Discussing the article: "MQL5 Trading Toolkit (Part 2): Expanding and Implementing the Positions Management EX5 Library"
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Check out the new article: MQL5 Trading Toolkit (Part 2): Expanding and Implementing the Positions Management EX5 Library.
Learn how to import and use EX5 libraries in your MQL5 code or projects. In this continuation article, we will expand the EX5 library by adding more position management functions to the existing library and creating two Expert Advisors. The first example will use the Variable Index Dynamic Average Technical Indicator to develop a trailing stop trading strategy expert advisor, while the second example will utilize a trade panel to monitor, open, close, and modify positions. These two examples will demonstrate how to use and implement the upgraded EX5 position management library.
In the first article, we analyzed MQL5 code libraries in detail. We covered different library types, their benefits, creating EX5 libraries, and the components of an EX5 library source code file (.mq5). This gave you a strong foundation in EX5 libraries and their creation process. We then created a practical example of an EX5 Positions Management library, demonstrating how to code exportable functions with MQL5.
In this article, we will continue building on that foundation. We will expand the Positions Management EX5 library and create two basic Expert Advisors. One of these example Expert Advisors will utilize a graphical trade and information panel, demonstrating how to import and implement the Positions Management EX5 library in practice. This will serve as a real-world example of how to create and integrate an EX5 library into your MQL5 code. To begin, let us first break down the process of importing and using an already developed and compiled .ex5 binary library.
Author: Kelvin Muturi Muigua