63.50 % of retail investors lose their capital when trading CFDs with this provider.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.50 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Tools Indicators How to install & launch MacOS tutorial

How to install and launch Purple indicators on OS X (Mac) devices

As a part of a Purple exclusive tools suitable for tackling down the technical analysis, Purple indicators are chosen by increasing the number of our clients. If you want to know why you now have the opportunity to try them for free both on our demo and live accounts. This tutorial will show you how.
 

For Windows OS, the indicators are available for MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader platforms.

For the MT4 platform, simply follow the instructions below. To run on the MetaTrader4 platform, use the MT4_PurpleBands_indicator.ex4 file.

For the cTrader platform, the procedure is similar. To install the indicator, simply double-click on the indicator file and the indicator will automatically install on your cTrader platform. Use the cTrader_PurpleBands_indicator.algo file.


1. Registration

In case you have not registered with Purple Trading yet, you can do now either for opening a live account or for a demo account. In both cases, the registration is for free.

Open Real Account
 
Open Demo Account

Your capital is at risk.

2. Download the platform

If you’re already registered, but you have not downloaded and installed the MetaTrader 4 platform from Purple Trading yet, use the following link for download here.

Download MT4

3. Login into MT4

After the platform is launched, you’ll be requested (see the image below) to enter login data.


Fields:
Login – enter login, received by e-mail
Password – fill the password you selected during registration
Server – select server, stated in the same e-mail as login

Purple indikátory pro Windows

4. Download Purple indicator

The indicators will be waiting for you in your email inbox, where we will send them to you neatly compressed in a .zip file with installation instructions. But before that happens, you must sign up to receive the indicators by filling in the form.
 

Download
Purple Bands

Download
Purple Strike
Download
Purple Extreme
Download
Purple Levels
Download
Purple Magnets

5. Open the folder "Downloads"
 

6. Un-zip 

File with indicators can be found in a .zip format. It’s necessary to unzip it by a double-click. The file should have an .ex4 ending.

7. Open the MT4 platform

In the MT4, click at the top left side to the “File” tab and choose the option “Open Data Folder”
 

8. Find the indicator file

In MT4, find the path through the “Open Data Folder”, then use the following path: this computer > Z folder > users > your name > downloads > ex4file > click by right mouse button and copy.
 

9. Move upwards

Now, use the arrow to move upwards to “This PC”. 

 

10. Find the folder "Indicators"

Find the “Indicators” folder for MT4: go to This computer > C: > Program files –>Purple Trading MT4 > MQL4 > Indicators > insert.
 

11. Insert indicator

In the indicators folder, use the right mouse button and insert indicator.

12. Restart MT4

Afterwards, you can find the indicator in the Navigator window.

 

 

13. Draw the indicator

Indicator will be drawn by moving the indicator to the chart window and by pressing “OK” 

 

 

14. Indicator customization options

Each of the individual indicators can be customized. For example by setting notifications, periods, or customizing of displayed colours according to your preferences. 



And that’s it, indicators are ready to use now.

You can download this tutorial

Download PDF

 

Do you need advice on running
the Purple indicators?

Contact us at info@purple-trading.com

 
63.50 % of retail investors lose their capital when trading CFDs with this provider.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.50 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63.50 % of retail investors lose their capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute investment advice. L.F. Investment Limited. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. L.F. Investment Limited has taken reasonable measures to ensure the accuracy of the information on the website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage which may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website.

At this time L.F. Investment Limited cannot and will not accept clients from outside European Economic Area and from Belgium, Switzerland and USA. You need to be 18 years old or legal age as determined by the laws of the country where you live in order to become our client.

Our payment providers are TrustPay, a.s. authorised and regulated by the National Bank of Slovakia and Emerchantpay Ltd. which is authorised and regulated by the Financial Services Authority (FCA) of the United Kingdom. Our Electronic Money Institution is Unlimit EU Ltd., formerly "Unlimint EU Ltd." and previously "CardPay Limited", (Commercial names: "UNLIMIT") which is authorized by Central Bank of Cyprus.

Purple Trading is a Cypriot national trademark (no. 85981), National UK trade mark (no. UK00003696619) and European Union trade mark (no. 018332329) owned and operated by L.F. Investment Limited, 11, Louki Akrita, CY-4044 Limassol, Cyprus, a licensed Cyprus Investment Firm regulated by the CySEC lic. no. 271/15. The company is legally obligated to follow all laws of Cyprus and rules and conditions of its CySEC license. The subsidiary of L.F. Investment Ltd, LFA International Ltd., Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus, registration number: HE422638 is responsible for card processing.

CFDs with underlying asset a virtual currency pair are complex, extremely risky, and usually highly speculative and entail a high risk of losing all the invested capital and therefore are not appropriate for all investors. The values of virtual currencies values are subject to extreme price volatility and therefore may result in significant loss over a short period of time. Clients should not engage in trading in CFDs with underlying asset a virtual currency pair unless they have the necessary knowledge in this specific product; or if they can bear the loss of the entire invested amount. For more details please see the Risk Warnings and Disclosures.


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