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Once the EA is activated on your MT5 platform, the license is permanently yours and cannot be reclaimed. Refunds are only available before activation.
Installed directly from the MQL5 marketplace
Always the most current release. Future updates downloaded from your MT5 Market tab.
Installed from the official MQL5 marketplace — identical to buying direct
This is the same EA you'd get from MQL5. Same .ex5 file, same developer, same future updates, same everything. The only difference is the price.
Why it's cheaper: we buy MQL5 licenses in bulk and pass the volume discount on to you. That's the entire business model — no tricks, no expiration, no compromise.
This is NOT a crack. Cracked EAs have modified code, no updates, no support, and security risks. Ours is the unmodified original, installed directly from MQL5, with full lifetime updates available from your MT5 Market tab.
If you bought this same EA on MQL5 today, you'd receive the identical product — for double the price.
We'll recommend a Windows VPS and set everything up for you
A Windows VPS is a remote computer in a data centre that runs your EA 24/7. Most of our customers had never used one before — and almost all are surprised how good they are.
You'll be able to: keep your home PC off, log in from your phone anywhere in the world, and forget about power cuts, internet outages, and Windows updates interrupting your trading.
Our recommendation: Contabo Cloud VPS 10 with Windows Server — 4 vCPU, 8 GB RAM, ~$14/month all-in on the 12-month plan. Plenty for multiple MT5 terminals.
Once your VPS is ready, send us the login and we'll install MT5, install your EA, and have it trading within minutes. Already have a VPS or want to use your own machine? That works too.
Avoid the MQL5 VPS — it's not a real VPS. You can't log into it, can't see what's happening, and can't troubleshoot. A proper Windows VPS gives you full control.
Lizard EA MT5
There is no martingale, no grid, no averaging — every trade carries a defined stop loss and take profit. The architecture includes an NFP filter (auto-pauses around news releases), market-close protection, a built-in prop firm daily drawdown limit, and a multi-layered exit system (break-even, trailing SL, trailing TP, magic trail, virtual SL). A public MQL5 live signal sits alongside the listing on VTMarkets.
- ✅ 9-strategy XAUUSD swing breakout architecture — independent strategies across M1 to D1 timeframes, each with its own SL/TP/trailing logic and risk weighting
- ✅ No grid, no martingale, no averaging — SL and TP on every trade, NFP filter, market-close protection, multi-layered exit system
- ✅ Prop firm compatible + public live signal — built-in daily DD limit for challenge accounts, real-money MQL5 monitoring on VTMarkets
9-strategy XAUUSD breakout engine. No grid, NFP filter, prop firm DD limit, public live signal.
Buy Now
Save over 50% — the same product, for less.
Buy the latest version through CheaperForex, installed the proper way through the MQL5 marketplace. Identical to buying direct — not a cracked or modified copy — just at a reseller price.
Original price was: $299.00.$169.95Current price is: $169.95.
The only EA reseller rated this high.
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Quick Summary:
Lizard for MT5 by Marco Scherer is a XAUUSD-only Expert Advisor built around a multi-strategy swing breakout system. The architecture runs nine independent strategies in parallel — each with its own entry timeframe (M1 to D1), stop loss, take profit, trailing logic and risk weighting. Entries are taken only when a real breakout triggers a pending stop order placed at calibrated distance from a swing-high or swing-low structure. The system uses no martingale, no grid, no averaging, with a defined stop loss and take profit on every trade. A real-money MQL5 live signal published by the developer has been running since May 2026.
Official MQL5 Listing:
Lizard — MQL5 Marketplace
Developer’s Live Signal:
Lizard VT STP — MQL5 live signal (VTMarkets)
Why Lizard
- Gold specialist — built exclusively for XAUUSD on a multi-strategy architecture
- 9 independent breakout strategies — running in parallel across M1 to D1 timeframes, each individually optimised with its own SL, TP, trailing logic and risk weighting
- Real-breakout entry logic — pending stop orders trigger only on confirmed momentum, filtering price-touch fakeouts
- No martingale, no grid, no averaging — explicitly excluded from the design; every trade carries defined SL and TP
- Multi-layered exit system — break-even, trailing SL, trailing TP, magic trail (step-based SL progression), and a virtual SL that closes positions in software independently of the broker
- NFP filter — automatically pauses trading before and after Non-Farm Payrolls releases
- Market-close protection — pending orders removed before the daily market close window
- Prop firm compatible — built-in maximum daily drawdown input for challenge-account compliance
- Dynamic price scaling — entry offsets, stop losses and take profits scale proportionally with the current gold price
- Smart time filter — kill-hours blocked per strategy based on historical GMT performance analysis
- Public MQL5 live signal — real-money monitoring on VTMarkets at the developer’s published minimum balance
How Lizard Works
Lizard continuously scans the XAUUSD chart for significant swing highs and swing lows across multiple timeframes. When a valid structure forms, the EA places a pending buy stop or sell stop order at a calibrated distance from the level. The order triggers only if price actually breaks out through that level with confirmed momentum — not on a price touch, which is a common entry weakness in less-disciplined breakout systems.
