63.21 % 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. 63.21 % 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.

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 both MetaTrader4 (MT4) 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.

 

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.

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.
 

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

 

Do you need advice on running
the Purple indicators?

Contact us at info@purple-trading.com

 
63.21 % 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. 63.21 % 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.