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BananaEA Version 6.0 (Final MT4 Release)

Version 6.0 is the final MT4 release of Banana EA Auto. Built on the proven foundation of Version 5, Version 6.0 introduces intraday consecutive loss circuit breakers, re-entry cooldown protection, enhanced Smart Risk Monitor alerts, updated preset set files, and server-free Strategy Tester authorization.

END OF LIFE SCHEDULE — December 31, 2026

BananaEA-Auto MT4 v6.0 carries a hardcoded End-of-Life (EOL) timestamp and will refuse to initialize after 2026-12-31 23:59:59.

  • Rollover Removal: If the date passes 2026.12.31 23:59:59 while the EA is attached, it will automatically remove itself from the chart.
  • Clock Requirements: Expiration requires both your computer's clock and the broker's server clock to pass the date.
  • Hourly Alerts: Visual and log alerts warn users starting 30 days prior to the EOL date on chart attach and hourly re-checks.
  • Forward Platform: MetaTrader 5 (MT5) is the designated forward platform for iTradeAIMS automated trading strategies.

What Version 6.0 Adds​

  • Consecutive Loss Circuit Breaker (MaxConsecutiveLosses): Pauses new signal entries after $N$ consecutive losing closes within the trading day. Latches until the next daily reset.
  • Re-Entry Cooldown (ConsecLossCooldownMinutes): Temporarily halts fresh signal entries for $N$ minutes after any losing trade. Scale-ins remain exempt so existing positions can be managed safely.
  • Enhanced Smart Risk Monitor: Displays explicit trigger reasons (e.g. naming whether daily drawdown, consecutive loss limit, or cooldown stopped an entry). Warns with an explicit "Silently Unprotected" status if all v6.0 protective limits are turned off.
  • Dual-Instance Collision Warning: Alerts the trader if multiple EA instances are detected managing the same account or magic number simultaneously.
  • Updated Strategy Presets: Pre-configured risk profiles (.set files) with active protective limits.
  • Server-Free Strategy Tester: Strategy Tester runs authorize locally without sending per-run network requests to the license server.
  • LogVerbosity Input: Select between Quiet (default) or State changes + reasons for clean, readable journal logging.

Protective Architecture Overview​

Documentation Structure​

  1. Install & Upgrade — Installing v6.0, upgrading from retired releases (v5/v4 retired August 31, 2026), and EOL clock verification.
  2. Quick Start — Getting started with v6.0 on MT4 charts.
  3. Presets & Set Files — Pre-configured risk presets (.set files).
  4. Settings Overview — Complete input parameter reference.
  5. Smart Risk Monitor — Dashboard protections, streak limits, and cooldown status.
  6. Trade Management & Scaling — Interaction of circuit breakers and cooldowns with scale-in trades.
  7. Trading Days & Filters — Session rules and unified day-boundary drawdown logic.
  8. Backtesting — Offline strategy tester setup and parameter optimization.
  9. FAQ — Frequently Asked Questions and transition to MT5.
  10. Troubleshooting — Resolving collision warnings, streak locks, and clock alerts.

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