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Purple Ice

Purple Ice

Purple Ice is a bias trading robot that sells and buys at predefined hours on specific days. It has been developed on three crosses, EURJPY, EURAUD and EURNZD on H1 timeframe.


Key Features

  1. Absence of dangerous algorithms.
  2. It works just when the bar is closed.
  3. Each order has a protective dynamic SL and TP level based on the current volatility.
  4. Easy to use, optimization not required, very few parameters.


Description of the Main Expert Advisor Settings

  • Magic Number: self-explicative
  • Lots: if this parameter is not equal to zero, the EA will open trades using this lot size.  This parameter takes precedence on maxRisk.
  • Max Risk: if this parameter is not equal to zero, the EA will open trades using a variable lot size, risking a fix percentage of the account. For instance, if maxRisk is equal to 1.0, an order will be opened for X lots, but the stop loss will be around 1.0% of the account. Due to roundings and different calculations, the maximum risk cannot be exactly 1.0%, but it will be a number really close to it (most of the times a bit bigger).
  • Use custom settings: if true the EA will use the next five parameters to calculate stop loss and target based on a multiplier of the average true range of last X periods (see paragraph below).
  • ATR period: period of the average true range.
  • Target multiplier long: multiplier of the average true range for long position targets.
  • Stop multiplier long: multiplier of the average true range for long position stops.
  • Target multiplier short: multiplier of the average true range for short position targets.
  • Stop multiplier long: multiplier of the average true range for short position stops.
  • Setting copied from: this EA can be used on any cross, but since it is a bias robot, you need to specific from which cross you should copy the settings.
  • GMTforBacktest: this variable is used just during the backtest. Please read below for instructions.


Stops and targets

Stops and target are calculated as a multiplier of the averarage true range. For instance:

  • Stop long = entry price - multiplier1 * iATR(X), with X as the number of periods.
  • Target long = entryprice + multiplier2 * iATR(X).
  • ...
With the available parameters you can either choose to use your own setting or to use the built-in ones.

Backtest

If you want to backtest it you can directly use open prices only since the EA is working with closed bars. Besides that you need to set the variable  GMTforBacktest with the time difference between UTC+1 and your broker timezone.

To do that you can do as following:

  1. Change your pc timezone to UTC+1 (Amsterdam, Rome, Berlin, etc.).
  2. Open your MT4 platform and look at the Market Watch time.
  3. Subtract Market Watch time from the UTC+1 time and use the value for the parameter GMTforBacktest.

Some examples:

  • If Market Watch time is 10:54 and UTC+1 is 11:54 then GMTforBacktest is equal to -1 because 10:54 - 11:54 = -1
  • If Market Watch time is 12:55 and UTC+1 is 11:55 then GMTforBacktest is equal to 1 because 12:55 - 11:55 = -1
  • Etc.


FAQ

  • Do you trade this system? Yes I do, even though I sometimes stop it because it does not fit in my portfolio. EA experiences drawdowns and they will always do, they cannot be treated as a single and invincible system. The way to be profitable in trading is to have a balanced and diversified portfolio and of course to risk little. All others way are pure gambling.
  • Do you think this system will work in the future? I do not have any clue. What I do know, is that it has been built following very known and solid best practices in May 2019, so you can consider the period from June 2019 onwards as real out of sample. Long story short, it can either work for years or stop working tomorrow, nobody knows the future.
  • Do you have some suggestions overall? Yes, as I said before, the only knows thing in trading is risk, profit is not a given. Whenever you open a position you are risking money, that's it. So be wise with your exposure and try to risk as little as possible, do not get greedy, do not think you can be rich in two months. And by the way, be wise in choosing your broker, tight spreads and low commissions are always beneficial, these are hidden costs that you can control.







































































