MetaTrader is known as one of the top widely used software for Forex trading in markets. It allows automated systems through trading bots, scripts, and custom indicators. These capabilities are typically programmed in MT4’s specialized language, MetaQuotes Language.
EX4: This type of file is an executable version of the original MQ4 code. It’s converted to machine code or edited without specific tools.
MQ4: This type of file is the source code written in MQL, letting traders to enhance the behavior of expert advisors and indicators.
Why Convert EX4 to MQ4?
Transforming EX4 back to MQ4 may be useful when a trader wants to modify a script for personal use. In some cases, a user may prefer to add new features or improve performance.
Tools to Convert EX4 to MQ4
There are many tools that allow conversion from EX4 back to MQ4. These programs enable customization to open the MQ4 format for easy editing.
Common options are:
Decompiler Tools: These programs attempt to revert EX4 scripts to MQ4, allowing easier editing to the source code.
Customization Services: Several developers can help with code modifications, where the original developer is not directly provided.
Writing more info Your Own EAs in MQ4
As an alternative to conversion, you can develop their own EAs using MetaQuotes Language.
Benefits of Writing Your Own EAs
- Full control over strategy.
- No limitations in developing the trading rules.
- You own the code.
Summary
If you choose to focus on EX4 or MQ4 files, customizing your trading strategy can open new opportunities for enhancing your strategies. With the right tools and knowledge, you can enhance your trading experience