EA review · Updated
Lizard Review
- Strategy
- Scalper
- Live return / max. DD
- no public live account
- Price
- $999
A gold scalper that shows its drawdown (~33%) openly in both live signal and backtest and opens the product page with a risk warning — transparency is the plus here, a large gain next to a large DD is more honest than an unrealistically smooth curve. Red flag: the price was hiked to $999 after a drawdown period drew negative reviews — expensive for a heavy risk profile.
How we checked
- Reviewed by
- Pitt Petruschkeruns AlgoVerdict · MethodologyNo public live data
- Last checked
- facts, score and evidence as of this date
- Evidence (1)
- Product page (MQL5 Market) · price and vendor details
- Changes
No changes documented yet.
AlgoVerdict score
Weighted from 6 criteria — weighting in percent.
- Live track record25%
- 3.2
- Strategy risk20%
- 2.6
- Transparency20%
- 3.7
- Value for money15%
- 2.3
- Usability10%
- 3.1
- Broker independence10%
- 2.5
- Strategy
- scalping
- Market
- XAUUSD
- Platform
- MT4/MT5
- Price
- $999
- Vendor
- Marco Scherer
- Source
- MQL5-Market
- Public track
- No continuous public live account
- No continuous public live account — returns only partly verifiable
- Vendor setting only — set your own risk cap
What Lizard is
Lizard by Marco Scherer is a scalping EA on XAUUSD (MT4/MT5), sold via MQL5-Market. We classify it independently — by strategy risk, verified live track, transparency and value, not by vendor promises.
Live results & track record
Live signal and backtest disclose ~33 % drawdown — transparent, but heavy. The crux here: there is no continuous, publicly verifiable live account for this EA that we could read ourselves. An equity curve from backtests or screenshots says little about real money — slippage, spread and execution are missing. Without a verifiable account we treat every return claim with scepticism, and the rating stays deliberately cautious.
Strategy & risk
The scalping approach sets the risk profile. The approach uses defined entries/exits; what matters is whether the live track confirms the backtest picture. On MQL5 you buy the vendor setting — a hard risk cap (parameters or an external drawdown guard) is on you to set.
Cost & usability
On MQL5 the EA costs $999. You buy the vendor version without calibration — risk cap, broker choice and setfile are on you.
Who it is (not) for
Suitable for traders who check the live signal carefully themselves and run the EA with their own hard risk cap and budget it as *one* building block. Not suitable for small accounts without a buffer or for anyone who mistakes a smooth backtest curve for a guarantee.
Verdict
Lizard lands at 3.0/5 — with reservations. Check the MQL5 live signal carefully before buying.
How the strategy trades
A schematic simulation of the strategy type we assign Lizard to — not a replica of this EA and not real price data.
How it works
- While price is above the EMA 20, the uptrend holds.
- After a small pullback the EA buys 0.10 lots with a tight target (+6 pips) and a stop twice as wide (−12 pips).
- Each trade earns little; the many small gains add up. Because the stop is larger than the target, the hit rate has to stay high – and spread and slippage take their biggest bite here.
What we check
What we check on real scalpers: whether live results hold up to the backtest once real spreads, commissions and slippage kick in – and with which broker.
Demonstration values: a simulated EURUSD path with 0.10 lots and $10,000 starting capital, deliberately favourable – every basket and every trend works out here. Not a real trading strategy, not a backtest and not investment advice.
Frequently asked questions
- Which markets does Lizard trade?
XAUUSD. Mind the symbol: brokers name commodities differently (XAUUSD, GOLD, XTIUSD, USOIL and so on). Checking Market Watch before attaching the EA avoids the most common setup mistake.
- Which platform does Lizard run on?
MT4/MT5. Continuous operation needs a VPS, because a sleeping machine leaves open positions unattended: VPS providers compared.
- What does Lizard cost?
$999 (as of our last check). We take prices from the vendor, ATS or MQL5 product page, not from marketing copy — that often quotes different figures than the buy button.
- Is Lizard any good?
Our grade: 3.0 out of 5, traffic light yellow — with reservations. It comes from six criteria, weighted most heavily towards the verified live track record and strategy risk. We rate from real accounts, not vendor backtests, and no EA vendor pays for ratings — the weighting is public in our methodology.
- Is there a verified live track for Lizard?
No — we hold no independently checked live track for this specific EA. What we can place is the design and the vendor context. Without a documented account we rate conservatively; how we weight that is in our methodology.