IS Purple EA v1.1 MT4 is an Expert Advisor (EA) designed with a flexible and risk-managed configuration to optimize Forex trading performance. It uses a scalping and grid hybrid strategy to capture small but frequent profits while maintaining controlled risk. With features like dynamic lot sizing, a percentage-based stop loss, and time restrictions, this EA is optimized for low-drawdown and consistent performance, making it an excellent tool for traders seeking steady growth.

About the Author

This product is compiled by InvestSniper. This author has more than +8 years of experience working on MyFxBook with many famous products such as IS Purple EA, IS Yellow EA, IS Red EA, IS White EA, IS Grey EA, IS Blue EA, IS Green EA and other advisors. Among them, IS Purple EA is his best performing product.

Key Features of IS Purple EA

Scalping & Grid Hybrid: The EA combines a scalping-style strategy for quick gains with a grid system for position spacing and risk management.
Dynamic Lot Sizing: The EA automatically calculates lot sizes based on account balance and risk settings, ensuring an adaptive approach.
Percentage-Based Stop Loss: Each trade is protected with a Stop loss (SL) set at a percentage of your account equity, providing a balanced risk-reward structure.
Dynamic Trailing Stop: A trailing stop locks in profits as the market moves favorably, maximizing gains during extended price trends.

Additional Features

Time-Based Trading: Trading is restricted to specific hours to avoid low-liquidity periods, which improves trade execution and minimizes slippage.
Strategic Spacing: A minimum pip distance between grid trades prevents overtrading and reduces the risk of trade clustering during ranging markets.
Position Duration Control: The EA ensures positions do not remain open for too long, which helps to lower overnight risk.
Unique Trade Identifier: A unique magic number ensures that the EA’s trades do not conflict with other expert advisors on the same account.

Why Use IS Purple EA?

Enhanced Risk Control: The combination of dynamic lot sizing, a percentage-based stop loss, and strategic grid spacing provides a highly effective risk management framework.
Steady and Consistent Performance: By focusing on small but frequent profits and avoiding high-risk periods, the EA is optimized for low-drawdown and consistent returns.
High Adaptability: The EA’s automatic lot sizing and time-based filters ensure it can adapt to different account sizes and market conditions.
Ideal for All Accounts: Its conservative approach makes the EA a strong candidate for both small personal accounts and larger prop firm challenges.

Recommended settings

• Trading Platform: MetaTrader 4 (MT4) platform exclusively
• Currency Pairs: XAUUSD (Gold), GBPUSD
• Account Types: ECN accounts strongly recommended for optimal spread conditions
• Trading Timeframes: M1 (1-minute), M5 (5-minute)
• Trading Hours: Fully customizable via TimeStart/TimeEnd parameters
• Leverage Considerations: Conservative leverage approach recommended due to scalping nature; understand associated risks and verify broker compatibility
• Minimum Deposit: $100 minimum with professionally configured LOW RISK presets for $100, $500, $1000, $2000 accounts
• Infrastructure Requirements: Low-latency VPS hosting critical for scalping execution efficiency

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• IS Purple EA v1.1 MT4.ex4

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

 

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