Skip to main content

Quick Start

This guide gets you from a fresh installation to a working EA on your first chart in under five minutes, using the recommended default settings.

Step 1 — Choose your chart​

Attach the EA to a 1-hour EURUSD (or your preferred major pair) chart. The EA evaluates signals on the chart's timeframe by default.

Step 2 — Open the inputs dialog​

Drag BananaEA Auto from the Navigator onto the chart. The inputs dialog opens automatically.

Step 3 — Enter your license key​

Paste your key into the License Key (Serial Key) field. See Licensing if you haven't received your key yet.

Step 4 — Set your risk per trade​

In the Risk & Lot Settings section:

InputRecommended value
Lot MethodRisk Percent
Risk Value1.0 (= 1% of account balance per trade)

Start at 1% or below until you have validated performance on your broker and pair.

Step 5 — Set trading sessions​

Under Trading Sessions:

InputValue
Enable Trading Hours Controltrue
Session 110:00 – 13:00 (London morning)
Session 216:15 – 17:45 (London/New York overlap)

Adjust for your broker's GMT offset if needed.

Step 6 — Click OK​

The EA attaches. The dashboard panel appears on the chart showing your account info and session status.

Step 7 — Confirm AutoTrading is on​

The AutoTrading button in the toolbar must be green. Click it if it is not.

What to expect​

  • Outside session hours the dashboard shows Session: Inactive — the EA scans but does not trade.
  • When a session opens and a qualifying signal forms on a closed bar, the EA places a pending stop order above the signal candle high (BUY) or below the signal candle low (SELL).
  • If price does not trigger the pending order within Cancel PO Bars bars (default 8), the order is cancelled.
  • Once triggered, break-even, partial close, and trailing stop management runs automatically on every tick.

Next steps​