MetaTrader is referred to as one of many commonly used platforms for Forex trading in markets. It supports automated strategies through automated advisors, code scripts, and indicators. These tools are typically written in MetaTrader’s proprietary language, MQL4.
EX4: This refers to the compiled version of the MQ4 source code. It is in machine code or edited without specific tools.
MQ4: This is the original code written in MQL4, allowing programmers to adjust the behavior of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Changing EX4 to source code is a common need when developers want to edit an expert advisor for personal use. For example, you might want to implement new logic or optimize its performance.
Ways to Convert EX4 to MQ4
Various tools offer third-party tools that provide conversion from EX4 to MQ4. These tools help traders to open the MQ4 format for advanced customization.
Common options are:
Decompiler Tools: These tools try to convert EX4 scripts into MQ4, making it easier for users to the script.
Customization Services: Several developers can help with code modifications, where the original developer is not readily accessible.
How to Create Custom EAs in MQ4
Rather than focusing on conversion, you can create tailor-made EAs using MetaQuotes Language.
Advantages of Building EAs
- Complete flexibility over trading logic.
- No constraints in developing the trading rules.
- The source code is yours.
Final Thoughts
Regardless of whether you convert EX4 to MQ4, customizing your trading strategy can provide more flexibility for personalized trading. By using available tools and resources, you here can enhance your trading experience