Lizard Expert Advisor MT5 v1.72 + SetFiles (Unlimited) – Complete Review

What is Lizard MT5 v1.72?

Lizard MT5 is a professional Expert Advisor for MetaTrader 5 designed exclusively for trading Gold (XAUUSD) on the H1 timeframe. Instead of opening market orders immediately, the EA studies price structure, detects important swing highs and swing lows, and places pending Buy Stop or Sell Stop orders only when breakout conditions are confirmed.

The objective is simple: participate only when momentum supports the trade rather than entering during uncertain market conditions.

The EA combines six independent breakout strategies that work together while maintaining strict money management rules. This diversified approach allows it to react to different market environments without relying on aggressive recovery techniques.

If you’re new to automated trading, you can also read our complete guide to Expert Advisor, learn how Meta Trader 5 works, and understand the importance of proper Risk Manage techniques before running any trading robot.

Vendor – Vendor Link

Lizard Live Signals

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Why Traders Choose Lizard MT5

One of the biggest reasons traders choose Lizard MT5 is its emphasis on controlled risk rather than maximizing trade frequency.

Some of its standout advantages include:

• Fully automated trading
• Optimized for XAUUSD
• Six independent trading strategies
• Intelligent breakout confirmation
• No Martingale
• No Grid trading
• No averaging down
• Automatic trade management
• Built-in news protection
• Prop firm friendly settings
• Flexible money management

Instead of opening dozens of trades every day, the EA patiently waits for high-quality breakout opportunities.

How Lizard MT5 Works

The trading process follows several logical steps.

1. Market Structure Detection

The EA continuously scans the H1 chart looking for significant:

• Swing highs
• Swing lows
• Support areas
• Resistance levels

These areas become potential breakout zones.

2. Breakout Confirmation

Rather than entering immediately, Lizard waits for price to move beyond important market structure before activating trades.

Pending Buy Stop and Sell Stop orders are placed beyond key levels where genuine momentum is more likely to develop.

This helps filter many false breakouts that frequently occur during ranging markets.

3. Position Management

Once a trade is active, the EA begins managing the position automatically.

Instead of relying only on a fixed Take Profit, it dynamically adjusts exits based on market behavior.

Six Independent Trading Strategies

One of the strongest features of Lizard MT5 is that it doesn’t rely on a single trading algorithm.

Instead, six separate breakout systems operate simultaneously.

Each strategy has its own:

• Entry rules
• Stop Loss
• Take Profit
• Risk allocation
• Magic Number
• Exit logic
• Trailing management

This diversified design allows the EA to capture different types of market movements while reducing dependence on one specific strategy.

Advanced Trade Management

Many automated systems focus heavily on entries while paying little attention to exits.

Lizard MT5 takes the opposite approach.

Its trade management engine includes multiple layers of protection.

Break Even

When a predefined profit level is reached, the Stop Loss automatically moves to the entry price.

Dynamic Trailing Stop

As price continues moving favorably, the Stop Loss follows the market to secure gains.

Trailing Take Profit

Instead of exiting too early, profitable trades can continue running while locking in additional profit.

Magic Trail

An intelligent trailing system gradually protects larger gains during strong trends.

Virtual Stop Loss

Some stop management is handled internally rather than placing visible orders on the broker’s server.

Together, these features aim to maximize winning trades while reducing unnecessary losses.

Key Features

Lizard MT5 includes a wide range of professional trading tools.

Fully Automated

No manual trade entries are required after installation.

Optimized for Gold

The EA was developed exclusively for XAUUSD.

Smart GMT Session Filter

Trading is restricted to historically stronger market sessions.

NFP Protection

The EA automatically pauses trading around Non-Farm Payroll announcements.

Market Close Protection

Pending orders are removed before daily market close periods to reduce overnight risk.

Flexible Lot Sizing

Choose between:

• Fixed lot
• Risk percentage
• Automatic position sizing

Separate Magic Numbers

Each strategy manages its own trades independently.

Prop Firm Compatibility

Includes configurable daily drawdown controls that may help traders operating funded accounts.

Risk Management

Proper risk management is one of the strongest aspects of Lizard MT5.

Every position includes predefined protection.

Built-in safety features include:

• Stop Loss on every trade
• Take Profit targets
• Break Even
• Dynamic Trailing Stop
• Virtual Stop Loss
• Daily drawdown limits
• Margin protection
• Spread monitoring
• Trading session filters
• News protection

Unlike many aggressive Gold robots, Lizard does not attempt to recover losses by increasing lot sizes.

