PrizmaL Pro EA MT5 V10.512 & SetFiles

Introduction PrizmaL Pro EA MT5

PrizmaL Pro EA MT5 is one of the leading Expert Advisors designed for the MetaTrader 5 platform, renowned for its efficient trading capabilities and profit optimization. With outstanding 18-year backtest results, PrizmaL Pro EA MT5 has proven its value in the volatile Forex market.

PrizmaL Pro EA developed by Vladimir Lekhovitser is experienced professionals in the field of automated trading. This product once secured the second position in the Automated Trading Championship in 2008, with an impressive profit of 1570% over three months. Through years of research and optimization, PrizmaL Pro EA MT5 has become one of the most reliable EAs in the market.

Official website: https://www.mql5.com/en/market/product/113323

PrizmaL Pro EA 2008 Automated Trading Championship

Technical Specifications

PrizmaL Pro EA MT5 is equipped with superior technical features, making it an indispensable tool for Forex traders:

Key Features of the PrizmaL Pro EA MT5

• High Adaptability: PrizmaL Pro EA MT5 is designed to adapt to changing market conditions, ensuring stable and reliable performance.
• 19 Trading Strategies: Users can choose from 19 strategies to suit their trading style.
• Risk Management: 8 risk levels allow users to adjust the risk according to their risk appetite.
• News Filter: Avoids trading during significant news events, reducing unwanted risks.
• Holiday Trading Block: Automatically stops trading during holidays to avoid unpredictable market fluctuations.

Applications of the PrizmaL Pro EA

PrizmaL Pro EA MT5 is a versatile tool with applications that extend beyond simply automating trades. Here’s how different types of traders can benefit:

• Novice Traders: For those new to Forex trading, PrizmaL Pro EA MT5 provides a structured and disciplined approach. It eliminates the need for extensive market knowledge and emotional decision-making, allowing beginners to participate in the market with a pre-defined strategy and robust risk management. The EA handles the complexities of order execution, position sizing, and trade management, freeing up the novice trader to focus on learning the fundamentals of Forex.
• Experienced Traders: Seasoned traders can leverage PrizmaL Pro EA MT5 to enhance their existing strategies or to diversify their trading portfolio. The EA can be used to automate repetitive tasks, freeing up time for more in-depth market analysis or other pursuits. The customizable parameters allow experienced traders to fine-tune the EA to their specific preferences, creating a bespoke trading system. It can also serve as a valuable tool for backtesting new strategies and ideas.
• Busy Professionals: Individuals with demanding jobs or limited time can benefit from PrizmaL Pro EA MT5’s automated nature. The EA operates 24/7, allowing them to participate in the Forex market without constantly monitoring charts. This “set-and-forget” approach (with appropriate risk management, of course) can be a valuable addition to a diversified investment portfolio.
• Diversification of Trading Strategies: Even experienced traders who are successful with manual trading can benefit from incorporating PrizmaL Pro EA MT5 into their overall strategy. It provides diversification, reducing reliance on a single trading approach. This can help to smooth out returns and reduce overall portfolio risk.
• Emotional Trading Mitigation: One of the biggest challenges in Forex trading is managing emotions. Fear and greed can often lead to poor decision-making and significant losses. PrizmaL Pro EA MT5 eliminates emotional trading by executing trades based on pre-defined rules and algorithms. This ensures a consistent and disciplined approach, regardless of market fluctuations.
• Backtesting and Strategy Development: PrizmaL Pro EA MT5’s extensive backtesting capabilities are not just for evaluating the EA itself. Experienced traders can use the backtesting engine to test their own custom strategies and indicators, gaining valuable insights into their potential performance.

Download, Installation and Usage Guide

Package Content:

• Expert (DLL): PrizmaL Pro 10.512.ex5 (for build 4731+)
• Setfiles: PrizmaL_Pro_set (IC market Raw Spread) and PrizmaL_Pro_set (IC market Standard): PrizmaL_Pro_001.set, PrizmaL_Pro_002.set, PrizmaL_Pro_003.set, PrizmaL_Pro_004.set, PrizmaL_Pro_005.set
• Guide: PrizmaL Pro.pdf

Algofxbot.com is committed to making PrizmaL Pro EA MT5 accessible and easy to use. This step-by-step guide will walk you through the installation and setup process:

Step 1: Purchase and Download

1. Visit the Algofxbot.com website.
2. Navigate to the PrizmaL Pro EA MT5 product page.
3. Click the “Buy Now” or “Add to Cart” button.
4. Complete the checkout process, providing the necessary information and payment details.
5. Upon successful payment, you will receive a download link for the PrizmaL Pro EA MT5 file

Note: Because this EA unlocked using custom DLL, you need turn off antivirus to download this product.

