Purple Monkey

Purple Monkey EA: Advanced Grid Trading System

Overview:
Purple Monkey EA is a sophisticated grid trading system that has been successfully operating on live accounts for several years. Unlike conventional systems that are tailored to historical data, this EA is engineered to capitalize on existing market inefficiencies. It goes beyond a mere "hit and miss" approach, leveraging real market mechanics to generate consistent profits.

Supported Currency Pairs:

• AUDCAD
• AUDNZD
• NZDCAD

Recommended Timeframe:

• M15

Key Features:

• One Chart Setup: Trade all supported symbols from a single chart.
• Multiple Currency Pairs: Designed to work seamlessly with the specified pairs.
• Proven Performance: Solid backtesting and live trading results.
• No GMT Adjustments Needed: Simplifies setup and usage.
• User -Friendly: Follow three simple instructions to get started.
• Cost-Effective: More affordable than many high-quality alternatives available.

Installation Instructions:

1. Attach the EA to a single M15 chart; AUDCAD is recommended for optimal performance.
2. If your broker uses a suffix (!,e, AUDCAD.a), update the symbol name in the Symbol parameter.
3. Use only the recommended currency pairs. No .set files are required as all settings are internally stored within the EA.
4. Ensure the EA has access to the news list website and time server for accurate news filtering and time detection. Refer to the guide for setup instructions (1:00 to 2:05).

Requirements:

• The EA is robust against spread and slippage but is best used with a reliable ECN broker.
• It should be run continuously on a VPS for optimal performance.
• For accounts with 1:30 leverage, it is advisable to use low-risk settings with a minimum account balance of $2000. For 1:100 leverage, a $1000 account can accommodate up to significant risk settings.

Money Management & Risk Settings:

• Allow Opening a New Grid: Toggle the opening of new grids without affecting existing ones.
• Lot-sizing Method: Choose a method based on desired risk: Fixed Lots, Dynamic Lots, Deposit Load, or predefined presets for automatic risk calculation.
• Fixed Lot: Set the fixed lot size for initial trades.
• Dynamic Lot: Specify balance/equity per 0.01 lot.
• Deposit Load %: Percentage of the deposit allocated for the initial trade.
• Maximum Lot: Set a cap on the trading lot size.
• Maximum Spread: Define the maximum allowable spread in pips.
• Maximum Slippage: Set the maximum slippage for non-ECN accounts.
• Maximum Symbols at a Time: Limit the number of concurrent open symbols.
• Allow Hedging: Enable or disable multi-directional trades on the same symbol.
• Allow Trading on Holidays: Control trading during the Christmas/New Year period.
• Allow to Buy/Sell: Toggle buy/sell trading options.
• Maximum Drawdown Percent: Set a threshold for closing positions based on floating drawdown.

Trading Strategy:

• Symbols: Specify symbols separated by commas (custom if left empty).
• Bollinger Bands Period: Define the period for Bollinger### Purple Monkey EA: Advanced Grid Trading System

Overview:
Purple Monkey EA is a sophisticated grid trading system that has been successfully operating on real accounts for several years. Unlike typical systems that are adjusted to fit historical data, Purple Monkey EA is engineered to capitalize on existing market inefficiencies. This is not merely a "hit or miss" strategy; it leverages genuine market mechanics to generate consistent profits.

Supported Currency Pairs:

• AUDCAD
• AUDNZD
• NZDCAD

Recommended Timeframe:

• M15 (15-minute chart)

Key Features:

• One Chart Setup: Trade all supported currency pairs from a single M15 chart.
• Multiple Currency Pairs: Designed to support various pairs for diversified trading.
• Proven Performance: Solid backtesting and live trading results demonstrate its effectiveness.
• No GMT Adjustments Needed: Simplifies setup and use.
• User -Friendly: Easy to operate with just three lines of instructions.
• Cost-Effective: More affordable than many high-quality alternatives on the market.

Installation Instructions:

1. Attach the EA to only one M15 chart, with AUDCAD recommended.
2. If your broker uses a suffix (e.!., AUDCAD.a), update the Symbol parameter accordingly.
3. Use only the recommended currency pairs; no .set files are necessary as all settings are stored within the EA.
4. Ensure the EA has access to the news list website and time server for optimal functionality. Guide Link (refer to 1:00 - 2:05).

Requirements:

• The EA is not sensitive to spread and slippage; however, using a reputable ECN broker is advised.
• It should be run continuously on a VPS.
• With a leverage of 1:30, it is recommended to use low-risk settings on accounts less than $6000 to avoid margin issues. For 1:100 leverage, higher risk settings can be employed on a $1000 account.

Money Management & Risk Settings:

• Allow Opening a New Grid: Toggle to enable or disable new grid openings without affecting existing grids.
• Lot-Sizing Method: Choose from fixed, dynamic, or deposit load methods based on your risk preference.
• Fixed Lot: Set a fixed trading lot for the initial trade.
• Dynamic Lot: Define balance/equity to be used per 0.01 lot.
• Deposit Load %: Percentage of the deposit allocated for the initial trade.
• Maximum Lot: Specify the maximum allowed trading lot.
• Maximum Spread (pips): Set the maximum allowable spread.
• Maximum Slippage (pips): Define the maximum slippage for non-ECN accounts.
• Maximum Symbols at a Time: Limit the number of symbols that can be traded simultaneously.
• Allow Hedging: Enable multi-directional trades on the same symbol.
• Allow Trading on Holidays: Toggle Christmas/New Year trading filters.
• Allow to Buy/Sell: Enable or disable buy/sell trading.
• Maximum Drawdown Percent: Set a threshold for closing open positions based on floating drawdown.

Trading Strategy:

• Symbols: Specify custom symbols separated by commas.
• Bollinger Bands Period: Define the period for Bollinger Bands used for upper/lower level calculations.
• RSI Period: Set the period for RSI used to filter trades with minimal potential.
• Maximum RSI Value: Establish the maximum RSI value for the filter.
• Take Profit for Initial Trade (pips): Set the take profit for the initial trade.
• Take Profit for Grid (pips): Define the take profit for grid trades; if set to zero, it will be weighted based on the initial order's monetary value.
• Stop Loss for Grid (pips): Set the stop loss for initial/grid trades; defaults to 1000 pips if zero.
• Hide Stop Loss: Toggle the visibility of the stop loss.

Grid Settings:

• Trade Distance (pips): Minimum step in pips between grid trades.
• Smart Distance: Automatically adjusts trade distance based on market volatility.
• Trade Multipliers: Define multipliers for subsequent trades (2nd to 6th and beyond).
• Maximum Trades: Set the maximum number of grid trades allowed.

Join the Trading Community:
Experience the benefits of the Purple Monkey EA and join our trading community. For more details, visit our signal page: Purple Monkey EA Signals.