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Trade Management & Scaling — Banana EA MT4 v6.0

Banana EA v6.0 combines dynamic trade scaling, multi-level partial closes, and protective circuit breakers to manage position lifecycles safely.

Position Lifecycle Overview​

Scaling & Re-Entry Cooldown Rules​

Version 6.0 introduces strict protection for fresh entries while preserving management flexibility for existing open trades:

Fresh Signal Entries​

  • Evaluated against MaxConsecutiveLosses and ConsecLossCooldownMinutes.
  • If either condition is active, fresh entries are blocked.

Scale-In Positions (Exempt from Cooldown)​

  • Scale-Ins are exempt from the post-loss cooldown (ConsecLossCooldownMinutes).
  • If an existing position is open and a valid scale-in setup fires in the same direction, the scale-in order is allowed even if a prior closed trade triggered a cooldown timer.
  • Rationale: Cooldown is designed to stop emotional re-entries into new trades after a loss, not to restrict automated management of an ongoing, validated strategy position.

Multi-Level Partial Closes & The Virtual Ladder​

Banana EA v6 supports up to 3 partial close stages (PC1, PC2, PC3) managed dynamically in memory:

  1. PC1 (Partial Close 1): In standard presets, closes 25% of the position at 3R (PC_Value = 3.0) and moves the Stop Loss to Break-Even (BE_Value = 3.0).
  2. PC2 (Partial Close 2): Closes 25% of the remaining position at 10R (PC_Level2_Value = 10.0).
  3. PC3 (Partial Close 3): Closes 25% of the remaining position at 15R (PC_Level3_Value = 15.0).
  4. Dynamic Trailing Stop: Trailing stop engages after 10R (Trail_ActivationValue = 10.0) to ride extended trend momentum.

🎯 Hard Broker TP (23R) vs. Virtual Partial Closes​

Traders often ask why their MetaTrader chart displays a single red dashed Take Profit line at 23R:

  • Broker Limitation: A MetaTrader 4 broker ticket can only store one single server-side Take Profit price.
  • Wide Safety / Runner Target (23R): In default presets, TP_Value is set to 23.0 (23R) as a catastrophic home-run runner ceiling.
  • Virtual Multi-Stage Closes: The intermediate profit targets (3R, 10R, 15R) are managed internally by the EA upon price tick arrival. When price touches 3R, the EA issues a partial-close order on MT4 to bank profits and move your stop to Break-Even.

🛡️ Break-Even Stop Loss & Commission Friction​

When Break-Even activates:

  1. The EA modifies the trade's Stop Loss to the exact entry open price.
  2. Commission Friction: If price reverses and hits the entry price, normal broker commission and spread friction can cause the trade to close with a small negative balance (e.g. -$0.50).
  3. Cooldown Interaction: Because MetaTrader reports closed profit < $0.00, the consecutive-loss circuit breaker counts it as a loss.
  4. Best Practice: Taking PC1 at 3R locks in 25% profit beforehand, ensuring the entire trade sequence finishes with strong net profit even if the remainder exits at Break-Even.