Lizard Review
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.
AlgoVerdict score
Weighted from 6 criteria — weighting in percent.
- Strategy risk25%
- 2.6
- Live track record25%
- 3.0
- Transparency15%
- 3.7
- Value for money15%
- 2.3
- Usability10%
- 3.1
- Broker independence10%
- 2.9
- Strategy
- scalping
- Market
- XAUUSD
- Platform
- MT4/MT5
- Price
- 999 $
- Vendor
- Marco Scherer
- Source
- MQL5-Market
- Verified live 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 und Backtest legen ~33% Drawdown offen — transparent, aber schwer. The crux here: AlgoTradingSpace links no continuous public live account for this EA. An equity curve from backtests alone says little about real money — slippage, spread and execution are missing, and parameters can be fitted to the past until the curve looks perfect. Without a linked account we treat every return claim with scepticism; the EA is ATS-vetted, but 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 2.9/5 — with reservations. Check the MQL5 live signal carefully before buying.