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Frequently Asked Questions — Banana EA MT4 v6.0

Common questions and answers regarding Banana EA Version 6.0 features, preset usage, and the MT5 transition.

Q: Why does Banana EA MT4 v6.0 have an End-of-Life (EOL) date of December 31, 2026?​

A: Version 6.0 is the final production build for MetaTrader 4. iTradeAIMS is transitioning forward development to MetaTrader 5 (MT5). The EOL date (2026-12-31 23:59:59) allows existing MT4 users ample time to run their accounts while preparing to transition to our MT5 trading suite.

Q: Can I use my old Version 4 or Version 5 .set files with v6.0?​

A: No. Version 4 (v4.5.1) and Version 5 (FTMO Algo) were officially retired on August 31, 2026. Version 6.0 introduces new risk parameters (MaxConsecutiveLosses, ConsecLossCooldownMinutes, LogVerbosity). Older .set files will leave these parameters set to default or unconfigured values. Always use the official Version 6.0 presets shipped with the v6.0 installer.

Q: What happened to Version 4 and Version 5 support?​

A: Version 4 and Version 5 reached End-of-Life (EOL) on August 31, 2026. Active maintenance for both legacy versions has ended. All MT4 users are required to upgrade to Version 6.0 (supported through December 31, 2026) or migrate to Banana EA MT5.

Q: Why did the EA block a valid buy/sell signal after a losing trade?​

A: Check the Smart Risk Monitor dashboard on your chart. If ConsecLossCooldownMinutes is active (e.g. 30 minutes), fresh signal entries are paused following a loss. In addition, if MaxConsecutiveLosses was reached for the day, new entries remain latched off until the daily session reset.

Q: Does the re-entry cooldown block scale-in trades?​

A: No. Scale-in trades on positions already open in that direction are exempt from cooldown. Cooldown only halts fresh position entries.

Q: What does the "Silently Unprotected" warning mean?​

A: This warning appears on the Smart Risk Monitor if MaxDailyDrawdownPercent, MaxConsecutiveLosses, and ConsecLossCooldownMinutes are all set to 0 (disabled). It alerts you that no intraday risk circuit breakers are protecting your account.

Q: Why does my chart show a single Take Profit line way out at 23R?​

A: MetaTrader order tickets only allow one single server-side Take Profit price. The EA sets this to 23R as a catastrophic runner ceiling, while actively managing virtual partial closes in memory at 3R (PC1), 10R (PC2), and 15R (PC3), with trailing stops engaged after 10R.

Q: Why did a trade that moved to Break-Even trigger the consecutive loss cooldown?​

A: When Break-Even triggers, the Stop Loss is moved directly to your exact entry open price. If the market pulls back and exits at your open price, broker commission or spread friction can result in a closed P&L of -$0.30 to -$0.50. Because MetaTrader registers any closed trade < $0.00 as a loss, the circuit breaker activates the cooldown. To prevent this, ensure PC1 at 3R is active so profits are banked before the stop moves to entry.

Q: Where do I adjust Entry and Stop Loss buffers?​

A: In the EA Inputs tab under Section 9) ORDER ENTRY SETTINGS:

  • Buy Stop Loss Buffer (additional pips) & Sell Stop Loss Buffer (additional pips): Adds extra buffer pips beyond the signal candle high/low for initial Stop Loss placement.
  • Buy Entry Buffer (pips above signal high) & Sell Entry Buffer (pips below signal low): Spacing for pending entry orders.

Q: Can I run Banana EA on a MacBook / macOS?​

A: Yes! While MetaTrader does not run natively on macOS, the recommended and most robust setup is running MT4/MT5 on a Windows Cloud VPS ($5–$10/month) and managing it seamlessly from your Mac using the free Microsoft Remote Desktop app. This guarantees 24/7 uninterrupted uptime without laptop battery drain. Alternatively, you can trade manually using the Banana Indicator Suite on TradingView, which is 100% native on macOS. See our full macOS & Apple Compatibility Guide.