Trading Strategy Philosophy

Lizard follows a conservative trading philosophy.

It deliberately avoids several high-risk methods commonly found in many automated systems.

The EA does not use:

• Martingale
• Grid trading
• Averaging down
• Unlimited position stacking
• Random trade entries
• Lot multiplication

Each trade is treated independently with predefined risk.

Live Performance Overview

According to the developer’s published trading results, the EA has demonstrated encouraging long-term performance on XAUUSD.

Some reported highlights include:

• Verified account growth approaching 78%
• Approximately 86% winning trades
• Controlled maximum drawdown
• Stable equity progression
• Consistent breakout execution

While historical and live performance provide useful insight, they should never be considered a guarantee of future returns. Market conditions constantly change, and all trading involves risk.

Historical Backtest Summary

The available backtesting data also demonstrates consistent behavior across the tested period.

Reported statistics include:

• Strong Profit Factor
• High Recovery Factor
• Nearly 90% winning trades
• Low relative drawdown
• Consistent equity growth

Backtesting is useful for understanding strategy behavior, although real market conditions can differ due to spreads, slippage, and execution quality.

Recommended Trading Conditions

For optimal performance, the following setup is generally recommended.

Running the EA on a VPS can improve execution quality and ensure uninterrupted operation.

What is Included in the Download?

The download package typically contains:

Expert Advisor

• Lizard_1.72_fix.ex5

Set Files

• Gold_H1_$1000.set
• Live Signal_setfile.set

These files allow traders to quickly load optimized settings without configuring every parameter manually.

Installation Guide

Installing Lizard MT5 is straightforward.

1. Open MetaTrader 5.
2. Copy the EA into the Experts folder.
3. Copy the provided SetFiles into the Presets folder.
4. Restart MT5.
5. Attach the EA to the XAUUSD H1 chart.
6. Enable Auto Trading.
7. Load the preferred SetFile.
8. Verify that trading permissions are enabled.
9. Keep the platform running or use a VPS.

Once configured, the EA begins monitoring the market automatically.

Pros and Cons

Advantages

• Designed specifically for Gold
• Fully automated trading
• Six independent breakout systems
• Intelligent trade management
• Strong risk controls
• No Martingale
• No Grid
• Built-in news protection
• Flexible money management
• Suitable for MT5 users

Considerations

• Works only on XAUUSD
• Requires stable broker execution
• Best performance depends on low spreads
• Gold remains a highly volatile instrument
• Future profitability cannot be guaranteed

Who Should Use Lizard MT5?

Lizard MT5 may be suitable for:

• Gold traders
• Swing traders
• Momentum traders
• MT5 users
• Traders seeking fully automated execution
• Traders who prefer controlled risk
• Prop firm participants

It may be less suitable for traders looking for ultra-high-frequency scalping or aggressive recovery systems.

Frequently Asked Questions

Does Lizard MT5 use Martingale?

No. The EA does not use Martingale, Grid trading, or averaging techniques.

Which currency pair does it trade?

It is designed specifically for XAUUSD (Gold).

Which timeframe should I use?

The recommended timeframe is H1.

Can beginners use Lizard MT5?

Yes. Since the system is fully automated, beginners can use it after proper installation and understanding of basic trading risks.

Is a VPS necessary?

A VPS is not mandatory but is strongly recommended for uninterrupted trading.

Does the EA trade during major news?

No. It includes built-in protection that suspends trading around major Non-Farm Payroll (NFP) announcements.

Final Verdict

Lizard MT5 v1.72 + SetFiles offers a disciplined approach to automated Gold trading by combining market structure analysis, confirmed breakout entries, and advanced trade management into one complete trading solution.

Rather than relying on risky recovery methods, the EA focuses on predefined risk, intelligent position management, and selective trade execution. The combination of six independent strategies, flexible money management, built-in safety filters, and fully automated operation makes it an attractive option for traders who value consistency over aggressive risk-taking.

As with any trading system, no Expert Advisor can guarantee future profits. Performance will always depend on market conditions, broker quality, account settings, and appropriate risk management. Traders should begin with conservative position sizing, test the EA on a demo account where possible, and ensure the strategy aligns with their own trading objectives before using it on a live account.