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VR Lollipop MT5

2.33

Make profits grow is the main strategy of the VR Lollipop robo trader. Trading along the trend, adding positions along the trend, transferring positions to the no-loss direction and cutting losses as fast as possible, – these were the principles behind the trading strategy of the VR Lollipop robot. Trend-following trading, combined with dynamic trailing stop, picks up all trend movements as efficiently as possible. The robo trader places real Stop Loss and Take Profit levels. Even when using virtual levels, Stop Loss and Take Profit serve as additional safeguards and a means of hiding the actual closing levels of positions.

You can find settings, set files, demo versions, instructions, problem solving, at [blog]
You can read or write reviews at [link]
Version for [MetaTrader 4]

The robo trader operates in cycles. Cycle is the moment when the program starts operating, when there are absolutely no positions previously opened by the robo trader, or when all positions have been transferred to no-loss, and the moment when all positions are closed or transferred to no-loss.

The robo trader starts the cycle by entering the market simultaneously with two positions of the same volume, one position to buy, another position to sell. VR Lollipop always operates in two different directions. When the price moves within the distance specified in the settings, the first thing the robot does is to move the position along the trend into a no-loss position. After the robot has moved the position to a no-loss position, the robot opens a new pair of positions. Depending on what settings have been set by the user, for counter-trend positions the lot may increase, and for trend positions the lot may both increase and decrease. Following several cycles of the VR Lollipop robo trader, on a financial instrument, the trader has several profitable positions transferred to the no-loss. Positions that have a real level without a loss are processed by a separate dynamic trailing stop algorithm.

The dynamic trailing stop, unlike the classic trailing stop, is smoother and trails the Stop Loss more smoothly, so positions are not closed early in the trend. The robo trader was developed in conditions as close to real as possible, so in the strategy tester the robot does not show reliable information.

The further stage of VR Lollipop operation is the analysis of opened positions along the trend and against the trend. If there are more than two positions against the trend, the robo trader calculates the total average price using such a formula to compensate for the loss of the last position against the trend which doesn't have no-loss. With a small backward movement against the trend, the robot closes positions that do not have no-loss with a small profit, while in the market, there remain positions with the stop loss moved to the no-loss zone. By repeating these cycles several times, VR Lollipop accumulates a large number of positions with no-loss in the direction of the trend.

What happens to positions with a stop loss set to no-loss.

The robo trader has a built-in no-loss management function for such positions. This feature is very similar to the classic trailing stop, when the robot pulls up the Stop Loss following the current price at a fixed distance. In the VR Lollipop robot, the trailing stop is modernized and works separately for each position. For the robo trader I created an upgraded trailing stop, which works according to a special formula calculated on the basis of the percentage. This is designed not to close positions which are transferred to no-loss at the slightest pullback. That also allows to accumulate a large number of positions and not to break them before the time.

I have several positions accumulated in profit, can I close them manually?

Yes, positions with a Stop Loss moved to the breakeven zone can be closed manually. I recommend not to do this, so that VR Lollipop itself closes all its positions. Let profits grow, don't rush to close profitable positions.

How to manage funds?

I recommend not saving large amounts of funds in an account. In the case when your deposit is increased withdraw your start-up capital. When trading using the robot, use only the capital that you can lose.

How to reduce risks when trading with this robot?

The first thing to do is to test the robot on demo accounts with the same conditions with which you are going to trade on real accounts. The second is to give the robot only the amount of funds that you are ready to lose. The third is to regularly withdraw earnings.

