EA bundles
IS Purple EA v1.2 Source Code MQ4
IS Purple EAIS Purple EA OverviewIS Purple EA Myfxbook Trading ResultsIS Purple EA Myfxbook Signal ResultsIS Purple EA Myfxbook ResultsIS Purple EA setting
MT4Major Pairs, XAUUSD (Gold) · M1 (1 minute chart)Updated 17 Dec 2025

IS Purple EA v1.2 Source Code MQ4 with SetFiles (Available)

IS Purple EA is a scalping and grid strategy Expert Advisor, providing flexible risk management, dynamic lot sizes and stable profits on major currency pairs.

Buy now — $195Add to cart
Download link right after paymentLifetime licenceSet files includedFree updates to new versions
Pay with Visa · MastercardUSDT · BTC · ETHBinance Pay
Not sure it fits your broker or account?Ask a question
Check before you buy

Will it work for me?

Trading platform
MetaTrader 4 (MT4)
Time frames
M1 (1 minute chart)
Currency pairs
Major Pairs, XAUUSD (Gold)
Recommended deposit (Min)
$100
Recommended leverage (Min)
1:100 or more
Setup files
Available
Product type
Unlimited
What you get

In the download

COMIS Purple EA Source Code MQ4 by eaforexstore.com
Full review

What is IS Purple EA?

IS Purple EA is an Expert Advisor (EA) designed with a flexible and risk-managed configuration to enhance Forex trading performance. Combining a scalping and grid hybrid strategy, this EA captures small yet frequent profits while ensuring controlled risk levels.

About the Developer

  •  Author: InvestSniper.
  •  Experience: Over +8 years of experience on MQL5.
  •  Notable Products: IS Purple EA, IS Yellow EA, IS Red EA, IS White EA, IS Grey EA, IS Blue EA, IS Green EA and other advisors. 
  •  Flagship Product: IS Purple EA is the best performing product.

>>> Join our Channel Telegram <<<

IS Purple EA setting
IS Purple EA setting

Key Features of IS Purple EA

🔻Scalping & Grid Hybrid Strategy:

  • The scalping strategy focuses on quick gains, while the grid system ensures risk management through position spacing.

🔻Dynamic Lot Sizing:

  • Automatically calculates lot sizes based on account balance and risk settings, allowing for an adaptive trading approach.

🔻Percentage-Based Stop Loss:

  • Each trade is protected with a stop loss (SL) set as a percentage of account equity, ensuring a balanced risk-reward ratio.

🔻Dynamic Trailing Stop:

  • The trailing stop locks in profits as the market moves in the trader’s favor, maximizing gains during favorable price trends.

Additional Features of IS Purple EA

🔻Time-Based Trading:

  • Trading is restricted to specific hours, avoiding low-liquidity periods to enhance trade execution and minimize slippage.

🔻Strategic Grid Spacing:

  • The minimum pip distance between grid trades prevents overtrading and reduces risk of clustering during ranging markets.

🔻Position Duration Control:

  • Ensures positions do not remain open for too long, reducing overnight risk and exposure to volatile conditions.

🔻Unique Trade Identifier:

  • A magic number ensures no conflicts with other expert advisors (EAs) or manual trades on the same account.

Why Use IS Purple EA?

🔻Enhanced Risk Control:

  • The combination of dynamic lot sizing, percentage-based stop losses, and strategic grid spacing makes it an excellent tool for risk-managed trading.

🔻Consistent Performance:

  • Optimized for low drawdowns and steady profits, making it ideal for traders looking for consistent returns over time.

🔻High Adaptability:

  • The EA’s adaptive lot sizing and time-based trading filters ensure it works effectively across different account sizes and market conditions.

🔻Ideal for All Accounts:

  • Its conservative trading approach makes it suitable for both small personal accounts and larger prop firm challenges.

