Lizard EA MT5 v1.72 with SetFiles | Unbounded

Product Overview

Lizard EA MT5 is a next-generation Expert Advisor for MetaTrader 5 built exclusively for XAUUSD (Gold) trading. Designed around an intelligent swing breakout strategy, the EA automatically detects key market structure levels and places pending orders only when a confirmed breakout occurs.

Unlike traditional Gold EAs that depend on risky recovery methods, Lizard EA MT5 never uses Martingale, Grid, or averaging techniques. Every position is protected by a predefined Stop Loss and Take Profit, while an advanced trade management engine continuously optimizes open positions to protect profits and minimize risk.

Powered by six independent trading strategies, Lizard MT5 adapts to different market conditions and delivers a disciplined, fully automated trading experience for both retail traders and prop firm participants.

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About the Developer

• Author:Marco Scherer
• Experience: Over +1 years of experience on MQL5.
• Notable Products: Lizard EA MT5 and other advisors.
• Flagship Product:  Lizard EA MT5 is rated as the best performing product of the year.

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Lizard EA MT5 Overview

Main Features Of Lizard EA MT5

• Fully automated Expert Advisor for MetaTrader 5.
• Optimized exclusively for XAUUSD (Gold).
• Six independent breakout strategies running simultaneously.
• Intelligent swing high and swing low detection.
• Automatic Buy Stop and Sell Stop placement.
• Advanced trade management with multiple exit techniques.
• Smart trading-hour optimization using GMT performance analysis.
• NFP news protection and market close safety system.
• Compatible with prop firm trading requirements.
• Designed without Martingale, Grid, or recovery systems.

Dynamic Trade Management

• Rather than opening multiple recovery positions, Lizard EA MT5 focuses on quality over quantity.
• The EA waits for price to establish a valid market structure before calculating precise breakout levels. Pending orders are placed beyond significant swing highs or swing lows, ensuring that trades are activated only when genuine momentum enters the market.
• This selective execution process helps eliminate many false breakouts while reducing unnecessary market exposure.

Intelligent Trailing Stop

Profit protection is managed automatically through an advanced exit engine.

Lizard EA MT5 combines several trade management technologies, including:

• Automatic Break Even after predefined profit levels.
• Dynamic Trailing Stop to secure profits during trends.
• Adaptive Trailing Take Profit that follows strong market momentum.
• Magic Trail system that gradually locks in additional gains.
• Virtual Stop Loss management executed internally for enhanced trade control.

These features work together to maximize winning trades while reducing the impact of sudden market reversals.

Secondary Features

In addition to its breakout strategy, Lizard EA MT5 includes several intelligent trading enhancements:

• Smart GMT session filter.
• Historical profitability analysis.
• Automatic NFP trading suspension.
• Pending order removal before market close.
• Separate Magic Numbers for each strategy.
• Automatic strategy allocation based on account size.
• Continuous 24-hour automated monitoring.
• Optimized specifically for H1 Gold trading.

How Does Lizard EA MT5 Works?

• Lizard EA MT5 continuously analyzes the H1 chart of XAUUSD to locate important swing highs and swing lows that define market structure.
• When a valid setup is identified, the EA calculates the optimal breakout distance and places a pending Buy Stop or Sell Stop order beyond the structure.
• Trades are executed only after price successfully breaks through the level with sufficient momentum, helping filter out weak or false signals.

Six independent strategies operate simultaneously, each with its own:

• Entry algorithm
• Risk allocation
• Stop Loss
• Take Profit
• Trailing system
• Magic Number

Depending on your account balance, additional strategy groups are automatically activated to increase market coverage.

Risk Management

Risk management is integrated into every aspect of Lizard EA MT5.

Key protection features include:

• Stop Loss applied to every trade.
• Individual Take Profit targets.
• Automatic Break Even protection.
• Dynamic Trailing Stop.
• Virtual Stop Loss functionality.
• Configurable daily drawdown limits.
• Smart trading-hour filtering.
• News event protection.
• Market close protection.

This structured approach helps maintain disciplined trading while avoiding unnecessary risk.

 Performance Review

🟢Signal Results

Lizard EA MT5 Signal Results

🟢Backtest Results

🔺XAUUSD (Gold) – 6 Months

• Initial Deposit: $250
• Total Net Profit: $521.87
• Win Rate (% of total): 521.87
• Maximum Drawdown: 2,52%

Lizard EA Backtets

Fixed Lot Option

Lizard MT5 provides flexible money management settings suitable for different trading styles.

Users can choose between:

• Fixed Lot trading.
• Risk-based automatic position sizing.
• Individual risk weighting for each trading strategy.

This flexibility allows traders to customize the EA according to their account size and personal risk tolerance.

High-Risk Techniques Not Used

Lizard EA MT5 follows a conservative trading philosophy and deliberately avoids high-risk recovery methods.

The EA does not use:

• Martingale
• Grid Trading
• Averaging Down
• Unlimited position stacking
• Lot multiplication systems
• Random trade execution

Instead, every trade is based on confirmed breakout conditions with predefined risk parameters.

GMT Configuration

• Lizard EA MT5 includes an intelligent GMT Time Filter developed from historical trading data.
• Each strategy has its own optimized trading schedule, allowing the EA to automatically avoid periods that have historically produced weak performance.
• By focusing only on statistically favorable trading hours, the EA improves efficiency while reducing unnecessary exposure during low-quality market sessions.

Why Choose Lizard EA MT5?

Lizard EA MT5 offers a professional approach to automated Gold trading by combining precision breakout entries with robust risk management.

Benefits include:

• Dedicated XAUUSD optimization.
• Six diversified trading strategies.
• Confirmed breakout entries instead of aggressive market orders.
• Intelligent profit management.
• Multiple built-in safety filters.
• News and market close protection.
• Prop firm friendly settings.
• No Martingale or Grid trading.
• Fully automated operation with minimal user intervention.
• Designed for long-term trading consistency.

Real User Reviews and Feedback

🔺Lizard EA MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

Realistic assessment

What’s Included in the Download Package?

• Experts
  •  Lizard_1.72_fix.ex5
• SetFiles
  • Gold_H1_$1000.set
  • Live Signal_setfile.set

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Final Thoughts

Lizard EA MT5 is a sophisticated MetaTrader 5 Expert Advisor engineered for traders who value precision, automation, and disciplined risk control. By combining six independent breakout strategies, intelligent market structure analysis, and advanced trade management, the EA delivers a structured approach to trading XAUUSD without relying on risky recovery systems.

Whether your goal is consistent long-term performance or meeting the strict requirements of proprietary trading firms, Lizard EA MT5 provides a reliable, fully automated solution that emphasizes capital preservation, controlled risk, and high-quality trade execution.

>> Reviewed by Jason Stap <<<