Home Forex Service Review Lolipop Forex Expert Advisor Review

Lolipop Forex Expert Advisor Review

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Lolipop EA, created in December 2019 by developer Denys Semenov, is a new neuronet based EA. It is a multi-currency EA and can trade simultaneously in the 3 recommended currency pairs, USDCHF, EURUSD, and USDJPY.

Overview

Lolipop EA can be traded in any time frame. All currency pairs can be traded, but preferably AUDUSD, EURUSD, GBPUSD, USDCHF, USDJPY, and USDCAD.
The EA also adds indicator filters that can be used as additional filters in the EA.
According to some users of this automated system, this EA is characterized by making small gains and significant losses.

Features of Lolipop EA:

Trading Pair – Trading pairs that can be traded. In this section, the user will write the pair that he wants to use.

Fixed batch size – Batch size. If you choose 0.0, it will be traded in the parameter below (Lot as Percent).

Lot as Percentage – Lot size in percentages of the tank you use.

Take Benefit – Take Size Benefit.

Stop Loss – Stop Loss Size.

Final stop – Final step size when 0 – will disable the completion option.

Filter – Slow/fast crossing EMA, MACD, Osma, and envelopes.

Seed up – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Seed down – Error tolerance when opening a purchase order on a signal. In summary, the lower the value, the more selective EA will be in signals and trade with more precision, but more slowly. In percentages.

Multy up – The parameter that comes before the result/number that is given to the signal. For further optimization.

Multy down – The parameter that comes before the result/number that is given to the signal. For further optimization.

Monday trading time – Negotiation time for Monday.

Friday trading time – Friday time.

Max spread – Maximum extension on which EA will work.

Order magic number – Magic Number. Always change the magic number if you want to use several Eas in different pairs.

Service Cost

The EA can be purchased on the MQL market for 79 USD. The creator has provided a free demo version which allows the expert advisor to be tested beforehand.

Conclusion

In conclusion, we are talking about an automated system that still has very little time on the market and that probably needs to mature. Today the users of this robot emit negative comments because the robot is giving negative returns. This can be seen in the accounts that the developer has and that can be consulted to see the results of the robot, and indeed the EA has negative profitability to date.

This developer has other EAs on the MQL5 market with very good ratings. For example, the EA called Lolipop MT5, so we think it is reasonable to expect new updates of this EA to see if they improve the results as it is still too early to make a review.

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