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Lizard is an MT5 expert advisor that enters with pending orders and attaches a stop loss to each trade. It is tuned for EURUSD on H1 and can be re-optimised for other symbols and timeframes.
Get one message the moment it launches, with its price.
Lizard is an expert advisor for MetaTrader 5 that trades by placing pending orders and attaching a stop loss to each position. Its author optimized it for EURUSD on the H1 chart and says it can be re-optimized for other symbols and timeframes.
The expert looks for entry conditions on the chart and then places pending orders rather than entering at market. Each trade carries a stop loss, and the author describes trailing stops and exit rules as part of how open trades are managed. The author also says the expert aims to take only setups with a favorable ratio between potential reward and risk, and that it tends to run with a moderate share of winning trades rather than a very high one.
The store lists this product under the Scalping and Grid tags, whereas the author describes the approach as pending-order entries with a stop loss on each trade. Because these descriptions differ, do not assume how many positions it will hold. Check this yourself in the Strategy Tester and on a demo account before trading real money.
The full list of inputs and their default values appears in the expert properties window after you attach it to a chart. Check them there instead of relying on any figures quoted elsewhere. The table below lists the kinds of inputs worth reviewing.
| Area | What to check |
|---|---|
| Lot size or risk | Whether it uses a fixed lot or a risk-based size, and what suits your balance |
| Stop loss and trailing | Distances relative to your broker's minimum stop level |
| Entry parameters | Indicator or price-action inputs that control when pending orders are placed |
| Trading hours | Any session filters, adjusted for your broker's server time |
| Magic number | A unique value if you run several experts on one account |
Test any change to the inputs on historical data with realistic spreads and slippage, then on a demo account. A backtest shows how a set of rules behaved on past data and does not show how it will behave in the future. Choose a position size you can afford to lose, and check your broker's margin requirements for the lot size you intend to use.
Trading carries risk, and you can lose some or all of your capital. Past results, including backtests and the author's own testing, do not predict future results. Nothing here is a promise of profit.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor, .ex5) |
| Strategy focus | Scalping, Grid |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy tags | Scalping, Grid (see the note on trade behavior in the description) |
| Primary market | EURUSD, as optimized by the author |
| Primary timeframe | H1 |
| Other markets | Other symbols and timeframes possible after your own testing |
| Order type | Pending orders with a stop loss on each trade |
| Requirements | MT5 terminal, algo trading enabled, stable connection or VPS |
No reviews yet. Customers who own Lizard MT5 can review it here.
No. This listing is for the MetaTrader 5 build only. MT4 and MT5 expert advisors are not interchangeable, so a file made for one platform will not load in the other.
The author optimized it for EURUSD on the H1 chart, so that is the sensible starting point. The author also says other symbols and timeframes can work, but you should test any other combination yourself in the Strategy Tester and on a demo account before using real money.
The store tags it as Scalping and Grid, while the author describes it as entering through pending orders with a stop loss on each trade. Behavior can depend on the settings, so run it in the Strategy Tester and watch the order and position log on a demo account to see how many positions it holds at once.
The author states it is not tied to one broker and is compatible with FIFO rules. Spreads, execution speed and stop-level rules still differ between brokers, so test on the account type you plan to use and check the minimum lot size and deposit with your broker.
Copy the expert file into the MQL5/Experts folder via File, Open Data Folder in MetaTrader 5. Refresh the Navigator or restart the terminal, drag the expert onto a EURUSD H1 chart and make sure algo trading is switched on.
Yes. The inputs are available in the expert properties window when you attach it to a chart. Change one thing at a time and test each change in the Strategy Tester before using it on a live account.
Lizard MT5
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