IS Purple EA Performance Review

🟢 GBP/USD Performance (Myfxbook Results)

  • Initial Deposit: $100
  • Total Gain: +742,198.25%
  • Monthly Growth: 15.04%
  • Maximum Drawdown: 1.55%
  • Proven Track Record: Verified live performance on GBP/USD.
IS Purple EA Myfxbook Trading Results

IS Purple EA Myfxbook Trading Results

🟢 XAU/USD Performance (Myfxbook Results)

  • Initial Deposit: $100
  • Total Gain: +1.76M%
  • Monthly Growth: 16.57%
  • Maximum Drawdown: 1.52%
  • Proven Track Record: Verified live performance on XAU/USD (Gold).
IS Purple EA Myfxbook Signal Results

IS Purple EA Myfxbook Signal Results

🟢 EUR/USD & XAU/USD Performance

  • Initial Deposit: $100
  • Total Gain: +335,110.32%
  • Monthly Growth: 13.96%
  • Maximum Drawdown: 0.94%
  • Multiple Pair Verification: Verified results for Gold and EUR/USD pairs.
IS Purple EA Myfxbook Results

IS Purple EA Myfxbook Results

What’s Included in the Download Package?

🟥Source Code MQ4:

  • IS Purple EA.mq4
  • IS Purple EA 1.1.mq4
  • IS Purple EA 1.2.mq4

🟥Experts:

  • IS Purple EA.ex4
  • IS Purple EA 1.1.ex4
  • IS Purple EA 1.2.ex4

🟥Presets:

  • Purple_Gold.set
  • Purple_Major_Pairs.set

>> Join VIP Membership Now <<<

How To Set Up EA

🔻The IS Purple EA is an advanced Expert Advisor (EA) designed for MetaTrader 4 (MT4), aimed at traders who prefer automated trading with adjustable risk management parameters. This EA is optimized for traders looking for consistent returns while controlling exposure through customizable settings.

IS Purple EA setting

IS Purple EA setting

♦️Step 1: Download IS Purple EA 1.2

  • Visit the official website or trusted source to download the IS Purple EA 1.2 file compatible with MetaTrader 4 (MT4).

♦️Step 2: Install the Expert Advisor (EA)

  1. Open MetaTrader 4.
  2. In the File menu, select Open Data Folder.
  3. Navigate to the MQL4 folder, then the Experts folder.
  4. Copy the downloaded IS Purple EA 1.2 file into the Experts folder.

♦️Step 3: Activate the EA

  • Restart MetaTrader 4.
  • Go to the Navigator window (Ctrl+N).
  • Under Expert Advisors, find IS Purple EA 1.2.
  • Drag the EA onto the chart of your desired currency pair.

♦️Step 4: Set Up Key Parameters for Optimal Performance

  • Risk: 0.01 (1% of account balance per trade)
  • UseManualLot: false (EA will calculate lot sizes automatically)
  • Lots: 0.01 (micro lot size for low-risk exposure)
  • StopLossPercent: 10% (automatically closes if loss exceeds 10% of account balance)
  • TakeProfit: 10 pips (target for short-term profit)
  • Trailing Stop: 20 pips (locks in profit once price moves 20 pips in favor)
  • TimeStart: 02:00 & TimeEnd: 23:00 (active trading hours)
  • PipsStep: 26 (ensures significant price movement before placing trades)
  • OpenTime: 10 (10-minute delay before opening new trade)
  • Magic Number: 2023 (unique identifier for trades)

♦️Step 5: Enable Automated Trading

  • Make sure that AutoTrading is enabled in MetaTrader 4 by clicking the AutoTrading button at the top of the platform.

Conclusion

In summary, IS Purple EA stands out as a versatile and risk-managed Expert Advisor, offering a powerful hybrid strategy that combines scalping and grid techniques. With its dynamic lot sizing, percentage-based stop losses, and strategic grid spacing, IS Purple EA ensures a balanced approach to trading while maximizing short-term profits. The inclusion of a dynamic trailing stop, time-based trading filters, and position duration control helps maintain a favorable risk-reward ratio, allowing traders to capture consistent returns with minimized exposure to risk.
This EA is well-suited for both small personal accounts and larger trading setups, providing flexibility with its adaptive features. Its proven performance on major pairs like GBP/USD, EUR/USD, and XAU/USD (Gold) showcases its ability to deliver substantial gains with low drawdowns, as evidenced by verified MyfxBook results. Whether you're a beginner or an experienced trader, IS Purple EA’s conservative yet effective trading approach can fit various trading styles and risk tolerances.

