Lizard EA V2.1 MT5

INTRODUCTION

Lizard EA V2.1 MT5 is a fully automated Expert Advisor designed exclusively for trading XAUUSD (Gold) on MetaTrader 5. It uses a multi-strategy swing breakout system that identifies key swing highs and lows on the H1 chart and places pending Buy Stop or Sell Stop orders at calculated entry points. The EA enters only on confirmed breakouts and manages every trade with a defined stop loss and take profit. It does not use martingale, grid, or averaging methods.

Key Features

• Fully automated trading on MetaTrader 5
• Multi-strategy swing breakout system with six independent strategies
• Pending Buy Stop and Sell Stop entries with breakout confirmation
• Defined stop loss and take profit on every trade
• No martingale, no grid, no averaging
• Multi-layer exit system including break-even, trailing stop loss, trailing take profit, and virtual stop loss
• Time filter, NFP news filter, and market close protection
• Configurable daily loss limit for prop firm style risk control
• Balance-based strategy zone activation

Recommended Settings

• Pair: XAUUSD (Gold)
• Timeframe: H1
• Platform: MetaTrader 5
• Minimum Balance: 250 USD
• Account Type: Hedging (ECN or RAW recommended)
• Leverage: 1:100 or higher
• VPS: Strongly recommended for stable operation

Advantages

• Removes the need for constant screen monitoring of gold structure
• Consistent rule-based execution without emotional decisions
• Diversification across multiple independent strategies on one chart
• Every trade starts with clearly defined risk
• Built-in filters for weaker hours, NFP events, and market close
• Suitable for smaller accounts when risk is set conservatively

Disadvantages

• Specialized only for XAUUSD H1 and not multi-pair
• Performance depends heavily on broker spreads, slippage, and execution quality
• Requires a hedging account and preferably ECN/RAW conditions
• Incorrect risk settings or unstable connection can increase drawdowns
• Breakout strategies can face consecutive losses in ranging or false-breakout markets
• Past backtest or live results do not guarantee future performance

Support & Disclaimer

Support:

If you need help installing or Downloading or configuring your EA , or face any kind of bug, feel free to reach out on:

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn’t guarantee future results. Always test robots on demo before live trading and use proper risk management.