Question 1

What type of strategy does Lizard Scalper Pro MT4 use?

Accepted Answer

It is a counter-trend scalping system that uses Bollinger Bands (15-period, deviation 2.0) to identify overextended price movements and trades against the trend, primarily during Asian and NY sessions.

Question 2

Is it safe to use?

Accepted Answer

Yes. It uses fixed Stop Loss (123) and Take Profit (117), limits to 1 open order, and avoids grid, martingale, or high-frequency trading. The risk is moderate when using 5% risk.

Question 3

Is it suitable for beginners?

Accepted Answer

It can be used by intermediate traders. Beginners should start with a small risk (2–3%) and test thoroughly on a demo account.

Question 4

Can I change the trading hours?

Accepted Answer

Yes. Adjust Fixed Start Hour and Fixed Stop Hour according to your broker’s GMT offset.

Question 5

Which pairs work best?

Accepted Answer

It is specifically optimized for EURCHF, GBPAUD, GBPCHF, and GBPCAD. Performance may vary on other pairs.

Question 6

What is the risk level?

Accepted Answer

Low to Medium — thanks to fixed SL/TP, single order limit, and strict spread/slippage control. The default 5% risk is reasonable.

Lizard Scalper Pro EA MT4Premium

Before You Start