Settings of the robo trader (The default for a 5-character broker)

  • Trading settings - Basic settings of the robo trader
  • Type of trading levels (real levels or virtual levels) - Real or virtual StopLoss and Take Profit levels trading type
    • Real Take Profit and Stop Loss levels - the robo trader sets the actual real StopLoss and Take Profit levels, these levels are used to close positions.
    • Virtual Take Profit and Stop Loss levels - the robo trader sets the actual virtual levels of Stop Loss and Take Profit; it is at these levels the positions are closed, the robo trader adds simulated real levels, for insurance, to mislead dishonest brokers.
  • * Maximum allowable spread (0 - Disable) - Maximum allowable spread for the robo trader. If the actual spread on a financial instrument is larger than the specified spread, the robo trader will stop and wait for a favorable spread.
  • Lot calculation settings - Trading lot calculation settings
  • Initial lots - Initial starting lot. If all positions are closed or transferred to no-loss, the value specified by the user is used to open a pair of positions.
  • Lot reduction (0 - Initial lots) - Size of the lot by which the next trade order will be reduced along the trend. If you set a value with a minus sign (-), then the next trade order will be increased by the value specified in the setting. (0 - Disabled)
  • Lot multiplier (0 - Disable) - The lot multiplier to increase the lot size against the trend. (0 - Disable)
  • Position step settings - Settings for calculating the step between pairs of positions
  • * Step up to the next position (Points) - Step in points between positions
  • New Bar (Select the timeframe for the New Bar) - Opening positions with the appearance of a new bar (Disable)
    • Disabled
    • Current period
    • 1. minute
    • 1. week
    • ...
    • 1. month
  • Profit settings - settings of profit taking
  • * Profit to the Plus (Points) - Minimum profit value in points when closing a group of positions
  • * Breakeven (Points) - The minimum value in points to create a no-loss position
  • Trailing stop settings - StopLoss trailing price settings
  • Trailing stop type - Trailing stop type
    • Disabled - manual mode - in this mode the trader himself sets and moves StopLoss manually (For experienced traders)
    • On the Donchian channel - the mode of moving along the Donchian channel - in this mode StopLoss follows the price along the reverse line of the Donchian channel
    • On the Bolinger Bands - the mode of moving along the Bolinger Bands indicator channel - in this mode StopLoss follows the price along the reverse line of the Bolinger Bands channel
    • Dynamic - dynamic trailing stop mode - in this mode the trailing stop works according to a complex percentage mathematical formula. (Recommended)
  • Indicator parameter 1 (Donchian, Bollinger period) - Setting indicators for trailing stop. Donchian period if On the Donchian channel is selected, Bolinger period if On the Bolinger Bands is selected
  • Indicator parameter 2 (Bollinger Deviation) - Setting the deviation if On the Bolinger Bands is selected
  • * Trailing Stop Size (For Dynamic Trailing) (Points) - Size of the expected trend in points. The user sets the expected size of the future trend or measures the size of the previous trend and enters the value in points. This value can be from 1000 points to 20,000 points for Forex.
  • Maximum % Trailing Stop (For Dynamic Trailing) - The maximum percentage of trailing stop fixation. If the price has passed the specified amount of the expected trend, so that the position is not knocked out early with no-loss, the robo trader does not pull up the trailing stop by more than the percentage specified in the setting. Example: The trader has specified an implied trend of 10,000 points and Maximum % Trailing Stop equal to 90. The price passed 9,900 points, a small movement will immediately remove the profitable position from the market, so to prevent this and keep the position working with a trailing stop, the robo trader blocks the pulling of StopLoss at 90%. In this case the trailing stop will be at 9000 points. If the price moves further, the balance of 90% will be maintained. The price passed 20,000 points, trailing stop will be at 18,000 points.
