When it comes to automated trading, finding an Expert Advisor that truly understands market rhythm can be a challenge. Enter VR Lollipop EA, version 23.93 for MetaTrader 4—a trend-following powerhouse with built-in safety nets that make risk management feel almost effortless. In this deep dive, we’ll unpack exactly how VR Lollipop EA works, explore its unique technologies like floating trailing and cycle trading, and walk you through every setting you’ll need to hit the ground running. By the end, you’ll know whether this MT4 expert advisor deserves a place on your demo or live account.


What Is VR Lollipop EA?
At its core, VR Lollipop EA is a specialized forex EA designed to spot and ride market trends while keeping drawdown under control. Unlike many grid or martingale systems that gamble on price retracements, VR Lollipop focuses on momentum—gradually scaling positions in the direction of the main trend and transferring trades to a “safe mode” via a breakeven function. That means once your trades hit a specified breakeven point, the EA moves your stop loss to the entry price (or better), locking in risk-free positions before considering new entries. It’s clever, it’s adaptive, and it’s surprisingly user-friendly—coz the default settings are already optimized for a 5-digit broker.




Core Strategy & Unique Technologies


1. Floating Trailing
Traditional trailing stops move by fixed points, often closing out winners too early during normal price noise. VR Lollipop’s floating trailing, however, calculates the stop-loss shift as a percentage of price movement. If EURUSD drifts 0.5%, the stop moves in step—no more getting shaken out by tiny retracements. This approach keeps positions alive until the main trend really cools off, so you capture more profit in strong moves. It’s kinda nifty tho, and you’ll appreciate how it preserves winners.


2. Cycle Trading
A “cycle” in VR Lollipop parlance refers to the sequence from opening a paired position to locking in profit or securing breakeven. The EA won’t start a new cycle until all prior trades are closed or risk-free, enforcing disciplined trade management. That cyclical discipline means you won’t have overlapping batches of orders muddying your performance.


3. Paired Position Logic
Every trade series kicks off with two opposite orders—one buy, one sell. As soon as price clearly favors one direction, VR Lollipop closes the “wrong-way” position and lets the winner run. This dual-order tactic provides a built-in hedge at entry and filters out choppy moves from real trends.



Trading & Lot Calculation Settings


Spread Filter
• Max Spread (points): Set to “0” to disable, or pick a threshold (e.g., 20) so the EA pauses when spreads widen beyond your comfort zone.


Lot Calculation Types
• Fixed Lot: Enter a standard lot size (e.g., 0.01). Great if you prefer consistent exposure.
• Percentage Lot: Define a percent of your account balance (e.g., 5%). The EA auto-calculates lot size based on equity—no manual math.
• Balance-Based Lot: Use “Balance for Minimum Lot” to set deposit ÷ X = multiples of minimum lot. Handy if you want position sizes to scale neatly with your account size.


Advanced Controls
• Initial Lot: Your starting lot (recommend 0.02–0.05 on a 5-digit broker).
• Lot Multiplier: Set to 2 (minimum 1.1) to automatically expand positions against the trend.
• Lot Reduction: Specify how much to shrink lots on subsequent trend trades for a more conservative staircase of orders.




Profit & Breakeven Settings


Distance Calculation
Choose how the EA spaces out orders against the trend:
• Points – fixed pips.
• Percentage – based on the last trade’s entry price.
• Bollinger Bands – uses volatility bands for dynamic spacing.
• Average Bar Size – average High–Low of past N bars.


Key Parameters
• Distance Value: Your chosen unit for the above method.
• Profit to Plus (points): After averaging price across risky positions, add X pips before closing.
• Breakeven (points): How many pips in your favor turns a trade into “safe mode.” Only after breakeven will the EA open fresh pairs.


New Bar Filter
Limit order frequency by timeframe: e.g., “H1” ensures only one pair per new hourly candle.



Trailing Stop & Money Management


Trailing Stop Types
• Manual: EA only shifts SL to breakeven; you manually manage further trailing.
• Dynamic: Based on Potential Trend Size and a percentage formula, the EA smoothly drags stop losses along as price moves.
• Global Trailing: A classic trailing algorithm moving all risk-free SLs together—ideal as a final safeguard.


MM Controls
• Close All on Profit/Loss: Specify a total P/L threshold (e.g., 50 pips or –50) to force full-cycle exits.
• Post-Close Action: Decide whether to halt trading after a full-cycle close or simply reset and continue.



Notification & Miscellaneous Settings


Alerts
• Push notifications to your smartphone or MT4 terminal.
• Email alerts if you want detailed trade reports.
• Telegram channel postings via Bot Token—set your channel name and token, and you’ll get trade updates in real time.


Magic Number & Slippage
Assign a unique Magic Number to isolate VR Lollipop orders from others in your account. Set Slippage to tolerate broker execution variability.



Backtesting & Demo Testing


Before going live, the devil’s in the details—so install the demo version on a demo account and let it run through at least a week of market sessions. VR Lollipop EA’s equity curve in backtests shows smooth, upward bias with tight drawdowns (typically under 5%); live-market results echo these findings, proving the algorithm isn’t just curve-fitting. Check out the [blog] for screenshots and video walkthroughs to see it in action.



Why Choose VR Lollipop EA?




  1. Adaptive Trend Riding: Floating trailing and cycle discipline help you capture big moves without getting shaken out by noise.




  2. Built-in Safety: Breakeven and global trailing stops work behind the scenes so you don’t have to babysit every trade.




  3. Flexible Sizing: From fixed lots to percentage-based scaling, this EA fits micro accounts and larger balances alike.




  4. Notifications: Stay on top of trades via MT4, smartphone push, email, or Telegram—whichever suits your style.





Trading doesn’t have to be a guessing game or a grind. With VR Lollipop EA version 23.93 on MT4, you get a robust, flexible system that’s been rigorously tested and refined. Plug it in, tweak a couple of parameters if you wish, and let it manage the heavy lifting—coz that’s what Expert Advisors are for. Ready to elevate your automated trading? Give VR Lollipop a spin on demo first, then consider a live rollout when you’re confident. Happy trading!


 


 


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