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BananaEA Version 5

RETIRED VERSION — Effective August 31, 2026

Banana EA Version 5 reached End-of-Life on August 31, 2026.
Active support and development for Version 5 have concluded. All users are required to upgrade to Banana EA Version 6.0 (the final MT4 release line) or migrate to Banana EA MT5.

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

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 for the risk tracking dashboard and protection features, then load a preset from Presets And Set Files.

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​

  1. Install And Upgrade
  2. Quick Start
  3. Presets And Set Files
  4. Settings Overview
  5. Smart Risk Monitor
  6. Backtesting Version 5

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​

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

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