  • MM Settings - Balance Management Settings
  • Close all positions with profit (50) (0 - Disable) - The setting to close all positions when the specified profit in the deposit currency is reached. Example: The trader has specified 50, as soon as the amount of unfixed profit is at least 50, the robo trader will automatically close all open positions. (0 - Disable)
  • Close all positions with a loss (-50) (0 - Disable) - Setting to close all positions when a specified loss in the deposit currency is reached. Example: The trader has specified - 50, as soon as the amount of unfixed loss is equal to - 50 or less, the robo trader will automatically close all open positions. (0 - Disable)
  • Expert actions after closing all positions - the setting specifies further actions of the robo trader after closing all positions by the amount of profit or loss.
    • Close all positions and Full stop trading - This setting completely stops the work of the robo trader until the next restart of the robo trader by a trader.
    • Close all positions and Continue trading - This setting allows the robot to continue trading after all positions have been closed.
  • Trading positions with profit to stop (0 - Disable) - The setting stops the robo trader when the account has a specified amount of positions transferred to no-loss. Example: The trader has set the value of 5, after the robo trader operated on the account, there are 5 positions left, all with no-loss in profit, there are no other trading positions, in this case the robo trader will stop its operation. Then it is up to the trader to decide what to do with the positions.
  • Other settings - other settings of the robo trader.
  • MagicNumber - A unique number identifying the positions, by which the robo trader distinguishes its positions from the positions of another robot or positions opened by the trader manually. Possible variants (0 - not recommended) - at 0, the robo trader will pick up positions opened manually by trader. (- 1 - not recommended) - the robo trader will pick up absolutely all positions on the trading account. (Value greater than 0 - recommended) - the robo trader will operate only with its own positions.
  • * Slippage - The slippage setting sets the possibility of accepting a trade order by the server in the range of prices from the current price. That is, the robo trader sent an order at a price of 1.23456; while the order reached the broker's server the price changed and became 1.23458. The trading server cannot accept the order because the price has changed and returns a requote to the robot. To avoid this, slippage parameter is set, and the server will accept a trade order in the price range of 1.23426 - 1.23488.
  • Commentary on positions - Commentary on positions
  • The size of the settings marked with an * - A footnote indicates that the parameter depends on the type of broker prices
  • Number of characters after (.) 5 - If the broker has prices in the format of 5 characters then the settings are 10 times larger
  • Number of characters after (.) 4 - If the broker has prices in the format of 5 characters, then the settings are 10 times less
  • !!! Experimental function !!! - Experimental functions and settings
  • (Only at Real levels) Remove the Expert Advisor from the chart (For - Trading positions with profit to stop) - The setting will remove the robo trader from the chart when executing settings (Trading positions with profit to stop)
  • Requote break - Setting a delay in sending trade orders to the broker's server. In case your broker often gives out requotes, you should increase this setting. The recommended range is 100-1000
Reviews 11
maxim_g
81
maxim_g 2024.03.13 21:21 
 

