Purple Wine

Overview

Purple Wine EA is designed for traders who dislike the long waiting times associated with traditional breakout strategies. Built to trade more frequently, it captures market momentum without requiring complex optimization or deep technical knowledge.

The philosophy behind Purple Wine is simplicity: minimal user inputs, clear risk boundaries, and an automated management system so you can focus on strategy rather than micro-managing trades.

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Key Features

• Active Trading Logic: Captures market momentum more frequently than slow breakout systems.

• Plug-and-Play Simplicity: Pre-configured for immediate use with minimal required settings.

• Flexible TP & SL: Users retain full control to set their own Take Profit and Stop Loss levels according to their risk tolerance.

• Automated Trailing Stop: The EA automatically manages the trailing stop to lock in profits as the market moves in your favor.

• Smart Session Controls: Built-in safeguards including pending order resets and broker day-start filters.

Recommended Settings & Risk Guide

To get the most out of Purple Wine, the following baseline configuration is recommended based on testing:

• Asset: XAUUSD (Gold)

• Timeframe: M5

• Account Type: Raw Spread or Low Spread broker with 2 digits.

• Take Profit (TP): 6,000 Points

• Stop Loss (SL): 500 Points

• Trading Sessions: Disable for Asia and London (trades all sessions, or can be customized to preference).

• Reset Pending Orders: 30 minutes.

• Stop Trading 1st Hour Broker Day: True.

Capital & Lot Sizing (Risk Management)

Capital requirements depend entirely on your personal risk appetite. The following guidelines per 0.01 lot are recommended:

• Conservative (Safe): $1,000 – $1,500 per 0.01 lot

• Moderate (Balanced): $300 – $500 per 0.01 lot (Recommended)

• Aggressive (High Risk): $150 per 0.01 lot (Minimum recommended capital; lower balances are strongly discouraged)

Important Note on Trading Risk

Trading foreign exchange and CFDs carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Always test this Expert Advisor on a Small Cent account before deploying real capital.