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Install & Upgrade — Banana EA MT4 v6.0

This guide walks you through installing Banana EA Version 6.0 on MetaTrader 4, upgrading from prior releases (v5 or v4), and understanding the version lifecycle.

System Requirements​

  • Platform: MetaTrader 4 (Build 1380+ recommended).
  • License: Active iTradeAIMS EA Serial Number (DLMS license).
  • Libraries: iTradeAIMSLib.dll installed in the MT4 MQL4/Libraries/ folder.
  • WebRequests: License server URL added to MT4 allowed WebRequest URLs (Tools -> Options -> Expert Advisors).

Clean Installation​

  1. Download Installer: Download the official iTradeAIMS-BananaEA-MT4-v6.0-Setup.exe installer from your iTradeAIMS member dashboard.
  2. Run Setup: Launch the installer and select your MetaTrader 4 terminal installation path.
  3. Verify Files:
    • EA file: MQL4/Experts/BananaEA-Auto.ex4
    • Library: MQL4/Libraries/iTradeAIMSLib.dll
    • Presets: MQL4/Presets/BananaEA/
  4. Configure MT4 Terminal:
    • Open MT4 and go to Tools -> Options -> Expert Advisors.
    • Check Allow automated trading.
    • Check Allow DLL imports.
    • Check Allow WebRequest for listed URL and add the official iTradeAIMS license server URL (provided in your welcome email).
  5. Attach to Chart:
    • Open a chart (e.g. EURUSD, GBPUSD, or GER40/DAX depending on your preset).
    • Drag BananaEA-Auto from the Navigator panel onto the chart.
    • Enter your license serial key in the EA input parameters.
    • Load the appropriate v6.0 preset file.

Upgrading From Version 5 or Version 4 (Retired Aug 31, 2026)​

Mandatory Upgrade — Legacy Versions Retired

Version 4 (v4.5.1) and Version 5 (FTMO Algo) were officially retired on August 31, 2026.
All MT4 traders using older versions must upgrade to Banana EA v6.0 (the sole supported MT4 release line). Presets (.set files) from Version 4 or Version 5 are not interchangeable with Version 6.0. Version 6.0 introduces new risk parameters (MaxConsecutiveLosses, ConsecLossCooldownMinutes, LogVerbosity). Always load official Version 6.0 preset files.

Upgrade Steps​

  1. Remove any running instances of Banana EA v4 or v5 from your MT4 charts.
  2. Run the Version 6.0 installer to update BananaEA-Auto.ex4 and library files.
  3. Attach BananaEA-Auto v6.0 to your chart.
  4. Load the updated Version 6.0 preset file from MQL4/Presets/BananaEA/.
  5. Confirm that the Smart Risk Monitor dashboard displays v6.0 and reports active protection rules.

End-of-Life (EOL) & Lifecycle Rules​

Version 6.0 is the final production build of Banana EA for MetaTrader 4.

End-of-Life Date: December 31, 2026

BananaEA-Auto MT4 v6.0 will stop operating after 2026.12.31 23:59:59.

  • Initialization Check: The EA evaluates the current date on startup. If the date is past 2026.12.31 23:59:59, initialization fails with an explicit log message and alert.
  • Dual-Clock Gate: Expiration requires both the computer local clock and the broker server clock to pass the threshold. This prevents premature lockouts caused by isolated local clock drift.
  • Rollover Unload: If the date rolls past the threshold while the EA is running, it will automatically remove itself from the chart.
  • Pre-Expiry Warnings: Beginning 30 days prior to expiration (December 1, 2026), the EA displays reminder alerts on attach and hourly status checks.

For long-term automated trading beyond 2026, users are encouraged to migrate to Banana EA MT5, our forward-looking MetaTrader 5 trading engine.