MT4 is one of the most well-known applications for trading in markets. It allows automated systems by means of automated advisors, custom scripts, and indicators. These functions are usually programmed in MT4’s specialized language, MQL4.
EX4: This type of file is a binary format of the original MQ4 code. It is not directly readable or modified without specific tools.
MQ4: This file format is the original code written in MQL, allowing programmers to customize the logic of expert advisors and indicators.
Why Convert EX4 to MQ4?
Changing EX4 to MQ4 may be useful when a trader wants to enhance an indicator for optimization. For instance, you might want to add check here new features or optimize its performance.
Available Solutions for Conversion
There are third-party tools that provide conversion from EX4 to MQ4. These tools enable customization to reach the MQ4 format and apply modifications.
Popular tools include:
Decompiler Tools: These programs focus on turning EX4 code back into MQ4, providing access to the source code.
Customization Services: Experienced teams provide code enhancements, even if the original source is not directly provided.
Building Custom Expert Advisors in MQ4
Instead of converting, a user can develop 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
If you choose to focus on EX4 or MQ4 files, having access to the source code can unlock new possibilities for achieving better results. With the right tools and knowledge, you’ll see more success in trading