MetaTrader 4 is referred to as one of the top commonly used applications for Forex trading in financial markets. It supports automated trading through EAs, code scripts, and indicators. These capabilities are typically developed in MetaTrader’s native language, MQL4.
EX4: This is a binary format of the MQ4 source code. It is not directly readable or edited without specific tools.
MQ4: This type of file is the original code written in MetaQuotes Language, enabling users to adjust the strategy of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Switching EX4 to MQ4 is a common need when a trader wants to customize an expert advisor for optimization. For example, a trader might want to add new features or optimize its performance.
Tools to Convert EX4 to MQ4
Various tools offer many tools that provide conversion from EX4 back to MQ4. These programs help traders to reach the MQ4 format and apply modifications.
Common options are:
Decompiler Tools: These applications attempt to revert EX4 code to MQ4, making it easier for users to the code.
Customization Services: Experienced teams provide code enhancements, even if the original source is not readily accessible.
Writing Your Own EAs in MQ4
Instead of converting, you can create their own EAs with the help of MQL4.
Benefits of Writing Your Own EAs
- Total customization over trading logic.
- No limitations in designing the trading rules.
- All code belongs to you.
Summary
Regardless of whether you work with EX4 or MQ4, customizing your trading strategy can open new here opportunities for achieving better results. By using available tools and resources, your trading performance can improve