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Presets & Set Files — Banana EA MT4 v6.0

Banana EA v6.0 ships with pre-configured .set files tailored for active evaluation phases, steady growth accounts, and conservative live capital management.

Official Strategy Phase Presets​

Version 6.0 integrates active intraday risk controls directly into the official preset files:

Preset NameTarget Strategy TierDaily DrawdownMax Consecutive LossesRe-Entry CooldownRecommended Sizing
BEA-V6-CHALLENGE.setPhase 1 / Growth Phase4.0%330 Minutes0.5% – 1.0% per trade
BEA-V6-VERIFICATION.setPhase 2 / Steady Phase4.0%330 Minutes0.5% – 1.0% per trade
BEA-V6-FUNDED.setConservative Live Account3.0%260 Minutes0.25% – 0.5% per trade

Preset Breakdown & Mechanics​

1. Growth Phase Preset (BEA-V6-CHALLENGE.set)​

  • Objective: Achieve systematic account growth while maintaining disciplined 4% daily drawdown protection.
  • Max Consecutive Losses: Set to 3. After 3 consecutive losing trades on the same calendar day, new entries are latched off until the next day reset.
  • Re-entry Cooldown: Set to 30. Following any single losing close, fresh signals are paused for 30 minutes. Scale-ins on existing open positions are permitted.

2. Steady Phase Preset (BEA-V6-VERIFICATION.set)​

  • Objective: Maintain consistent performance targets with controlled risk exposure.
  • Max Consecutive Losses: Set to 3.
  • Re-entry Cooldown: Set to 30.

3. Conservative Live Account Preset (BEA-V6-FUNDED.set)​

  • Objective: Prioritize capital preservation and drawdowns protection on live accounts.
  • Daily Drawdown: Reduced to 3.0% for enhanced capital protection.
  • Max Consecutive Losses: Reduced to 2.
  • Re-entry Cooldown: Increased to 60 minutes to give markets time to settle after a loss.

How to Load and Save Presets​

  1. Attach BananaEA-Auto to your chart.
  2. In the EA properties dialog, select the Inputs tab.
  3. Click Load and navigate to MQL4/Presets/BananaEA/.
  4. Select the desired .set file and click Open.
  5. Adjust your LicenseSerial and MagicNumber as needed.
  6. Click OK.
Magic Number Hygiene

When running multiple charts or trading different currency pairs simultaneously, ensure each chart uses a unique MagicNumber (e.g. 6001, 6002, 6003).