Beneath this single description sits the actual engine: nine independent strategies running in parallel. Each has its own internal timeframe (from M1 short-term intraday setups through to D1 multi-day swings), its own stop loss and take profit logic, its own trailing system, its own magic number, and its own risk weighting. Strategies activate automatically based on account balance and the selected frequency mode. This is what allows the EA to operate across different gold market conditions rather than being tuned for a single regime.
The exit side is where most breakout EAs fall apart, and Lizard’s multi-layered approach addresses that directly. Break-even moves the stop loss to entry once profit hits a defined threshold. Trailing SL follows price to protect gains. Trailing TP dynamically adjusts the take profit. A magic trail allows step-based SL progression. And a virtual SL runs in software independently of the broker — useful when broker-side SL handling is suspect. Combined with the NFP filter and market-close protection, the system is built to manage risk continuously rather than just opening and closing positions.
Live Signal & Backtest Snapshot
- Live signal: VTMarkets, real money, ~4 weeks tracked at the time of writing
- Live growth: ~+29% from a $250 starting deposit (the developer’s published minimum)
- Live win rate: 84.4% — closely matching the backtest’s 85% (an important alignment signal)
- Live maximum drawdown: 18.3% — higher than the backtest’s 6.30%, partly a small-account amplification effect
- Backtest period: January 2025 – May 2026 (~17 months), real-tick data, default settings
- Backtest result: Profit factor 3.56, 85.32% win rate across 879 trades, 5.29% balance / 6.30% equity drawdown, LR correlation 0.96
The live signal is encouraging — particularly the win-rate alignment with the backtest — but it’s only four weeks old, and the realistic live drawdown will sit closer to the 18% on the live account than the 6% on the backtest. Our full review explains why and what to size around.
EA Setup at a Glance
- Platform: MetaTrader 5
- Instrument: XAUUSD only (Gold)
- Host chart timeframe: H1 (the nine strategies run their own internal timeframes M1-D1)
- Strategy: Multi-strategy swing breakout — pending stop orders, real-breakout filter, no grid or martingale
- Account: Hedging account, ECN or Raw Spread preferred
- Leverage: 1:500 used on live signal; 1:100 minimum recommended
- Minimum deposit: $250 (the developer’s published minimum, also the live signal balance)
- VPS: Strongly recommended low-latency VPS for continuous operation
- Frequency modes: Auto, Extreme Conservative, Conservative, Moderate, Intense, Extreme, Manual
What You Receive
- Lizard for MT5 — Latest Version
- Developer’s recommended settings and presets, where supplied
Risk Disclaimer
Trading XAUUSD involves significant volatility (NFP, CPI, FOMC, geopolitical events) and a breakout strategy can produce consecutive losses when gold consolidates or fakes out against the breakout direction. The developer’s live signal is young at the time of writing, and the realistic live drawdown experienced on real accounts will likely sit closer to the live signal’s 18% than the backtest’s 6%. The frequency mode you select directly affects both return and drawdown — Extreme mode is not appropriate for new buyers. Match risk settings to your account size, give the account meaningful headroom, test on demo on your intended broker first, and never deploy capital you cannot afford to lose. Past performance — backtest or live — does not guarantee future results.
Full Review & Analysis
📖 Read our complete Lizard EA review →
An honest editorial breakdown: how the 9-strategy breakout architecture actually works, the live signal examined including the live-vs-backtest drawdown gap, the realistic Sharpe interpretation, the frequency-mode settings that matter most, the prop firm question, and our verdict.
FAQs
What is Lizard EA?
A XAUUSD-only Expert Advisor for MetaTrader 5 by Marco Scherer. It runs nine independent swing breakout strategies in parallel — each with its own entry timeframe (M1 to D1), stop loss, take profit, trailing logic and risk weighting. Pending stop orders are placed at calibrated distance from swing-high and swing-low structure, and only a real breakout triggers entry. No martingale, no grid, no averaging — every trade has SL and TP.
