MetaTrader 4 can be described as one of many frequently used software for trading in financial markets. It allows automated strategies by means of expert advisors, code scripts, and custom indicators. These tools are typically programmed in MT4’s native language, MQL4.
EX4: This file format is an executable version of the MQ4 file. It is in machine code or modified without certain steps.
MQ4: This file format is the readable format written in MQL, letting traders to adjust the strategy of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Transforming EX4 to source code is often sought after when a trader wants to edit an indicator for improving strategy. For instance, you might want to add new features or optimize its performance.
Available Solutions for Conversion
There are third-party tools that provide conversion from EX4 to MQ4. These tools support developers to reach the MQ4 format for advanced customization.
Common options are:
Decompiler Tools: These tools focus on turning EX4 files to MQ4, allowing easier editing to the script.
Customization Services: Professional services can help with code modifications, if the source is not readily accessible.
Writing Your Own EAs in MQ4
As an alternative to conversion, traders can create tailor-made EAs using MetaQuotes Language.
Reasons to Develop Custom EAs
- Total customization over strategy.
- No limitations in creating the trading rules.
- All code belongs to you.
Conclusion
If you choose to focus on EX4 or MQ4 files, having access to the source code can unlock new here possibilities for enhancing your strategies. With proper guidance and tools, your trading performance can improve