MetaTrader is referred to as one of the most well-known applications for traders in markets. It offers automated trading by means of trading bots, code scripts, and indicators. These functions can be coded in MT4’s proprietary language, MetaQuotes Language.
EX4: This file format is a compiled version of the original MQ4 code. It’s converted to machine code or modified without specific tools.
MQ4: This is the source code written in MetaQuotes Language, allowing programmers to modify the functionality of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Switching EX4 back to MQ4 can be helpful when developers want to enhance an indicator for personal use. For example, a trader might want to adjust risk management rules or optimize its performance.
Ways to Convert EX4 to MQ4
Various tools offer third-party tools that allow conversion from EX4 into the source code. These programs enable customization to reach the MQ4 format and apply modifications.
Common options are:
Decompiler Tools: These applications attempt to revert EX4 scripts into MQ4, providing access to the source code.
Customization Services: Professional services offer EX4 file customization, if the source is not available.
How to Create Custom EAs in MQ4
Rather than focusing on conversion, a user can write custom expert advisors with the help of MQL4.
Reasons to Develop Custom EAs
- Total customization over strategy.
- Endless possibilities in creating the trading rules.
- All code belongs to you.
Conclusion
Regardless of whether you convert EX4 to MQ4, modifying your trading tools can open new opportunities for enhancing your strategies. With proper guidance and get more info tools, you’ll see more success in trading