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Installation

Requirements​

  • MetaTrader 5 (any recent build) from a supported broker
  • A valid Banana EA MT5 license key
  • AutoTrading enabled in your MT5 terminal
  • Windows (MT5 desktop client)

Step 1 — Open your MT5 data folder​

In MetaTrader 5 go to File → Open Data Folder. This opens the directory where MT5 stores all Expert Advisors, indicators, and scripts.

Step 2 — Copy the EA file​

Copy BananaEA-Auto.ex5 into:

<Data Folder>\MQL5\Experts\

If you received a preset file (.set), copy it into:

<Data Folder>\MQL5\Presets\

Step 3 — Refresh the Navigator​

Back in MT5, press F5 or right-click inside the Navigator panel and choose Refresh. The EA will appear under Expert Advisors.

Step 4 — Attach to a chart​

  1. Open a chart for your chosen pair and timeframe (e.g. EURUSD, H1).
  2. Drag BananaEA Auto from the Navigator onto the chart, or double-click it.
  3. The EA inputs dialog opens. Enter your License Key in the Serial Key field.
  4. Review inputs and click OK.
  5. Confirm the EA icon appears in the top-right corner of the chart (smiley face = running).

Step 5 — Enable AutoTrading​

Make sure the AutoTrading button in the toolbar is active (green). Without it the EA cannot place any orders.

AutoTrading

If you see a red/disabled AutoTrading button, click it to enable. The EA checks this on every tick — no trades will be placed while it is off.

Verifying the EA is active​

Once attached, the Banana EA dashboard appears on the chart showing:

  • Session status (Active / Inactive)
  • Account balance and equity
  • Open trade count
  • License validation status

If the dashboard is blank or shows a license error, see Licensing.

Account type note​

MT5 brokers operate either netting (one position per symbol) or hedging (multiple independent positions) accounts. Banana EA MT5 supports both account types. Check with your broker which model your account uses — this affects how simultaneous signals on the same pair are handled.

Broker symbol suffix

If your broker appends a suffix to symbol names (e.g. EURUSDm, EURUSD.a), set the Symbol Suffix input to match (e.g. m or .a). Leave blank for standard symbols.