Trading Basics
BananaEA can automate entries and trade management, but you still need to understand the basic trading terms used by MT4 and the documentation.
Core Terms
| Term | Meaning |
|---|---|
| Symbol | The market being traded, such as EURUSD, XAUUSD, DAX, or NAS100. |
| Timeframe | The candle interval on the chart, such as M5, M15, or H1. |
| Lot size | The position size sent to the broker. |
| Stop loss | The planned exit if the trade moves against the setup. |
| Take profit | The planned exit if the trade reaches the target. |
| Spread | The difference between bid and ask price. |
| Drawdown | A drop from a previous account or equity high. |
Beginner Rule
Start on demo, use conservative risk, and change one setting at a time. If you do not understand why a setting is changed, leave it at the preset value until you can test it safely.