MT4 is referred to as one of the top commonly used platforms for trading in markets. It allows automated systems via trading bots, custom scripts, and indicators. These tools are typically written in MT4’s native language, MetaQuotes Language.
EX4: This refers to a binary format of the MQ4 file. It is in machine code or modified without specific tools.
MQ4: This refers to the original code written in MetaQuotes Language, allowing developers to modify the behavior of expert advisors and indicators.
Reasons to Convert EX4 to MQ4
Transforming EX4 to MQ4 may be useful when developers want to customize an EA for improving strategy. For instance, a user may prefer to change a trading strategy or improve performance.
Ways to Convert EX4 to MQ4
You’ll find third-party tools that allow conversion from EX4 back to MQ4. These services help traders to reach the MQ4 format for advanced customization.
Some options include:
Decompiler Tools: These more info programs focus on turning EX4 files into MQ4, providing access to the code.
Customization Services: Professional services provide EX4 file customization, if the source is not readily accessible.
Writing Your Own EAs in MQ4
As an alternative to conversion, a user can write custom expert advisors using MQL.
Advantages of Building EAs
- Complete flexibility over strategy.
- No constraints in designing the trading rules.
- You own the code.
Conclusion
Regardless of whether you focus on EX4 or MQ4 files, modifying your trading tools can provide more flexibility for enhancing your strategies. By using available tools and resources, your trading performance can improve