MetaTrader can be described as one of several well-known software for trading in Forex. It allows automated trading by means of EAs, custom scripts, and indicators. These tools can be written in MT4’s proprietary language, MQL4.
EX4: This is an executable version of the original MQ4 code. It’s converted to machine code or customized without specific tools.
MQ4: This is the source code written in MetaQuotes Language, allowing developers to adjust the behavior of expert advisors and indicators.
Why Convert EX4 to MQ4?
Switching EX4 back to MQ4 can be helpful when a trader wants to edit an expert advisor for personal use. For example, a user may prefer to implement new logic or optimize its performance.
Tools to Convert EX4 to MQ4
There are third-party tools that provide conversion from EX4 to MQ4. These tools support developers to open the MQ4 format for easy editing.
Some options include:
Decompiler Tools: These applications attempt to revert EX4 scripts back into MQ4, allowing easier editing to the source code.
Customization Services: Experienced teams offer code enhancements, where the original developer is not directly provided.
How to Create Custom EAs in MQ4
Rather than focusing on conversion, you can write tailor-made EAs using MQL.
Benefits of Writing Your Own EAs
- Full control over trading logic.
- No constraints in creating the trading rules.
- All code belongs to you.
Summary
Whether you decide to website work with EX4 or MQ4, having access to the source code can unlock new possibilities for achieving better results. By using available tools and resources, your trading performance can improve