# Banana EA Settings

info

This settings guide is for BananaEA Version 4. The latest stable Version 4 release is `v4.5.1`. Version 4 and Version 5 `.set` files are not interchangeable.

## Start With A Tested Set[​](#start-with-a-tested-set "Direct link to Start With A Tested Set")

Download the latest Version 4 optimization sets from:

<https://my.itradeaims.net/latest-optimization-sets/>

Load the `.set` file that matches your symbol and timeframe, then adjust only the account-specific settings such as risk, license key, and magic number.

## Settings Categories[​](#settings-categories "Direct link to Settings Categories")

### Core Trading Settings[​](#core-trading-settings "Direct link to Core Trading Settings")

* [General Settings](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/general-settings.md) - license key, magic number, position limits, and optimization set name
* [Risk Management](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/risk-management.md) - lot sizing and account exposure
* [Stop Loss & Take Profit](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/stop-loss-and-take-profit.md) - stop and target calculation methods

### Trade Management[​](#trade-management "Direct link to Trade Management")

* [Trade Management Mode](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/trade-management-mode.md) - using Magic Number 0 to manage manual trades
* [Advanced Features](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/advanced-features.md) - break-even, partial close, trailing stop, and robustness metrics
* [Pending Orders](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/pending-orders.md) - pending-order expiry and cancellation

### Filters And Controls[​](#filters-and-controls "Direct link to Filters And Controls")

* [Trading Hours & Filters](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/trading-hours-and-filters.md) - sessions, EMA filters, and market filters
* [Signal Configuration](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/signal-configuration.md) - signal sources and pattern controls
* [AI & Machine Learning](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/ai-machine-learning.md) - AI confidence filtering, if your build includes it

### Visuals And Alerts[​](#visuals-and-alerts "Direct link to Visuals And Alerts")

* [Trade Visualization](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/trade-visualization.md) - chart arrows and visual feedback
* [Alert Configuration](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/alert-configuration.md) - master alert switch and alert types
* [Visual Customization](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/visual-customization.md) - chart panels, colors, sizing, and DPI notes

## New User Checklist[​](#new-user-checklist "Direct link to New User Checklist")

1. Download the correct Version 4 `.set` file.
2. Attach BananaEA to the matching chart symbol and timeframe.
3. Load the `.set` file from the Inputs tab.
4. Enter **License Key** for demo or live trading.
5. Set **Optimization Set Name** so screenshots and dashboards show the active setup.
6. Confirm **Lot Method** and **Risk Per Trade**.
7. Keep **Maximum Open Trades** low while learning.
8. Confirm **Enable Trading Hours Control** and Session 1/2 times match broker time.
9. Keep critical alerts enabled.

## Live Trading Checklist[​](#live-trading-checklist "Direct link to Live Trading Checklist")

1. **License Key** is entered.
2. **Magic Number** is unique per EA instance, unless using Trade Management Mode.
3. **Maximum Slippage** is suitable for the symbol and broker.
4. Detailed support messages are off for normal live use.
5. **Risk Per Trade** is conservative, preferably 1-2% while learning.
6. Total exposure is checked: **Maximum Open Trades** x risk.
7. Critical alerts are enabled, especially order rejection and drawdown alerts.
8. The chart symbol, timeframe, and preset all match.

## Risk Verification[​](#risk-verification "Direct link to Risk Verification")

* Keep per-trade risk at 5% or less, preferably 1-2%.
* Keep total exposure within your account rules.
* Test on demo before live trading.
* Validate stop loss and take profit distances with your broker.
* Change one setting at a time so the result is understandable.

## Learning Path[​](#learning-path "Direct link to Learning Path")

1. [General Settings](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/general-settings.md)
2. [Risk Management](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/risk-management.md)
3. [Stop Loss & Take Profit](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/stop-loss-and-take-profit.md)
4. [Trading Hours & Filters](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/trading-hours-and-filters.md)
5. [Advanced Features](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/advanced-features.md)
6. [Alert Configuration](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/alert-configuration.md)
7. [Trade Management Mode](/banana-ea/mt4/docs/v4/complete-user-guide/settings-guide/trade-management-mode.md)

## Related Resources[​](#related-resources "Direct link to Related Resources")

* [Quick Start Guide](/banana-ea/mt4/docs/v4/quick-start-guide.md)
* [Smart Features Overview](/banana-ea/mt4/docs/v4/smart-features/overview.md)
* [FAQ](/banana-ea/mt4/docs/v4/backtesting-optimization/faq.md)
* [Broker Compatibility](/banana-ea/mt4/docs/v4/backtesting-optimization/broker-compatibility.md)
* [Risk Management Guide](/banana-ea/mt4/docs/v4/risk-management.md)