VR Lollipop is an automated Trend EA created for MetaTrader 4 and MetaTrader 5 platforms. It is designed to trade based on current market trends using several built-in strategies and risk management tools. The EA is built to analyze market movements and gradually increase trading positions in the direction of the trend.
The main idea behind VR Lollipop MT5 is trend trading with position scaling. The EA opens trades in the direction it identifies as the main market trend. As the trend continues, it adds more positions while trying to manage risks. A notable feature here is the breakeven function. This means that once a position has moved a certain way in profit, the EA adjusts the stop loss so that the trade shouldn’t close with a loss. This is referred to as putting the position in “safe mode.”
Features of Trend EA
- Floating Trailing Stop – Instead of using a standard trailing stop that follows price movement by a fixed number of points, Trend EA uses a “floating trailing” method. This method adjusts the stop loss based on percentage movements in price. This strategy is meant to prevent trades from closing too early during small price pullbacks, allowing them to stay open longer and potentially capture larger trends.
- Trading Cycle Method – A notable part of the EA’s design is its cycle-based trading. A cycle is a period where EA opens trades and manages them until they reach a breakeven point or are closed with profit. Only once all positions are either safe or closed, the EA begins a new cycle. This structure is intended to keep trading sequences organized and rule-based.
- Paired Position Strategy – VR Lollipop MT4 also uses a strategy called “paired trading.” It starts by opening two positions in opposite directions (buy and sell). Then it analyzes the market. The trade that goes against the trend is closed, and the one following the trend is left open. The purpose of this setup is to choose the trade that better aligns with the market direction while limiting early losses.
- Customization and Market Adaptation – The EA comes with various adjustable settings that let users change how it behaves based on the financial instrument being traded. This could include changing how aggressively it trades, the size of trades, or how it handles risk.
- Dashboard – The platform features an advanced dashboard that displays trading information.
- Alerts – It also includes a notification system that can send alerts through mobile, email, Telegram, or directly on the trading platform.
Recommendations
- Minimum account balance of 1000$.
- Works Best on EURUSD, GBPUSD, AUDUSD, USDCHF, EURGBP, USDJPY, AUDUSD, USDCAD, EURUSD, GBPUSD, NZDUSD, USDJPY, BTCUSD, and XAUUSD
- It works best on the H1 TimeFrame.