Step 2: Install MetaTrader 5 (MT5)

1. If you don’t already have MT5 installed, download it from your Forex broker’s website or directly from the MetaQuotes website.
2. Install MT5 on your computer, following the on-screen instructions.

Step 3: Install PrizmaL Pro EA MT5 in MT5

1. Copy all DLL files to root MT5 folder.
2. Start MT5 terminal with new luncher.
3. Click on “File” in the top menu, then select “Open Data Folder.”
4. This will open a Windows Explorer window. Navigate to the “MQL5” folder, then the “Experts” folder.
5. Copy the PrizmaL Pro EA MT5 .ex5 file that you downloaded into the “Experts” folder.
6. Close the “Experts” folder and restart MetaTrader 5.

Step 4: Activate PrizmaL Pro EA MT5

1. In MT5, open the “Navigator” window (usually on the left side of the screen).
2. Expand the “Expert Advisors” section. You should see “PrizmaL Pro EA MT5” listed.
3. Drag and drop “PrizmaL Pro EA MT5” onto a chart of the currency pair you want to trade (e.g., EURGBP).
4. A settings window will pop up. Here, you can customize the EA’s parameters (more on this below).
5. On the “Common” tab, make sure “Allow automated trading” is checked.
6. On the “Inputs” tab, enter your license key in the appropriate field.
7. Click “OK” to activate the EA.

Step 5: Configure PrizmaL Pro EA MT5 Settings

The “Inputs” tab of the settings window allows you to customize PrizmaL Pro EA MT5 to your preferences. Here are some of the key settings:

• Lot Sizing: Choose between fixed lot sizing, dynamic lot sizing (based on account balance and risk percentage), or other money management methods.
• Stop Loss (SL): Set the stop-loss level in pips.
• Take Profit (TP): Set the take-profit level in pips.
• Trailing Stop: Enable and configure the trailing stop to lock in profits.
• Max Drawdown: Set the maximum drawdown percentage you are willing to tolerate.
• News Filter: Enable and configure the news filter to avoid trading during high-impact news events.
• Trading Hours: Specify the hours during which the EA should be active.
• Magic Number: A unique identifier for the EA’s trades. This is important if you are running multiple EAs on the same MT5 account.

Important Considerations:

• Backtesting: Before using PrizmaL Pro EA MT5 on a live account, thoroughly backtest it on historical data. MT5 has a built-in strategy tester that allows you to do this.
• Demo Account: After backtesting, run the EA on a demo account for several weeks to ensure it is performing as expected in real-time market conditions.
• VPS: For optimal performance and 24/7 operation, use a Virtual Private Server (VPS).
• Risk Management: Never risk more than you can afford to lose. Use appropriate risk management settings, regardless of how confident you are in the EA.
• Start with a small amout: Even though you already have the recommended minimum deposit of $500, start with a smaller amount first.

Step 6: Monitoring and Optimization

Once PrizmaL Pro EA MT5 is running, it’s important to monitor its performance regularly. You can use MT5’s built-in monitoring tools to track open trades, profit/loss, and other metrics. Periodically review the EA’s performance and adjust the settings as needed to optimize its results.

This detailed guide ensures that even users with limited technical experience can successfully install and use PrizmaL Pro EA MT5. The emphasis on backtesting, demo account usage, and VPS utilization reinforces responsible trading practices.

Why You Should Buy from Algofxbot

When purchasing PrizmaL Pro EA MT5 from Algofxbot, you will benefit from:

• Professional Customer Support: The support team is always ready to assist you in setting up and using the product.
• Competitive Pricing: Algofxbot offers competitive pricing compared to the market.
• Regular Updates: Our lifetime free updates ensure that you always have access to the latest version and features.
• Proven Track Record: PrizmaL Pro EA MT5 comes with extensive backtesting data, demonstrating its consistent performance across various market conditions. Our results are transparent and verifiable.
• Ethical and Transparent Practices: We believe in honesty and transparency. We don’t make unrealistic claims or promises. We provide realistic expectations and encourage responsible trading.
• Secure and Reliable: Your account security is vital. PrizmaL Pro’s code is encrypted and it is highly secure

If you are looking for a reliable and efficient automated trading tool, PrizmaL Pro EA MT5 is the perfect choice. Explore this product further and start your successful trading journey today.

To learn more about Forex Robots, Forex EAs, and other trading tools, visit Algofxbot’s website. We provide a range of automated trading solutions to help you optimize your trading strategy.