Expert Review of PrizmaL Gold EA – Is It Really a High-Performance Trading Bot?

By Brian D, CheaperForex.com

Introduction to PrizmaL Gold EA – Should You Spend $899+?

PrizmaL Gold EA is marketed as a high-performance trading bot designed exclusively for gold trading (XAUUSD). It claims to employ adaptive take-profit and stop-loss mechanisms, with 14 years of backtesting optimization (2010-2024). According to the developer, it features two trading strategies: one aggressive, executing frequent trades, and one conservative, executing fewer trades.

However, after reviewing the live trading signals and historical track record, there are concerns regarding low real-world profitability, questionable broker selection, and a history of rebranded products.

Key Features of PrizmaL Gold EA

✅ Two Trading Strategies – Aggressive and conservative modes, designed for different risk appetites.
✅ Adaptive Take-Profit & Stop-Loss – Adjusts dynamically to market conditions.
✅ Hedging Supported – Uses multiple positions to optimize profit and risk management.
✅ Recommended for IC Markets & Blueberry Markets – Standard and raw account compatibility.
✅ No Commission Accounts Preferred – The EA performs best on standard (non-commission) accounts.

Key Concerns About PrizmaL Gold EA

❌ Live Performance Shows Low Growth
The developer provides live signals with Blueberry Markets (Signal 1, Signal 2), which are supposed to showcase the EA’s capabilities. However, both accounts demonstrate low profitability with no significant returns that justify the $899 price tag.

❌ Leverate Broker & Questionable Signal History
Another live signal runs on Leverate, a broker known for questionable practices and lack of transparency. The developer has also renamed the signal multiple times, suggesting an attempt to erase past poor performance records. This raises serious concerns about credibility.

❌ Rebranded from PrizmaL Pro – What Happened to the Old EA?
Previously, the developer sold an EA called PrizmaL Pro, which was flooded with negative reviews before being removed from the MQL5 market. Now, PrizmaL Gold appears to be a rebranded version, raising doubts about whether any meaningful improvements were made.

❌ Price Manipulation & Limited Copies Strategy
The EA is advertised with a “limited copies” marketing tactic, where the price starts at $399 and increases by $100 every ten sales, ultimately reaching $1,199. This is a common sales gimmick to create artificial urgency rather than reflecting true value.

❌ Claims of Winning an Automated Trading Championship – But Which One?
The developer claims that PrizmaL Gold EA won an automated trading championship, yet we have found no verifiable record of this victory. No official MetaQuotes or widely recognized championship appears to list this EA as a winner. This raises serious credibility concerns about the accuracy of the marketing claims.

❌ Group Buy Versions Circulating – Extreme Caution Advised
We’ve noticed that some online stores are selling group buy versions of PrizmaL Gold EA. However, we are not aware of any legitimate way to obtain this EA outside of the MQL5 marketplace. Extreme caution should be exercised when purchasing from group buy sources, especially when cryptocurrency is the only payment method accepted.

User Feedback & Reviews

PrizmaL Gold EA has received mostly good reviews from users on MQL5. While some report positive initial experiences, others have concerns about long-term reliability and performance consistency.

While early feedback is positive, these reviews lack long-term insights. Many EAs perform well initially but struggle to maintain profitability over time. Traders should wait for extended testing periods before making conclusions.

Performance Analysis & Proof of Results

While the backtest data claims to be 14 years optimized, real trading results fail to back up those claims.

Pros & Cons

Pricing & Availability

💰 Current Price: $899 (Increasing with every 10 sales – pressure selling tactics) 💰 Projected Future Price: $1,199
📉 Demo Available? Yes, but only allows you to backtest it.
⚠ Refunds? No refund policy as soon as you activate it, as per MQL5 terms.

The pricing strategy relies on scarcity marketing rather than proven long-term results, which makes it risky for traders who expect reliability.

FAQs

❓ Is PrizmaL Gold EA worth the price?
Currently, based on live performance, no. There are other proven EAs with more consistent results available at a lower price.

❓ Is the developer trustworthy?
There are concerns due to the rebranding history, the deletion of previous products in 2024 and previous negative feedback on PrizmaL Pro.

❓ Does this EA actually work?
While it may function as advertised initially, the long-term profitability is questionable based on live trading results. We are concerned why such a low deposit was used with Blueberry Markets.

Final Verdict – Should You Buy PrizmaL Gold EA?

🚩 Proceed with caution. PrizmaL Gold EA promises high performance but fails to prove it with real results. While the strategy looks good on paper, the live signals show poor growth, the Leverate signal has been renamed multiple times, and the developer has a track record of deleting failed products (PrizmaL Pro).

Unless the EA can show consistent profitability over time with a legitimate broker, it is not worth the high price tag. There are better alternatives in the market with verified long-term results and higher transparency.

Final Rating: ⭐ 2.5/5 – Overpriced, Unproven, and Questionable History