MetaTrader 4 can be described as one of several widely used 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 refers to a compiled version of the MQ4 source code. It is in machine code or modified without specific tools.
MQ4: This file format is the original code written in MetaQuotes Language, allowing developers to modify the functionality of expert advisors and indicators.
Reasons to Convert EX4 to MQ4
Switching EX4 back to MQ4 is often sought after when users need to modify an expert advisor for improving strategy. For instance, you might want to add new features or optimize its performance.
Available Solutions for Conversion
You’ll find third-party tools that provide conversion from EX4 to MQ4. These programs support developers to access the MQ4 format for advanced customization.
Common options are:
Decompiler Tools: These tools try to convert EX4 files to MQ4, here making it easier for users to the script.
Customization Services: Several developers can help with EX4 file customization, if the source is not available.
Writing Your Own EAs in MQ4
Instead of converting, traders can create their own EAs by leveraging MQL4.
Reasons to Develop Custom 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 enhancing your strategies. With proper guidance and tools, your trading performance can improve