What broker and account type do I need?
A hedging account on a broker offering XAUUSD with reasonable spreads — ECN or Raw Spread is preferred. The developer’s live signal runs on VTMarkets at 1:500 leverage; minimum recommended leverage is 1:100. Match leverage to your jurisdiction’s availability.
What deposit should I start with?
The developer’s minimum recommended balance is $250 — and the live signal runs at exactly that. More headroom is sensible if you want lower percentage swings and want to use multiple strategies at higher activity modes. Start conservative on frequency mode and step up only after you’ve watched live behaviour on your own broker.
What chart timeframe should I attach it to?
The H1 chart is the developer’s recommended host. The nine strategies run their own internal timeframes (M1 to D1) regardless of the chart you attach the EA to, so the host chart is essentially the EA’s home — not where its trading signals come from.
Does it work on prop firm accounts?
Yes — the EA includes a built-in maximum daily drawdown input specifically for prop firm compliance. There is no grid or martingale anywhere in the system (which most firms ban), and the multi-layered exit system maintains defined risk per trade. Match the daily DD setting to your specific firm’s rules.
Does it work on MT4?
No. Lizard is built for MetaTrader 5 only.
Do I need a VPS?
A low-latency VPS is strongly recommended. Lizard manages pending orders, multiple trailing systems and a virtual SL layer continuously, so an unstable home connection can leave trades mismanaged. A stable 24/5 VPS is the right setup.
Why buy from CheaperForex instead of the MQL5 marketplace?
The product is identical — same EA, same future updates from the developer. You simply pay significantly less. Our full review covers both the strengths and the honest caveats (young live signal, single-broker testing) before you buy.
Peter Jones
Frequently Asked Questions
Yes! All products listed on our site are in stock and ready for immediate activation.
No waiting periods, no group buys. Purchase today, get it activated today.
We purchase licenses in bulk, then pass the wholesale savings to you. MQL5 charges full retail because they're a marketplace with fees and overhead. We buy direct and operate lean.
Buying directly on MQL5 means paying full price — often $500–$1,500 — without knowing if the EA will work for you. If it doesn't perform, there's no refund. With us, you get the exact same official lifetime-licensed copy for up to 70% less. Test it at lower risk before committing full price elsewhere.
You get the exact same product:
- Same official MQL5 license (not cracked or pirated)
- Same lifetime updates from the developer
- Same technical support
- We handle the activation for you (under 2 minutes)
We're an EA reseller that's been operating since 2019. We purchase official licenses in bulk from the MQL5 marketplace and pass the savings on to you.
Every product is 100% genuine — activated directly from the developer's official MQL5 marketplace listing through MQL5's one-click activation system. You get the real product with full functionality and automatic updates.
We accept card payments via Stripe — only registered, verified businesses can process card transactions. Crypto is also available with an extra 20% discount.
We respond on Telegram and email within minutes during business hours, and with 28,000+ customers rated Excellent on Trustpilot, our track record speaks for itself.
Your EA is activated directly inside your MT5 terminal — the same way it would be installed if you bought from MQL5 at full price. We handle the activation for you remotely, and it takes under 2 minutes.
Because it's an official MQL5 marketplace activation, you receive all future updates automatically — they arrive straight to your MT5 from the developer, no action needed on your part.
This is actually how you know you're getting the real thing. MQL5 marketplace EAs are protected and can only be installed through official activation. Anyone offering a downloadable .ex5 file is selling a fake or cracked copy that won't work properly and won't receive updates.
Yes — this is a lifetime license. Once activated, it's yours permanently with no expiry, no renewals and no ongoing fees.
Each purchase covers a single computer activation. On that machine you can run it across multiple MT5 terminals and use it with as many broker accounts as you like. If you need it on a second computer, you'd need a second license.
Most customers install on a VPS they'll run for years and never need to think about it again. It's the trade-off for getting the same official product at a fraction of the MQL5 price.
You receive the official MQL5 license activated directly in your MT5 terminal, lifetime updates from the developer delivered automatically, and fast support from our team via Telegram and email.
If the developer provides any official user guides, presets or set files, we'll get them from the developer and send them straight to you. If the EA has an official community group, we'll do our best to get you access to that too.
If you change your mind before we activate the product in your MT5 terminal, you get a full refund — no questions asked.
Once activated, refunds are no longer available. This isn't a policy choice on our end — MQL5 licenses can't be deactivated once issued. The license is permanently yours and cannot be revoked or transferred back, so we can't reclaim it to refund the cost.
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