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Promoción de lanzamiento: Número limitado de copias disponibles al precio actual Precio final: 990$ NUEVO: ¡obtenga 1 EA gratis!   (para 2 cuentas comerciales) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files ¡Bienvenido a DayTrade Pro Algo!   Después de años de estudiar los mercados y programar distintas estrategias, he encontrado un algoritmo que tiene todo lo que necesita un buen sistema de trading: Es
ONLY 3 COPIES OUT OF 10 LEFT AT $199! After that, the price will be raised to $299. (*) IMPORTANT NOTE: To be able to back test the EA or install the EA correctly to be able to trade normally. You will need to allow EA access to the GPT API in addition to installing other news-related websites. For details, please contact me to receive specific installation instructions. Gold Quantum AI is an EA that I have used for a long time, specializing in the fund accounts I manage for clients. The EA is
The S9M Trading Robot – a cutting-edge, fully automated 2nd generation InrexEA DB system by OpenEA. This innovative solution learns from XAUUSD market trends and incorporates the best aspects of the retired Ea YOLO Diamond Hands. Structure of InrexEA Database: Clients > InrexEA DB > OpenAI > InrexEA DB analysis > Clients  InrexEA DB is a cutting-edge database solution primarily built using the powerful Python programming language. It goes beyond the limitations of MQL4 and MQL5 codes to provide
Live signal :   TrendMaster FX The MT5 version : TrendMaster FX MT5   Actualmente tenemos una promoción de prueba para nuestro EA. Después de la compra, contáctenos para obtener acceso a "Gold Garden" o "AI TradingVision GPX". Para más detalles, por favor contáctenos. Pares de divisas recomendados: GBP/USD (GBPUSD) USD/CAD (USDCAD) EUR/USD (EURUSD) Configuración de riesgo: Para los comerciantes agresivos, el riesgo máximo está configurado en 0.15. Para los comerciantes más conservadores, especi
¡Promoción de lanzamiento! ¡Quedan solo algunas copias al precio actual! Próximo precio: 1533 $ Precio final: 1993$ Live signal:  https://www.mql5.com/en/signals/2220893?source=Site+Profile+Seller MT5:   https://www.mql5.com/en/market/product/107337?source=Site+Profile+Seller For more top Expert Advisors and Indicators, visit:   https://www.mql5.com/en/users/lothimailoan/seller I am Los, please subscribe to receive more updates:   https://www.mql5.com/en/users/lothimailoan/news US30 Scalper
Boring Pips MT4
Thi Thu Ha Hoang
5 (12)
¿Alguna vez te has preguntado por qué la mayoría de los asesores expertos no son efectivos en el trading en vivo, a pesar de su perfecto rendimiento en las pruebas retrospectivas? La respuesta más probable es el sobreajuste. Muchos EAs se crean para 'aprender' y adaptarse perfectamente a los datos históricos disponibles, pero fallan en predecir el futuro debido a la falta de generalización en el modelo construido. Algunos desarrolladores simplemente desconocen la existencia del sobreajuste, o l
Btcusd Grid
Ahmad Aan Isnain Shofwan
BTCUSD GRID EA es un programa automatizado diseñado para utilizar la estrategia de comercio en red BTCUSD GRID EA es muy útil tanto para principiantes como para operadores experimentados.   Si bien existen otros tipos de robots comerciales que puede utilizar, la naturaleza lógica de la estrategia de comercio en red facilita que los robots de comercio en red de criptomonedas realicen operaciones automatizadas sin problemas.   BTCUSD GRID EA es, en general, la mejor plataforma para usar si desea
Este EA fue una vez nuestro EA premium de uso interno, ahora disponible para todos después de mejoras adaptativas. Utiliza patrones estables de zonas horarias, genera órdenes casi a diario con una tasa de éxito muy alta y es particularmente adecuado para clientes con menor capital. Las pruebas retrospectivas utilizando el modo "Cada tick basado en ticks reales" de MT5 arrojan resultados muy similares al trading en vivo, sin ajustes y mostrando estabilidad a largo plazo, lo que indica una estrat
TopBottomEA
lizhi fu
4.67 (48)
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
GRain EA MT4
Roman Erokhin
4.5 (6)
Good afternoon. My name is Roman, I am the creator of Gold Rain EA. I have been preparing for its realization for a long time, went through a lot of tests and now I finished the product and went on sale with a live good signal. My motto is to use only live signals, I do not release products without history or lack of real accounts. Now you have the opportunity to try Gold Rain EA in your hands. I will help every client to customize and install EA, from beginner to pro. Tired of complicated EA mo
Dark Algo
Marco Solito
4.75 (52)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market trends .
FT Gold Robot MT4
Marzena Maria Szmit
4.4 (35)
Introducing the FT Gold Robot MT4, your ultimate companion in navigating the intricate world of XAUUSD trading. Developed with precision and powered by cutting-edge algorithms, FT Gold is a forex robot meticulously crafted to optimize your trading performance with   XAUUSD pairs . With its advanced analytical capabilities,   FT Gold Robot   constantly monitors the gold market, identifying key trends, patterns, and price movements with lightning speed. The FT Gold Robot opens 5 positions every da
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