# BananaEA Version 5

RETIRED VERSION — Effective August 31, 2026

**Banana EA Version 5 reached End-of-Life on August 31, 2026.**<br />Active support and development for Version 5 have concluded. All users are required to upgrade to **[Banana EA Version 6.0](/banana-ea/mt4/docs/v6.md)** (the final MT4 release line) or migrate to **[Banana EA MT5](/banana-ea/mt5/docs/intro.md)**.

Version 5 — **Auto** — was built for automated trading and risk management. Archived documentation remains below for reference.

* **[Upgrade to Version 6.0 →](/banana-ea/mt4/docs/v6/install-and-upgrade.md)**
* **[Migrate to Banana EA MT5 →](/banana-ea/mt5/docs/intro.md)**

## Built For Account Risk Management[​](#built-for-account-risk-management "Direct link to Built For Account Risk Management")

Version 5 provides systematic risk controls: daily and overall drawdown caps, equity protection, and disciplined scaling.

Start with [Smart Risk Monitor](/banana-ea/mt4/docs/v5/smart-risk-monitor.md) for the risk tracking dashboard and protection features, then load a preset from [Presets And Set Files](/banana-ea/mt4/docs/v5/presets.md).

## What Version 5 Adds[​](#what-version-5-adds "Direct link to What Version 5 Adds")

* Smart Risk Monitor window for challenge-style risk tracking.
* Challenge Mode progress compounding.
* Progressive risk reduction and peak giveback protection.
* Trailing high-water-mark drawdown control.
* Weekly drawdown cap.
* Consecutive loss circuit breaker.
* Session profit lock.
* Day-of-week trading controls.
* Multi-level partial close: PC1, PC2, and PC3.
* Exit templates after partial close.
* Conditional scale-in modes.
* Conditional trailing activation.
* Pending order cancellation and lifecycle changes.
* Version 5 presets that are not interchangeable with Version 4 presets.

## Start Here[​](#start-here "Direct link to Start Here")

1. [Install And Upgrade](/banana-ea/mt4/docs/v5/install-and-upgrade.md)
2. [Quick Start](/banana-ea/mt4/docs/v5/quick-start.md)
3. [Presets And Set Files](/banana-ea/mt4/docs/v5/presets.md)
4. [Settings Overview](/banana-ea/mt4/docs/v5/settings-overview.md)
5. [Smart Risk Monitor](/banana-ea/mt4/docs/v5/smart-risk-monitor.md)
6. [Backtesting Version 5](/banana-ea/mt4/docs/v5/backtesting.md)

## Coexistence Rules[​](#coexistence-rules "Direct link to Coexistence Rules")

* Version 4 and Version 5 can be installed in the same MT4 terminal.
* Run Version 4 and Version 5 on separate charts.
* Use version-specific presets.
* Use separate or intentionally planned Magic Numbers.
* Do not load Version 4 `.set` files into Version 5.
* Do not load Version 5 `.set` files into Version 4.

## Version Details[​](#version-details "Direct link to Version Details")

The Version 5 source currently reports release version `5.0` and build date `2026.04.30`.

[← Back to version chooser](/banana-ea/mt4/docs.md)