Recruitment of participants VR Lollipop MT4 v24.41 + set (no DLL)

VR Lollipop MT4 v24.41 + set (no DLL)



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.



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

NoDLL/Unlimited