Vladimir vielen Dank für diesen sehr guten EA, mit deinen Einstellungen läuft der Roboter wirklich sehr gut und vorallem sehr profitabel. Auch danke für deine Youtube Videos wo du alles genau erklärst, das hilft mir sehr weiter. Danke auch für die möglichkeit in deiner Telegram Gruppe dabei zu sein da bekommt man auch sehr viele Informationen. Und alle die diesen EA schlecht Bewerten haben einfach keine Ahnung oder haben sich nicht mit dem Roboter richtig befasst.

Andrey Shvecov
389
Andrey Shvecov 2022.12.24 17:33 
 

Отличный советник, уникальная торговая стратегия, спасибо автору за продукт и хорошую техническую поддержку, очень общителый автор. Желаю дальнейшего развития, продолжаю торговлю данным советником, все хорошо.

Дополнение 28.10.2023г. Советник по прежнему отлично работет!

Дополнение 25.02.2024г. Советник по прежнему на высоте, жду обновление.

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Strategy Introduction The EA will find the best entry and exit points based on the data trained by the neural network and the current market trend. It includes multiple loss exit strategies to ensure capital safety. Because the market is full of uncertainties, it is impossible to enter at the most ideal point every time. Our EA uses a unique batch entry method, adding up to 5 entry points. Even occasional misjudgments can quickly recover subsequently. Each order has a fixed stop loss (SL) and t
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Eduard Nagayev
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Chen Jia Qi
5 (6)
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Ho Tuan Thang
5 (30)
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Marzena Maria Szmit
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Bogdan Ion Puscasu
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Bogdan Ion Puscasu
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Stanislav Tomilov
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Gregory Hay
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Welcome to   GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller **V3.0 Update Read Blog :  https://www.mql5.com/en/blogs/post/756411 Live $1K Start Now $15K (Risk Setup 5 -3 -15) :  https://www.mql5.com/en/signals/2133201 Live ICMarkets Account    (Risk Setup 5 -3 -15)   :  https://www.mql5.com/e
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Stanislav Tomilov
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Chen Jia Qi
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Bogdan Ion Puscasu
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Introducing   Quantum Trade EA , the groundbreaking MQL5 expert advisor that's transforming the way you trade the prestigious GBPUSD pair! Developed by a team of experienced traders with trading experience of over 13 years, Quantum Trade   EA is designed to propel your trading journey to new heights with its innovative and dynamic breakout zone strategy. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Buy Quan
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Profalgo Limited
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Babak Alamdar
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AI NeuroX EA is an innovative trading advisor based on advanced artificial intelligence technologies, including neural networks and the Perplexity and GPT-4 platforms. This advisor has a unique ability to analyze and predict the dynamics of financial markets using deep learning and advanced algorithms. Thanks to the intuition that even the most experienced traders would envy, AI NeuroX EA is capable of developing unprecedented trading strategies, ensuring excellent performance. This advisor oper
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Guillaume Duportal
4.92 (38)
Darwin SWING Launch price 999 USD , future price 1490 USD DESCRIPTIONS: -- To understand how it works, come read the blog (This EA reflects my philosophy of forex trading...If you like the way I look at it, then you will like my EA. Take the time to do it! (Forex is not a race): https://www.mql5.com/en/blogs/post/745790 -- To see the past performance here are the links of the signals Live and demo signals: https://www.mql5.com/en/users/tradedeal/seller EXPLANATION: After t
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Lachezar Krastev
4.88 (49)
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Marco Solito
5 (40)
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for   Scalping   Trading on   Eurusd . This Expert Advisor is based on the latest generation of   algorithm  and is highly customizable to suit your trading needs. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated   algorithm  that allows it to   identify   and   follow m
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Filter:
maxim_g
81
maxim_g 2024.03.13 21:21 
 

Vladimir vielen Dank für diesen sehr guten EA, mit deinen Einstellungen läuft der Roboter wirklich sehr gut und vorallem sehr profitabel. Auch danke für deine Youtube Videos wo du alles genau erklärst, das hilft mir sehr weiter. Danke auch für die möglichkeit in deiner Telegram Gruppe dabei zu sein da bekommt man auch sehr viele Informationen. Und alle die diesen EA schlecht Bewerten haben einfach keine Ahnung oder haben sich nicht mit dem Roboter richtig befasst.

Vladimir Pastushak
90025
Reply from developer Vladimir Pastushak 2024.03.13 23:00
Thank you very much.
knodit
221
knodit 2023.02.24 15:06 
 

User didn't leave any comment to the rating

Vladimir Pastushak
90025
Reply from developer Vladimir Pastushak 2024.03.13 23:00
Thank you very much.
Andrey Shvecov
389
Andrey Shvecov 2022.12.24 17:33 
 

Отличный советник, уникальная торговая стратегия, спасибо автору за продукт и хорошую техническую поддержку, очень общителый автор. Желаю дальнейшего развития, продолжаю торговлю данным советником, все хорошо.

Дополнение 28.10.2023г. Советник по прежнему отлично работет!

Дополнение 25.02.2024г. Советник по прежнему на высоте, жду обновление.

Jürgen
489
Jürgen 2022.11.24 11:34 
 

Attention: Grid system with bad mathematics!

Paulo Vinicius Ferreira Da Fonseca
141
 

Hello you can send me set files, I buy this today

eetisalat
165
eetisalat 2022.10.27 20:47 
 

User didn't leave any comment to the rating

aware123
52
aware123 2022.10.22 13:44 
 

Because of this EA, all my margins were gone............

