PrizmaL Pro EA MT4 (Update 11/09) – Free Download

PrizmaL Pro EA Introduction:

In the fast-paced world of forex trading, having the right tools at your disposal can make all the difference. One such tool gaining popularity is the PrizmaL Pro EA, an expert advisor designed to optimize trading strategies and maximize profits. In this comprehensive guide, we'll delve into the functionalities, benefits, parameters, and potential drawbacks of this powerful tool.

Understanding PrizmaL Pro EA:

PrizmaL Pro EA stands out in the forex market as a non-indicative flexible grid adviser with special entry points, offering traders a statistical advantage. This advantage is derived from meticulous mathematical modeling of market patterns, providing insights into optimal trading opportunities.

Technical Specifications

Version: 5.01
Year of issue: 2024
Working pairs: GBPUSD, USDJPY, EURUSD, EURJPY, USDCAD, USDCHF, AUDUSD
Recommended timeframe:  M1, M5, M15, H1
Minimum Deposit: $1000
Average of account: 1:30 To 1:1000

Best Brokers List

PrizmaL Pro EA works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

PrizmaL Pro EA Settings

Base settings

• New_Cycle – enable/disable opening order series in cycles
• MAGIC – magic number, should be changed if the EA is used on multiple currency pairs on the same account
• Slippage - Forex price slippage, the default value is 3. Do not change the value unless you know what you are doing
• Max_Trades - the maximum number of orders opened in a series (Max 17)
• Max_Lot - the maximum lot size

See also  Dylan Wave | Forex | Timing Service | High Profits

TP settings

• TP Buy - Take profit level in points for closing Buy positions
• TP Sell - Take profit level in points for closing Sell positions
• Trailing_Start – level in points to activate Trailing
• Trailing_Size – the number of points for trailing the Trailing_Start level or for closing

Risk Reduction System

• RRS – enable/disable the Risk Reduction System
• RRS_oOrder – number of an order in a series to activate the Risk Reduction System
• RRS_cOrder – number of an order in a series to deactivate the Risk Reduction System
• RRS_TP – Take profit in points for closing orders corresponding to the Risk Reduction System
• RRS_Trailing_Start – level in points to activate Trailing for orders of the Risk Reduction System
• RRS_Trailing_Size – the number of points for trailing the RRS_Trailing_Start level of the Risk Reduction System
• RRS_Profit_Percent – tool for exiting a prolonged drawdown (70-90% recommended)

Buy and Sell settings

• Step_Buy(Sell) – step for opening a new order in a series in points
• Step_Coef_Buy(Sell) – increase coefficient of the step for opening subsequent orders
• Step_Coef_Start_Order_Buy(Sell) – number of the order to activate Step_Coef_Buy(Sell)
• Step_Mass_Buy(Sell) – the default step for opening orders (in points), if Step_Coef_Buy(Sell) is equal to 0
• Min_Lot_Buy(Sell) – the minimum lot size of the first order
• Lot_Exp_Buy(Sell) - lot increase coefficient of Min_Lot_Sell for the subsequent orders

Time filter settings

• Time_Filters - enable/disable working within the specified time intervals

Advantages of PrizmaL Pro EA:

1. Flexible Trading Strategy: PrizmaL Pro EA employs a flexible grid system, allowing traders to adapt their strategies to various market conditions such as "selling short," "scalping," or "trading flat.
2. Automated Trading Process: With the "Time Filter" function, PrizmaL Pro EA enables 100% automation of the trading process, minimizing the need for manual intervention. This feature ensures trades are executed according to preset parameters, optimizing efficiency.
3. Risk Management: The EA does not utilize stop loss; instead, trades are closed by take profit or trailing stop. Additionally, it incorporates a Risk Reduction System, mitigating potential losses during prolonged drawdowns.
4. Versatility: PrizmaL Pro EA supports trading on any instrument and timeframe, providing traders with the flexibility to explore various currency pairs and timeframes.
5. Robust Connectivity: The EA effectively handles connection losses, ensuring uninterrupted trading operations even in unstable network conditions.

Disadvantages of PrizmaL Pro EA:

1. Complexity: Given the myriad of parameters and settings available, PrizmaL Pro EA may be overwhelming for novice traders. Understanding and optimizing these settings require a certain level of expertise.
2. Market Dependency: While PrizmaL Pro EA leverages mathematical models to identify trading opportunities, its effectiveness is still subject to market volatility and unpredictable events.
3. Potential for Losses: Like any trading tool, PrizmaL Pro EA carries inherent risks. Despite risk management features, traders should exercise caution and conduct thorough analysis before deploying the EA.

PrizmaL Pro EA Results

Conclusion:

In conclusion, PrizmaL Pro EA presents a sophisticated yet powerful tool for forex traders seeking to enhance their trading strategies. Its flexible grid system, automated functionalities, and risk management features offer substantial benefits, albeit with certain complexities and risks. By understanding its functionalities and optimizing settings, traders can leverage PrizmaL Pro EA to navigate the dynamic forex market effectively.

Download PrizmaL Pro EA

Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.

With its robust features and customizable settings, PrizmaL Pro EA has the potential to revolutionize your forex trading experience. However, it's crucial to approach its utilization with caution, conducting thorough research and analysis to maximize its benefits while mitigating risks.