obz trading functions library
Info
The obz trading functions library is a Library for MetaTrader 4 that library of trading functions (position size, open, close position etc. )from the eas "ocean breeze" and "graalino-pro".
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Libraries folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use obz trading functions library
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
library of trading functions (position size, open, close position etc.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Library works on MetaTrader 4. Place the file in the MQL4/Libraries folder and restart the terminal.
Description & Settings
Related: BB MA C D Functions - another powerful library for MetaTrader 4 traders.
library of
trading functions (position size, open, close position etc.)
from the eas
"ocean breeze" and "graalino-pro".
Also recommended: Custom Functions: iacfunc, iaofunc, and ibearsbullsfuncs - similar library with strong performance on MetaTrader 4.
it can be of big help for novice traders as anexample
how to handle trading events.
it calculates the size of position from the
risk (%)
given.
forget about pips, lots, ticks, digits etc
. take a pro-approach. it works on any financial instrument regardless of currency's name, leverage, lot digits, account's currency, broker etc.
the library works for several years at several different brokers on more than 50 currency pairs, metals, etc. this library is a public domain.
example:
You may also like: library of functions for working with in i-files - excellent alternative for library users on MetaTrader 4.
Source Code
#property library
#include "stdlib.mq4"
#define trading_ok_level 0
#define trading_pos_size_less_min_lot (-100)
#define trading_error_not_enough_money (-200)
#define trading_error_opening_buy (-300)
#define trading_error_opening_sell (-400)
#define trading_error_closing_buy (-500)
#define trading_error_closing_sell (-600)
#define trading_error_buy_modify (-700).......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.