MetaTrader 4 is known as one of several popular software for financial trading in Forex. It offers automated trading by means of trading bots, scripts, and indicators. These capabilities can be coded in MT4’s own language, MQL4.
EX4: This file format is an executable version of the MQ4 source code. It’s converted to machine code or modified without specific tools.
MQ4: This file format is the readable format written in MetaQuotes Language, allowing developers to customize the logic of expert advisors and indicators.
Why Convert EX4 to MQ4?
Converting EX4 back to MQ4 is often sought after when developers want to enhance a script for personal use. For example, a trader might want to add new features or improve performance.
Tools to Convert EX4 to MQ4
Various tools offer third-party tools that let conversion from EX4 here back to MQ4. These programs support developers to reach the MQ4 format and apply modifications.
Popular tools include:
Decompiler Tools: These tools try to convert EX4 files to MQ4, providing access to the script.
Customization Services: Professional services offer code enhancements, if the source is not readily accessible.
Building Custom Expert Advisors in MQ4
Instead of converting, you can write tailor-made EAs using MetaQuotes Language.
Reasons to Develop Custom EAs
- Complete flexibility over parameters.
- No limitations in designing the trading rules.
- The source code is yours.
Summary
Regardless of whether you work with EX4 or MQ4, modifying your trading tools can unlock new possibilities for enhancing your strategies. By using available tools and resources, you’ll see more success in trading