MetaTrader is one of the top popular applications for Forex trading in the Forex market. It allows automated trading by means of trading bots, scripts, and indicators. These tools are usually developed in MetaTrader’s own language, MQL.
EX4: This refers to the compiled version of the MQ4 file. It is not directly readable or customized without specific tools.
MQ4: This is the original code written in MQL4, allowing programmers to enhance the logic of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Changing EX4 to source code can be helpful when a trader wants to customize an indicator for personal use. In some cases, a user may prefer to add new features or improve performance.
Available Solutions for Conversion
You’ll find multiple services that allow conversion from EX4 into the source code. These services assist users to access the MQ4 format for advanced customization.
Some options include:
Decompiler Tools: These programs attempt more info to revert EX4 files into MQ4, providing access to the script.
Customization Services: Professional services provide code enhancements, where the original developer is not available.
Building Custom Expert Advisors in MQ4
Rather than focusing on conversion, traders can develop tailor-made EAs using MQL4.
Benefits of Writing Your Own EAs
- Complete flexibility over strategy.
- No constraints in creating the trading rules.
- You own the code.
Conclusion
If you choose to work with EX4 or MQ4, customizing your trading strategy can unlock new possibilities for enhancing your strategies. With proper guidance and tools, you’ll see more success in trading