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VR Lollipop is an MT4 expert advisor for trend trading. It opens a pair of opposite trades, keeps the one that follows the trend, adds to it in steps and manages exits with breakeven and a percentage-based trailing stop.
Get one message the moment it launches, with its price.
VR Lollipop is an expert advisor for MetaTrader 4 that trades with the prevailing trend. It works in repeating cycles: it opens a pair of opposite positions, drops the one that goes against the market, and builds on the one that moves in the trend direction.
Each cycle begins with two opposite market orders. As the market moves, the EA judges the current trend and closes the position that is working against it. It then adds further positions in the trend direction. Positions are moved to a protected state when the stop loss reaches the breakeven area. A new cycle starts only after the open positions have been closed or secured in this way.
Instead of a fixed distance in points, the trailing stop is calculated as a percentage of price movement. The aim is to avoid closing a position because of a minor pullback, so that positions can stay open while the larger move continues. The stop still follows price once the trend turns, and a stop loss can be hit at a loss in fast or reversing markets.
The EA can be attached to any symbol available in your MT4 terminal, but trend-following behaviour varies a lot between instruments. Check the timeframe and symbol recommendations from the author, then test each symbol you plan to use rather than assuming one setup fits all.
The inputs are grouped into blocks. The main ones are listed below. Exact default values depend on the build you receive, so read the input tab after attaching the EA instead of relying on memory.
| Setting | Purpose |
|---|---|
| Maximum spread | Pauses trading while the spread is above the limit; zero turns the filter off |
| Lot calculation type | Fixed lot, percentage of balance, or volume based on a chosen deposit amount |
| Initial lots | Starting volume of a series |
| Lot multiplier | Controls how volume grows between positions |
| Lot reduction | Gradually reduces volume of positions in the trend direction |
| Minimum lot | Lower volume limit for trend positions |
| Breakeven calculation method | Chooses how the breakeven distance is set, for example in points or as a percentage |
Adding to positions and using multipliers can increase exposure quickly. Choose lot settings in proportion to your balance, and check the margin your broker requires before running the EA.
Trading carries risk and you can lose some or all of your capital. Past results do not predict future ones. Test on a demo account and in the strategy tester before using real money.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor, .ex4) |
| Strategy focus | Trend |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, fully automated |
| Trade style | Trend following with position scaling and trailing |
| Markets | Forex and other symbols your MT4 broker offers; test per symbol |
| Timeframes | Set in the EA inputs; check and test before going live |
| Lot modes | Fixed, percent of balance, deposit-based |
| Exit management | Breakeven plus percentage-based trailing stop |
| Requirements | MT4 terminal, algorithmic trading enabled, stable connection or VPS |
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This listing is for MetaTrader 4. An MT5 build exists as a separate product, and files for the two platforms are not interchangeable, so make sure you install the MT4 one in an MT4 terminal.
Extract the download, open your MT4 terminal, choose File, then Open Data Folder, and copy the expert file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart and enable algorithmic trading in the toolbar and in the EA properties.
There is no single correct setup. Start with the lot mode that matches your risk plan, check the spread limit and the breakeven method, and compare your values with the author's recommendations. Run the EA in the strategy tester and on a demo account first, because suitable values depend on the symbol and broker.
The EA manages open trades continuously, so the terminal needs to stay running with a stable connection. A VPS is a common way to achieve this, but it is not strictly required.
It runs on any broker that supports MT4 and expert advisors. Spreads, execution speed, stop levels and hedging rules differ between brokers and can affect how paired opposite trades behave, so check these with your broker and test on a demo account.
No result can be promised. Trading carries risk, you can lose part or all of your deposit, and past results do not predict future ones.
VR Lollipop
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