PrizmaL Pro | Manual Guide – Analytics & Forecasts – 9 May 2024


Manual Guide


Useful information:

PrizmaL Pro is a trend-following strategy that utilizes indicators to identify and capitalize on market trends. The strategy utilizes only buy trades, prioritizes short-term positions, aiming to capture quick movements and minimize exposure to market fluctuations.

The strategy was specifically designed and fine-tuned exclusively for the trading symbol EURGBP. Optimal outcomes are achieved with Raw Spread or ECN account types.

Every trade comes with a virtual set of take profit and stop loss with different parameters for each individual strategy.

The robot has a built-in spread limit of 50 points for entry and exit orders.

The majority of trading occurs between 18:00 and 08:00 (GMT+2).

I’d like to mention that historical data quality varies among brokers, and there’s a chance of incorrect time zone settings. For a more comprehensive and detailed examination, I recommend conducting tests on the MetaQuotes server.

PrizmaL Pro is not available for rent, only for purchase at a set price.

PrizmaL Pro is only available on the MetaTrader 5 terminal. There will not be a version developed for MetaTrader 4.

Upon acquiring the robot, please share your account details with me so that I can determine and configure the suitable settings for you.

1. Broker name
2. Initial deposit
3. Account currency
4. Leverage

On the signal account I typically maintain a risk level of [4] Medium, but occasionally I adjust it either one level lower or higher. Nevertheless, I advise against opting for a high-risk setting when assessing the broker’s suitability.

I mainly specialize in developing algorithms and I don’t engage in the active management of trading accounts. Offering a robot for sale enables me to concentrate on my core strength, which is the development of impactful trading algorithms. The demand for a trading robot can be high, and selling it allows me to scale my business by reaching a larger audience. In addition, I want to have multiple sources of income. Selling the robot could be a way to diversify my income streams.

I am an Israeli citizen and under Israeli law I am not permitted to open accounts or conduct trading activities with brokers under European regulation.

My broker is: FXPN.by
Leverate Capital Markets LLC trading under fxpn.by, is authorised and regulated by the National Bank of Belarus.



Settings:

Strategy Management
This function enables the activation and deactivation of your chosen strategies. It is not recommended to implement all strategies simultaneously, as not every broker may be equipped to manage a substantial number of concurrent open transactions. Also this could pose risks related to account leverage.

Money Management
Effective capital management requires ongoing monitoring, regular reassessment, and adjustments to ensure your investments remain aligned with your long-term financial objectives. You have access to eight different risk levels to help you tailor your investment strategy. Apart from managing risks, you have the option to establish a drawdown limit as a percentage of your account balance. Upon reaching the designated drawdown, all open orders will be closed.

To facilitate currency exchange for accounts with JPY deposits, it’s important to specify the correct currency symbol in you settings of EA. To do so, enter the appropriate pair, USDJPY, in the EA settings labeled “Exchange Rate Symbol for ‘JPY’ Deposit.”

News Filter (Avoid unfavorable trades)
Allows the Expert Advisor to avoid unfavorable trades during periods of high market volatility. By setting a threshold, the EA will refrain from executing trades when the market experiences excessive price fluctuations, reducing the risk of unexpected losses. A news filter are not entirely prevent the initiation of new trades, instead, it becomes more vigilant in observing the market to prevent the initiation or closure of trades with price slippage. It aims to steer clear of unwarranted entries or exits from the market by exercising increased scrutiny. The news filter utilizes the Economic calendar integrated into the terminal, eliminating the need for external third-party services. The news filter doesn’t function during testing in the Strategy Tester.

Time Settings
Configuring the time zone enables adjustment of the operational mode based on the broker’s time. In general, there’s usually no need to modify this setting as the majority of brokers follow a consistent time zone Greenwich Mean Time (GMT) + 2 in winter time. No adjustments to these settings are necessary when Daylight Saving Time (DST) is in effect.

Avoid Christmas trading
Strategic Trading Pause: Safeguard your portfolio by activating the “Avoid Christmas trading” setting, during the Christmas trading period from December 15 to January 15. This precautionary measure helps mitigate the heightened unpredictability of the market during this timeframe, reducing the risk of unexpected fluctuations.

Please feel free to contact me for support at any time.
I am here to help you and ensure that your experience with me is seamless and positive.

Wish you success in your trading.


Warning: No Guarantees Disclaimer
Please be aware that past performance, achievements, or results do not serve as indicative indicators of what may transpire in the future. External circumstances, market conditions, and other unforeseen variables can significantly impact outcomes and I cannot provide any assurances.



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