MetaTrader is known as one of many popular applications for trading in the Forex market. It offers automated strategies by means of expert advisors, scripts, and custom indicators. These functions are typically coded in MetaQuotes’ native language, MetaQuotes Language.
EX4: This is the compiled version of the MQ4 file. It is in machine code or modified without specific tools.
MQ4: This file format is the original code written in MetaQuotes Language, allowing programmers to modify the behavior of expert advisors and indicators.
Reasons to Convert EX4 to MQ4
Switching EX4 back to MQ4 is a common need when users need to modify an expert advisor for improving strategy. In some cases, a trader might want to change a trading strategy or optimize its performance.
Ways to Convert EX4 to MQ4
You’ll find third-party tools that provide conversion from EX4 to MQ4. These tools enable customization to reach the MQ4 format and apply modifications.
Common options are:
Decompiler Tools: These tools focus 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 readily website accessible.
Writing Your Own EAs in MQ4
Instead of converting, traders can develop their own EAs with the help of MQL4.
Benefits of Writing Your Own EAs
- Full control over trading logic.
- 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