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Troubleshooting — Banana EA MT4 v6.0

This guide provides solutions for common error messages, risk warnings, and operational alerts in Banana EA v6.0.

Common Alerts & Solutions​

1. WARNING: Multi-Instance Collision Detected​

  • Cause: Multiple charts in MT4 are running BananaEA-Auto with the same MagicNumber or managing the same symbol/account.
  • Solution: Open the EA properties on each chart and assign a unique MagicNumber (e.g. Chart 1 = 6001, Chart 2 = 6002).

2. Status: SILENTLY UNPROTECTED​

  • Cause: All intraday protective risk rules (MaxDailyDrawdownPercent, MaxConsecutiveLosses, ConsecLossCooldownMinutes) are set to 0 (disabled).
  • Solution: Load an official Version 6.0 preset (BEA-V6-CHALLENGE.set) from MQL4/Presets/BananaEA/.

3. PAUSED: Max Consecutive Losses Hit (3/3)​

  • Cause: The EA hit the daily consecutive loss threshold.
  • Solution: The circuit breaker automatically latches off new entries until the daily session resets at Midnight server time (00:00). Do not force manual entries unless you explicitly choose to reset the EA parameters.

4. COOLDOWN: Active (18m remaining)​

  • Cause: A losing trade recently closed, triggering the re-entry cooldown timer.
  • Solution: Wait for the countdown to expire before fresh signal entries are allowed. Note that scale-in trades on existing open positions are unaffected.

5. Initialization Failed: WebRequest to license server denied​

  • Cause: MT4 WebRequest permissions are missing.
  • Solution: Go to Tools -> Options -> Expert Advisors, check Allow WebRequest for listed URL, and add the official iTradeAIMS license server URL.

6. Initialization Failed: Version Expired​

  • Cause: The current date is past 2026.12.31 23:59:59 (End-of-Life date).
  • Solution: Verify that your computer's local clock and time zone are set correctly. If the date is past December 31, 2026, migrate to Banana EA MT5.

7. macOS / MacBook DLL Permission or Emulation Errors​

  • Cause: Running Windows MT4/MT5 binaries on Apple Silicon (M1/M2/M3) via Wine/CrossOver, where security layers block iTradeAIMSLib.dll or disconnect on sleep.
  • Solution: Refer to our macOS & Apple Compatibility Guide. We strongly recommend running the EA on a Windows Cloud VPS ($5–$10/mo) via Microsoft Remote Desktop on Mac for 24/7 uptime, or using the TradingView Suite for manual charting.