If you read the directions on the bottle(I'm sure you did) they state that you should rinse with cold water after leaving the Perma Blue on for @30 sec. That is supposed to "cure/neutralize" it. You do have to wipe/ spray oil on it afterward to prevent rust. I found that you can only put so many "coats" of Perma Blue on before it starts removing your work. I think about 4 or 5 seems to get the darkest bluing.
You need to remember that this is Cold bluing, thus, it is not permanent. I have not had it turn to a plum/bronze color before. It could be the type of metal. Does the bottle say "Plum"? They do sell that type. Wiping/spraying oil on it will remove some of your work, and could be the cause of the plum coloring. Maybe try a different type of oil. Cold bluing is really for small areas, not for rebluing entire guns, but I have done it before. Just don't expect it to stay that dark blue for long. Most of the time enough remains to give a well used, but cared for look. One of my revolvers has some slight holster wear on several of its sharp edges and on the end of the barrel. I can put cold blue on these areas each time I clean the gun, but each time I carry it in a holster it will wear away. Good luck