In the world of forex trading, automation has become increasingly popular, offering traders the opportunity to capitalize on market opportunities 24/7 without being tethered to their screens. Prisma Forex Robot, developed by David Jukl, claims to be a reliable and profitable automated trading system. In this comprehensive review, we will analyze the key features, performance, and benefits of Prisma Forex Robot to help you make an informed decision about whether it’s a suitable tool for your trading needs.
About the Developer
Before delving into the specifics of Prisma Forex Robot, it’s important to understand the background of the developer, David Jukl. With 17 years of experience in trading stocks and currency markets, David’s expertise is well-founded. He has also contributed to popularizing stock trading through automated systems and specializes in individual portfolio management using technical analysis and automated decision-making. This experience lends credibility to Prisma Forex Robot.
Exceptional Results
One of the most enticing claims on the Prisma website is the promise of exceptional results. According to their website, clients using the Silver version of Prisma appreciated their funds by 56.5% in 2022, while those using the Gold version saw an astonishing 86.52% appreciation. These figures are certainly attention-grabbing and suggest that Prisma has the potential to deliver substantial returns. However, it is essential to remeber that this is based on histroical data and is by no means any guarantee of future performance.
Furthermore, the developer has kindly provided us with multiple verified myfxbook accounts that show us the latest Prisma Forex Robot results. This is an ideal way to see how the expert advisor has been performing in recent market conditions. Please feel free to see the myfxbook charts below and click them for more detailed statistics. The results look very good at the moment of me writing this review, with some of the account running for a few years now. It would be great if the developer could also add some backtests of the Prisma Forex Robot so we can get an idea of how it may have performed over many years of different market conditions. That being said, the developer is always working on developing and improving the Forex Prisma EA to make sure that it stays relevant in todays markets.
Premium English Support
Customer support is crucial in the world of forex robots, especially for beginners. Prisma Forex Robot offers premium English support, with a team of experts ready to assist you technically and strategically. They even offer their Forex Virtual Private Server (VPS) if you don’t have one, ensuring that you have all the tools and guidance needed to succeed. Regular consultations are part of the package, helping you optimize your robot setup for maximum efficiency.
40-Day Trial
Prisma’s commitment to customer satisfaction is evident in its offer of a 40-day trial period. This allows you to test the system, see how it works, and evaluate its performance before making a financial commitment. This is a great way to get used to how the forex prisma expert advisor works and shows that the developer is very confident in how well it will perform. You can always test on a demo account and consider upgrading to the full version if you are satisfied with how the prisma robot performs.
Getting Started with Prisma
To get started with Prisma Forex Robot, you’ll need a trading account with RoboForex or Robot Markets, their recommended forex brokers. I know these brokers and they have been in the industry for many years now, providing low spreads and reliable execution speeds with very competitive commission fees. They suggest a minimum deposit of $2,000 for stable results, but for larger sums, they recommend different account types. Of course, you should only trade with what you can afford and feel comfortable with, never risk more than you can afford to lose. These are just general guides from the developer and not set in stone. I would always run any forex robot on a demo account to begin with to make sure it fits in with my trading style. Once you’ve funded your account, Prisma will provide you with a free license for the first 40 days along with detailed setup instructions. If you’re not comfortable with setting it up yourself, their technical support is available to assist. They are very quick and helpful based on my interactions with them.
Why Trade with a Forex Robot?
Prisma Forex Robot highlights several advantages of using an automated trading system:
- Automatic Trading with Full English Support: Their support team is ready to assist newcomers and experienced traders, making the transition to automated trading smoother.
- Testing the Rules: Prisma operates based on intelligently set rules, and historical data can be used to backtest results and various settings, giving traders confidence in their strategies.
- Consistent Approach: Automation eliminates human errors and emotional responses, ensuring that the system adheres to the predefined trading strategy with precision.
- Transaction Speed: Prisma’s ability to execute orders swiftly is crucial in fast-moving markets, ensuring that trades are entered and exited according to the unique trading algorithm.
