Prisma Pro | Manual Guide – Analysis and Forecasting – March 7, 2024
The beta version is in the process of incorporating regular updates and additional content.
Useful information:
PrizmaL Pro is a trend-following strategy that uses indicators to identify and exploit market trends. The strategy utilizes only buy trades, prioritizes short-term positions, and aims to capture quick movements and minimize exposure to market fluctuations.
This strategy has been specifically designed and fine-tuned for the trading symbol EURGBP only. Optimal results will be achieved by using Raw Spread or ECN account types.
Every trade comes with a set of hypothetical take profits and stop losses using different parameters for each individual strategy.
The robot has a built-in spread limit of 50 points for entry and exit orders.
I would like to point out that historical data quality varies from broker to broker and there is a possibility of incorrect time zone settings. For a more comprehensive and detailed investigation, we recommend testing on the MetaQuotes server.
PrizmaL Pro cannot be rented and can only be purchased at a set price.
PrizmaL Pro is only available in the MetaTrader 5 terminal. There is no version developed for MetaTrader 4.
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After purchasing your robot, please share your account details with me so I can determine and configure the settings that are right for you.
1. Broker name
2. Initial deposit
3. Account currency
4. Leverage
Implementing all strategies simultaneously is not recommended as not all brokers are equipped to manage a significant number of simultaneous open transactions. This may also result in risks associated with account leverage.
In a signal account, we typically keep the risk level at (4) medium, but occasionally adjust it one level lower or higher. Nevertheless, when assessing the suitability of a broker, we advise against choosing a high-risk setup.
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I mainly specialize in algorithm development and am not involved in active management of trading accounts. Providing robots for sales allows me to focus on my core competency: developing impactful trading algorithms. Trading robots may be in high demand, and selling them can help you reach a wider audience and expand your business. Plus, I want to have multiple sources of income. Selling robots can be a way to diversify your income stream.
I am an Israeli citizen and under Israeli law I am not permitted to open an account or conduct trading activities with a broker under European regulations.
My broker is FXPN.by.
Leverate Capital Markets LLC, trading as fxpn.by, is authorized and regulated by the National Bank of Belarus.
setting:
strategic management
This feature allows you to activate and deactivate selected strategies.
money management
Effective capital management requires ongoing monitoring, regular reassessment and adjustments to ensure investments are aligned with long-term financial goals. You have access to eight risk levels to help you tailor your investment strategy. In addition to risk management, you have the option to set a withdrawal limit as a percentage of your account balance. Once the specified drawdown is reached, all open orders will be closed.
News filter (prevents unfavorable trading)
Expert advisors can help you avoid unfavorable trades during periods of high market volatility. By setting thresholds, EA refrains from executing trades when the market experiences excessive price fluctuations, thereby reducing the risk of unexpected losses. Rather than completely blocking the start of new trades, the news filter makes the market more alert to prevent the start or end of trades due to falling prices. This aims to prevent unfair entry or exit from the market through more thorough investigation. The news filter utilizes the economic calendar integrated into the terminal, eliminating the need for external third-party services.
time setting
Configuring the time zone allows you to adjust the operating mode according to the broker’s time. In general, most brokers follow a consistent time zone of Greenwich Mean Time (GMT) + 2 during the winter, so there is usually no need to modify this setting. You do not need to adjust these settings when daylight saving time (DST) is in effect.
Avoid Christmas Deals
Strategic Trading Pause: Protect your portfolio during the Christmas trading period from December 15 to January 15 by activating the “Anti-Christmas Trading” setting. These precautions help mitigate the increased unpredictability of the markets during this period and reduce the risk of unexpected fluctuations. .
In the future, we plan to release version updates that include:
1. Fixed lot size
2. Order description editing function
The basic essence of the strategy does not change.
If you need support, please contact us at any time.
I am here to help you and make sure your experience with me is smooth and positive.
We wish you success in your trading.
(If you have recommendations for including additional information in this manual, please send them to me via private message.)
WARNING: NO WARRANTY DISCLAIMER
Please keep in mind that past performance, achievements and results are not an indication of what will happen in the future. External circumstances, market conditions and other unexpected variables may have a significant impact on results, so no guarantees can be given.
