MT4 is among the most widely used applications for trading in the Forex market. It offers automated trading through EAs, code scripts, and custom indicators. These capabilities can be programmed in MT4’s specialized language, MetaQuotes Language.
EX4: This is a compiled version of the MQ4 source code. It is not directly readable or edited without certain steps.
MQ4: This is the readable format written in MQL, enabling users to enhance the strategy of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Transforming EX4 to source code can be helpful when a trader wants to edit a script for personal use. In some cases, a trader might want to change a trading strategy or improve performance.
Ways to Convert EX4 to MQ4
You’ll find third-party tools that let conversion from EX4 to MQ4. These programs assist users to open the MQ4 format and apply modifications.
Some options include:
Decompiler Tools: These tools try to convert EX4 scripts to MQ4, making it easier for users to the code.
Customization Services: Several developers offer code modifications, if the source is not available.
Building Custom Expert Advisors in MQ4
Rather than focusing on conversion, you can create custom expert advisors with the help of MQL.
Reasons to Develop Custom EAs
- Full control over parameters.
- Endless get more info possibilities in developing the trading rules.
- You own the code.
Conclusion
Whether you decide to convert EX4 to MQ4, having access to the source code can open new opportunities for personalized trading. By using available tools and resources, you’ll see more success in trading