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I have made up my own Guide to beat Malistaire :)

Round 1:
Use LOTS of blades and traps, (Whatever your school is)

Round 2:
Use prisms, (If your a death student)
(If your a life student, use a little life spell, 0 Pips)

Round 3:
Keep passing untill your most powerful spell appears.

Final round:
Use YOUR best/ most powerful spell, (Make sure your friends dont kill him first thou,)

Its actually not that hard, unless its the Test Realm :D
Or the other version.
Hope This Helps :)