Shady Shata
1445
Shady Shata 2022.10.15 02:21 
 

no bonus,I tried a lot the test had to end horribly , bad! If the programmer improves, the rating will change

Liu Ying Pei
1742
Liu Ying Pei 2022.10.14 11:17 
 

no bonus, no set file, no reply, bad!

vankova
29
vankova 2022.10.12 11:07 
 

User didn't leave any comment to the rating

Vladimir Pastushak
90025
Reply from developer Vladimir Pastushak 2022.10.12 12:13
Спасибо, работаю над улучшением.
GoodMorningg
525
GoodMorningg 2022.10.09 21:23 
 

User didn't leave any comment to the rating

Vladimir Pastushak
90025
Reply from developer Vladimir Pastushak 2022.10.09 21:25
Благодарю, уже работаю над обновлением!
Reply to review
Version 24.41 2024.04.08
Fixing division by zero error
Version 24.40 2024.04.05
Fixed a situation where there was one unclosed order left
Added a button that stops the trading robot from working as is
Added information about drawdown, calculated relative to the current balance
Version 23.93 2023.09.30
Minor fixes and improvements.
Version 23.92 2023.09.29
Corrected:
In some cases, the advisor left positions in profit and stopped trading.
In some cases, incorrect calculation of lots occurred.
In some cases, the advisor started trading in the opposite direction by making incorrect mathematical calculations.

Added:
Dynamic trailing along the Donchian channel;
Dynamic trailing using the Bolinger channel;
Displaying profit for a position without loss. The profit that will be received if the position is closed without a loss is considered.

Reworked:
The virtual trading mode has been completely rewritten. Now the expert does not use global variables; all calculations are done after trading.

Optimized:
Massive code optimizations.
Speeding up the trading algorithm in the strategy tester.
Version 23.72 2023.07.21
The name of the financial instrument has been added to the information panel
Fixed display of settings in the settings info panel
Fixed accidental closing of positions when launching the EA in virtual mode
Version 23.71 2023.07.13
Important update
Fixed issue with MagicNumber
Version 23.70 2023.07.13
The default settings are for brokers with five digits.
In this update, a major optimization of the main trading algorithms has been carried out.
Improved and optimized algorithm for opening positions.
Improved and optimized trailing stop algorithm.
Improved performance for the strategy tester by disabling all graphical objects.
A lot of time was devoted to optimization and operation of the EA in virtual and real modes.
Improved operation of the trading robot on metals.
To get the most accurate results, I recommend testing the adviser on demo accounts.
Version 23.64 2023.06.16
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Version 23.63 2023.06.16
Changed:
Default settings - the spread parameter is set to 0, previously many traders ignored the setting and the trading robot did not work on metals.
Fixed zero divide error appearing in some rare cases.
Fixed period selection setting for a new bar. Previously, in MT 4 it was possible to select a non-existent period.
Changed and redesigned set settings files
Version 23.62 2023.06.14
Исправления:
Закрытие позиций при отрицательном профите - в предыдущих версиях настройка не работала.
Version 23.61 2023.06.12
The trading robot is completely rewritten:

Before updating, I recommend saving the previous version in a separate directory

The trading strategy has been modified and improved - in previous versions, the trading robot closed all positions en masse, in the new version, the trading robot analyzes the size of the future profit and closes positions of a certain type. The remaining positions are either transferred to no loss or closed by Stop Loss. Closing by Stop Loss and closing a group of positions in total gives a profit.

Improved position opening - in previous versions it could crash due to requotes.

Added trading mode with real levels - in previous versions there was only a virtual mode with a real stop loss. In newer versions, non-real real levels have been added for virtual mode. Closing and modification of positions occurs much earlier than the price reaches real levels. In the event of an emergency situation, real levels will be additional protection. The second mode with real levels of Take Profit and Stop Loss.

Added a restriction on the work of the Expert Advisor on the spread, if the spread is greater than specified in the settings, the trading robot does nothing.