>>> Reviewed by Jason Stap <<<

Questions about IS Purple EA v1.2 Source Code MQ4

1. What is IS Purple EA?

IS Purple EA is an Expert Advisor (EA) designed for MetaTrader 4 (MT4) that combines a scalping and grid hybrid strategy. It focuses on capturing frequent small profits while managing risk through dynamic lot sizing, percentage-based stop losses, and strategic grid spacing. This EA is ideal for traders seeking consistent returns with controlled exposure.

2. How does IS Purple EA manage risk?

IS Purple EA employs multiple risk management techniques. These include dynamic lot sizing, a percentage-based stop loss (which automatically adjusts based on account equity), and a trailing stop to lock in profits. Additionally, it uses grid spacing and position duration control to ensure that trades are spaced appropriately, reducing the risk of large drawdowns.

3. What trading strategy does IS Purple EA use?

IS Purple EA uses a hybrid of scalping and grid strategies. The scalping component seeks to capture quick, short-term profits, while the grid system manages risk by spacing trades at specific pip intervals. This combination allows for high-frequency trading with controlled exposure to market volatility.

4. What are the key features of IS Purple EA?

Scalping & Grid Hybrid Strategy: Combines quick profits with controlled risk. Dynamic Lot Sizing: Adapts to account balance and risk settings. Percentage-Based Stop Loss: Protects trades based on a percentage of the account equity. Dynamic Trailing Stop: Locks in profits as the market moves favorably. Time-Based Trading: Limits trading to hours with optimal liquidity. Strategic Grid Spacing: Ensures that trades are spaced out to avoid overtrading. Unique Trade Identifier: Prevents conflicts with other EAs.

5. What is the performance history of IS Purple EA?

IS Purple EA has shown outstanding performance, verified by MyfxBook. On GBP/USD, the EA achieved a total gain of +742,198.25% with a monthly growth rate of 15.04%. On XAU/USD (Gold), the total gain reached +1.76M% with monthly growth of 16.57%. The EA maintains low drawdowns, with a maximum drawdown of 1.55% on GBP/USD and 1.52% on XAU/USD.

6. How do I set up IS Purple EA on MetaTrader 4 (MT4)?

To set up IS Purple EA, follow these steps: Download the EA file. Install it by placing the file in the MQL4 > Experts folder on MT4. Restart MT4 to load the EA. Drag and drop the EA onto a chart. Configure key parameters, including risk settings, take profit, and stop loss. Enable AutoTrading in MT4 to activate the EA.

7. Can IS Purple EA be used on any currency pair?

Yes, IS Purple EA is optimized for both major pairs like EUR/USD, GBP/USD, and XAU/USD (Gold). You can also use it on other pairs as long as they meet the liquidity criteria specified in the settings. The EA can be adjusted to work across various asset classes by setting the appropriate parameters.

8. Is IS Purple EA suitable for all types of traders?

Yes, IS Purple EA is suitable for a wide range of traders. It is designed with conservative risk management settings, making it ideal for both small personal accounts and larger prop firm challenges. Whether you're a beginner or an experienced trader, the EA's flexible risk controls, adaptive features, and proven performance make it a great choice for different trading styles and risk tolerances.

More in Source Code

Other products traders compare

Royal Hedge Fund EA MQ4
Royal Hedge Fund EA v2.0 Source Code MQ4
Official build
$195instant
FX CORE GOLD EA
FX CORE GOLD V9 Source Code MQ4
Set files
$90instant
One Gold Dream EA
One Gold Dream EA Source Code MQ4
Set files
$150instant
EA Dragon Fire
EA Dragon Fire X.10 Source Code MQ4
Set files
$90instant
$195
Instant download
Buy now