MetaTrader 4 is known as one of many frequently used platforms for traders in the Forex market. It offers automated strategies by means of automated advisors, custom scripts, and indicators. These capabilities can be developed in MetaTrader’s native language, MetaQuotes Language.
EX4: This type of file is a binary format of the MQ4 source code. It’s converted to machine code or customized without specific tools.
MQ4: This refers to the readable format written in MQL, allowing programmers to modify the functionality of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Changing EX4 back to MQ4 is often sought after when a trader wants to enhance an EA for improving strategy. For example, a user may prefer to change a trading strategy or optimize its performance.
Available Solutions for Conversion
Various tools more info offer third-party tools that let conversion from EX4 into the source code. These tools support developers to open the MQ4 format and apply modifications.
Common options are:
Decompiler Tools: These applications attempt to revert EX4 code back into MQ4, allowing easier editing to the script.
Customization Services: Several developers provide code modifications, if the source is not available.
Building Custom Expert Advisors in MQ4
Rather than focusing on conversion, traders can develop custom expert advisors using MQL4.
Benefits of Writing Your Own EAs
- Complete flexibility over strategy.
- No constraints in creating the trading rules.
- All code belongs to you.
Summary
Regardless of whether you focus on EX4 or MQ4 files, modifying your trading tools can provide more flexibility for achieving better results. With the right tools and knowledge, your trading performance can improve