MT4 is known as one of several well-known platforms for Forex trading in markets. It offers automated trading via expert advisors, code scripts, and indicators. These functions are often programmed in MetaQuotes’ own language, MQL4.
EX4: This is an executable version of the original MQ4 code. It’s converted to machine code or edited without certain steps.
MQ4: This file format is the readable format written in MQL4, allowing developers to customize the strategy of expert advisors and indicators.
Reasons to Convert EX4 to MQ4
Converting EX4 to MQ4 is often sought after when developers want to enhance an indicator for improving strategy. In some cases, a user may prefer to add new features or improve performance.
Tools to Convert EX4 to MQ4
There are third-party tools that provide conversion from EX4 back to MQ4. These programs enable customization to open the MQ4 format for easy editing.
Common options are:
Decompiler Tools: These programs attempt to revert EX4 scripts to MQ4, allowing easier editing to the source code.
Customization Services: Several developers can help with code modifications, where the original developer is not available.
Writing Your Own EAs in MQ4
As an alternative to conversion, you can develop their own EAs using MQL.
Benefits click here of Writing Your Own EAs
- Full control over strategy.
- No limitations in developing the trading rules.
- You own the code.
Summary
Whether you decide to focus on EX4 or MQ4 files, customizing your trading strategy can provide more flexibility for enhancing your strategies. With the right tools and knowledge, you can enhance your trading experience