For future reference since no one seemed to have the correct answer, all I needed to do was to install kmod-leds-gpio kmod-ledtrig-usbdev in my build. Not sure if I need both but one or both allow me to control the LED.

Also, yes, there is a RED led, it is the WLAN.

Now this works.
echo 1 > /sys/class/leds/gl-mt300n:wlan/brightness
echo 0 > /sys/class/leds/gl-mt300n:wlan/brightness

With the above, I can turn it on and off but how can i make it flash also for example? Any other controls?