Added protection against all sorts of non-standard behavior of a trader - checking for the type of trading account. (Hedge accounts only) Check to see if Auto trading is enabled.

The window for displaying settings on a chart has been redesigned, now it is more compact.
The window for displaying profit and loss information has been redesigned - now the window does not work in the strategy tester, so as not to create an additional load on the trading robot.

Improved lot calculation - in previous versions for brokers with lots of 0.0001 type there could be problems.
Improved the choice of trading on a new bar - in previous versions, the trading robot took into account the new bar of the trading period to which it was originally attached, in the new version, you can specify the period of the new bar and when changing the period on the chart, the trading robot follows the trader's settings.

The calculation of compensation for losses from swaps and commissions has been significantly improved - - in previous versions, the compensation did not cover all expense write-offs.
Significantly improved calculation of the profit-taking parameter when closing a group of positions
Significantly improved calculation without loss of positions
Significantly improved dynamic trailing stop calculation

Added experimental features:
Removal of the Expert Advisor from the chart in case of complete closing of all positions by total profit or total loss. Only for trading in real mode levels.
Delay between sending trade orders in case of frequent requotes (Requote break)

Other improvements and code optimizations of the User Posts Expert...
Version 23.30 2023.03.23
Correction:
Example: earlier, if the last lot was 2 and the lot decrease along the trend was 3, then a position was opened with the minimum possible lot. Since 2-3=-1.
Now the position will be opened by the lot of the last trend position, lot 2
Version 23.12 2023.01.24
Minor fixes and optimization.
Version 23.11 2023.01.23
Fixed:
Displaying the period in the tester report.
EA work with lots less than 0.01

Added:
Checking for account type hedge and netting. The Expert Advisor cannot work on Netting accounts.
Displaying the amount of closed profit when closing several positions at the same time.
Version 22.122 2022.12.24
Исправления и оптимизация..
Version 22.121 2022.12.20
Corrected:
Show comments.
Unlocked settings for optimization
Version 22.120 2022.12.20
The advisor has been completely rewritten.
The Expert Advisor code has been heavily optimized, massive performance and speed improvements have been made.
Added the ability to see the adviser settings if you hover the mouse over the name of the adviser.
Added reports when testing an adviser, the report helps to determine the quality of the settings specified during testing.
Version 22.102 2022.10.17
Small improvements
Version 22.101 2022.10.17
- Fixed ProfitPlus parameter, previously it could be set with floating point.
- Fixed "Error adding symbol: 4059" error for MetaTrader 4
- The Decrease Lots parameter can now also work for increasing the lot. To do this, specify a value in the format -0.01
- Added setting Trade stop profit positions (0 - Dont work) - Allows you to stop opening positions if there is a specified number of positions with a stop loss at no loss and there are no other positions
Example: Trade stop profit positions (0 - Dont work) = 3, after there are 3 positions at no loss and no more positions, the EA will no longer open positions.
- Now it is possible to format comments to positions using masks, for a comment it is possible to specify no more than three masks, separated by a space, at a time
%eaname% - Displays the advisor's name
%magic% - Displays the magic number of the adviser
%balance% - Displays the account balance at the time of opening a position
%equity% - Displays the equity of the account at the time of opening a position
%totpos% - Displays the number of positions by type at the time positions were opened
%typpos% - Displays the position type
Example: %eaname% %typpos% %magic%
Result: VR Lollipop Buy mn-1
Example: %eaname% %balance% %equity%
Result: VR Lollipop bl1023.23 eq1563.36

- Added settings for stopping trading by profit and loss
Close all positions at rofit (50) (0 - Dont work) - Profit amount to close all positions
Close all positions at loss (-50) (0 - Dont work) - Amount of loss to close all positions
Expert Advisor actions after closing all positions - The type of adviser operation when all positions are closed by profit or loss.
Full Trading stop - Full stop of the adviser without resuming work
Closing all positions and continuing trading - Resuming the work of the adviser after the complete closure of all positions