- Trade Diversification: The robot can analyze vast amounts of data across different markets, allowing for diversification and risk mitigation.
- Reliable Hardware: Prisma runs on Windows-based systems, and they offer VPS services for those who want to eliminate concerns like uptime, hardware maintenance, and software updates.
Pricing Plans
Prisma Forex Robot offers three pricing plans:
Basic Plan (400 EUR)
- 1 currency pair
- 1 trading account
- 5 years of updates
- RoboMarkets or RoboForex broker
- 1-year VPS service
- VIP Installation free
- Maximum deposit of 10,000 USD
Silver Plan (1400 EUR)
- 4 currency pairs
- 2 trading accounts
- Lifetime updates
- RoboMarkets or RoboForex broker
- 2-year VPS service
- VIP Installation free
- Maximum deposit of 45,000 USD
Gold Plan (3300 EUR)
- Unlimited currency pairs
- 4 trading accounts
- Lifetime updates
- RoboMarkets or RoboForex broker
- 2-year VPS service
- VIP Installation free
- VIP support from the author
These pricing plans cater to traders with varying levels of experience and capital, providing flexibility in choosing the one that suits their needs best.
What You Get by Buying
When you purchase Prisma Forex Robot, you receive several benefits:
- Support in English: The team’s extensive experience ensures that you’ll receive prompt and effective support whenever needed.
- 30-Day Money-Back Guarantee: The 30-day money-back guarantee demonstrates their confidence in the product’s performance. If you’re not satisfied, you can request a refund within this period.
- Installation Assistance: Prisma offers assistance in setting up the robot on your PC. Alternatively, you can opt for their VPS service for worry-free 24/7 trading.
- Regular Updates: Staying updated with market conditions is essential, and Prisma offers free regular updates to ensure your robot remains effective.
How Prisma Forex Robot Works
Prisma Forex Robot is designed to automate your trading activities based on pre-programmed rules. It operates on the MetaTrader 4 platform and actively trades in the forex market, primarily focusing on major currency pairs such as the euro, US dollar, Canadian dollar, Australian dollar, and Swiss franc. The system continuously evaluates these trades, executing them based on a predefined logic with the aim of generating consistent profits.
The Role of VPS
To ensure that Prisma operates smoothly, a Windows-based computer is required. However, if you don’t have access to one or face challenges like unreliable internet connections, you can use their Virtual Private Server (VPS). This service allows you to connect remotely from various devices, including Android and Apple devices, ensuring uninterrupted trading without worrying about the technical aspects.
With VPS, you avoid concerns such as running your computer 24/7, high electricity bills, and the need for constant computer configuration and updates. Prisma’s VPS service simplifies the process, making it accessible to traders with varying levels of technical expertise.
Conclusion
Prisma Forex Robot offers an intriguing solution for traders looking to automate their forex trading activities. With an experienced developer behind it, the system claims to provide exceptional results and substantial annual yields. The availability of premium English support, a 40-day trial period, and a variety of pricing plans make it accessible to traders of different backgrounds and capital levels.
While the claims made by Prisma Forex Robot are enticing, it’s essential to approach automated trading with caution. Market conditions can change, and past performance does not guarantee future results. It’s advisable to thoroughly research and consider your risk tolerance before committing to any trading system. A demo account is a vital part of the process and there is a free trial of the Prisma EA to give it a test without taking any risk.
Ultimately, Prisma Forex Robot’s combination of technical expertise, support, and flexible pricing plans makes it a system worth exploring for those interested in automated forex trading. However, as with any investment, it’s essential to conduct your due diligence and carefully assess your trading goals and risk tolerance before making a decision.
Prisma Forex Robot
Free 40-day trial
Pros
- Verified myfxbook accounts
- Multiple currency pairs
- Compatible with MT4
- Customisable settings
- Forex VPS service available
- VIP setup service if required
- Instructions provided
- Free updates
- Excellent support in English
- 30-day money back guarantee
Cons
- No backtests available
- No MetaTrader 5 version
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
