Go to websiteGet Banana EA
Edit

⚙️Settings Guide

Complete Parameter Reference

Tuning BananaEA is like tuning a race car — small adjustments can create dramatic performance improvements. This guide explains every setting in plain English.

🎯 Getting Started with Settings

Professional Optimization Sets

BananaEA no longer includes built-in preset selection. Instead, we provide continuously updated, professionally optimized configuration sets that reflect the latest market conditions and extensive backtesting.

📥 Download Latest Optimization Sets: 👉 https://my.itradeaims.net/latest-optimization-sets/

What you'll find:

  • ✅ Market-tested configurations for various timeframes and symbols

  • ✅ Risk-adjusted parameters optimized across diverse market conditions

  • ✅ Regular updates as market dynamics evolve

  • ✅ Detailed setup instructions for each configuration

  • ✅ Performance metrics and backtest results

Why external configuration sets?

  • Markets evolve — static presets become outdated

  • Professional optimization takes hundreds of hours per configuration

  • Member-exclusive access ensures you get cutting-edge settings

  • Settings can be updated without requiring EA reinstallation

Setup workflow:

  1. Visit https://my.itradeaims.net/latest-optimization-sets/

  2. Download the recommended .set file for your trading style/symbol

  3. Load the .set file into MT4 when attaching BananaEA to a chart

  4. Adjust risk parameters to match your account size and tolerance

📚 Settings Categories

Core Trading Settings

Advanced Features

Filters & Controls

⚡ Quick Start Checklists

New User Setup

  1. ✅ Download configuration set from https://my.itradeaims.net/latest-optimization-sets/

  2. ✅ Load .set file when attaching EA to chart

  3. ✅ Verify RiskPercent (start with 1-2%)

  4. ✅ Confirm MaxOpenTrades (default 3)

  5. ✅ Check StartTradingHour / StopTradingHour match your timezone

Live Trading Checklist

  1. ✅ Magic number unique per EA instance

  2. ✅ Slippage set to 2-3 pips

  3. ✅ MaxSpread appropriate for your broker (e.g., 3.0 for majors)

  4. ✅ ShowDebugLogs = false (cleaner logs)

  5. ✅ Risk verification: Per-trade risk ≤ 5% (prefer 1-2%)

Risk Verification

  1. ✅ Per-trade risk ≤ 5% (prefer 1-2%)

  2. ✅ Total exposure (MaxOpenTrades × risk) ≤ 15%

  3. ✅ Account balance sufficient for margin requirements

  4. ✅ SL/TP distances validated on demo account first

💡 Configuration Philosophy

When using recommended configuration sets:

  • The optimization sets handle technical parameters (SL/TP methods, signal filters, etc.)

  • You customize risk parameters (lot sizing, position limits) for your account

  • Advanced traders can further tune individual settings after understanding EA behavior

For manual configuration (advanced users):

  • Start with a downloaded optimization set as your baseline

  • Make incremental changes and backtest each modification

  • Document your changes to track performance impact

  • Revert to baseline if performance degrades

🎓 Learning Path

Beginner traders should focus on:

  1. Understanding General Settings - Magic number and position limits

  2. Mastering Risk Management - Proper position sizing

  3. Learning Stop Loss & Take Profit - Risk:reward fundamentals

Intermediate traders can explore: 4. Trade Management Mode - Managing manual trades 5. Advanced Features - Break-even and trailing stops 6. Trading Hours & Filters - Time-based optimization

Advanced traders should study: 7. Signal Configuration - Fine-tuning entry logic 8. Custom optimization using MT4 Strategy Tester 9. Multi-timeframe and multi-pair portfolio management

🔗 Related Resources

PreviousBuilding Long-term SuccessNextGeneral Settings

Last updated