Discussing the article: "Risk Management (Part 4): Completing the Key Class Methods"

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Check out the new article: Risk Management (Part 4): Completing the Key Class Methods.

This is Part 4 of our series on risk management in MQL5, where we continue exploring advanced methods for protecting and optimizing trading strategies. Having laid important foundations in earlier articles, we will now focus on completing all remaining methods postponed in Part 3, including functions for checking whether specific profit or loss levels have been reached. In addition, we will introduce new key events that enable more accurate and flexible risk management.

Continuing from the previous article on risk management, we will explain the main variables and initial methods for our specialized class. This time we will focus on completing the methods needed to check whether established maximum loss or profit limits have been exceeded. In addition, we will present two dynamic approaches to per-trade risk management.

We will start by optimizing some functions, as well as the class constructor and destructor. Then we will define new structures, enums, and core constants. Next, we will implement functions for managing positions opened by the Expert Advisor, including mechanisms for detecting when established maximum profit or loss values are exceeded. Finally, we will add methods for managing dynamic per-trade risk.

Author: Niquel Mendoza