MT4 is referred to as among the most popular software for financial trading in Forex. It supports automated trading through EAs, code scripts, and custom indicators. These tools are often coded in MetaQuotes’ proprietary language, MQL.
EX4: This is a compiled version of the MQ4 file. It is in machine code or modified without specific tools.
MQ4: This refers to the source code written in MetaQuotes Language, allowing developers to enhance the logic of expert advisors and indicators.
Why Convert EX4 to MQ4?
Converting EX4 back to MQ4 may be useful when developers want to customize an EA for personal use. In some cases, a trader might want to change a trading strategy or improve performance.
Ways to Convert EX4 to MQ4
You’ll find many tools that provide conversion from EX4 to MQ4. These tools enable customization to reach the MQ4 format and apply modifications.
Popular tools include:
Decompiler Tools: These tools focus here 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 available.
Writing Your Own EAs in MQ4
As an alternative to conversion, traders can create their own EAs by leveraging MQL4.
Benefits of Writing Your Own EAs
- Total customization over strategy.
- Endless possibilities in designing the trading rules.
- The source code is yours.
Summary
Whether you decide to work with EX4 or MQ4, modifying your trading tools can open new opportunities for personalized trading. With proper guidance and tools, your trading performance can improve