cost could be lower if you only run the instance during trading hours.
Keep in mind that these instances will not be eligible for the Free Tier, and you'll be charged standard EC2 rates. Also, ensure that the instance you choose supports the required GPU capabilities for Bookmap.
It's important to note that while EC2 can be used for this purpose, you should carefully consider factors like network latency and reliability when using cloud-based solutions for time-sensitive applications like day trading. You may want to explore dedicated hosting solutions or consider a high-performance local machine as alternatives.
Sources
System requirements for Virtual Machines (VMs) - AWS Elemental Live
Get started with the AWS Free Tier - How AWS Pricing Works
Compute – Amazon EC2 Instance Types – AWS
As per what the re:Post Agent mentioned, your requirements are above free tier limits.
You can use AWS Pricing Calculator to get an initial estimate.
Create estimate
, select your Region
, Add service
and choose Amazon EC2
Configure the EC2 settings as needed. You may need to choose Daily spike traffic
with minimum of 0 and maximum of 1 instance.
More details in documentation
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But it is not 24/7 but only +/- 2 hrs before and after US session open.