What is Banana EA MT5?
Banana EA MT5 is a fully automated Expert Advisor for MetaTrader 5, built by iTradeAIMS. It trades the Banana Strategy: a price-action method based on recognising impulse-and-pullback continuation structures on the closed bar.
Once attached to a chart, the EA monitors every closed candle, detects qualifying patterns, applies your chosen filters, and places and manages trades without any further input from you — using native MT5 execution throughout.
What it does
| Capability | Details |
|---|---|
| Signal detection | B1, B2, B3 Banana continuation patterns; Seed TP / TTP precision inside-bar entries |
| Order entry | Pending stop orders (default) or market orders, via native MT5 order API |
| Trade management | Stop loss, take profit, break-even, up to 3 partial-close levels, trailing stop |
| Risk control | % risk per trade, fixed amount, or fixed lot size — calculated per signal |
| Protection | Daily drawdown cap, weekly drawdown cap, trailing high-water mark, consecutive loss breaker, session profit lock |
| Market filters | EMA stack, MA crossover, ADX strength, ATR volatility, daily range %, session movement, open-price direction |
| Session control | Two configurable time windows, day-of-week filter |
| Dashboard | Live on-chart panel showing account state, session status, open trades, and risk metrics |
Built for MT5
Banana EA MT5 is written natively for MQL5. It uses MT5's position-based trade model, native history access, and the Strategy Tester's multi-currency and multi-threaded optimisation capabilities. The signal and risk engine is identical to the Banana Strategy logic — only the platform execution layer is MT5-native.
Where to start
- New user → Installation
- Already installed → Quick Start
- Understanding the strategy → The Banana Strategy
- Looking for a specific parameter → Configuration Reference