MT4 is among the most commonly used platforms for Forex trading in markets. It offers automated trading by means of expert advisors, code scripts, and custom indicators. These tools can be written in MetaQuotes’ own language, MetaQuotes Language.

EX4: This refers to an executable version of the MQ4 file. It’s converted to machine code or edited without specific tools.

MQ4: This file format is the readable format written in MetaQuotes Language, allowing programmers to adjust the functionality of expert advisors and indicators.

Reasons to Convert EX4 to MQ4

Changing EX4 to source code is a common need when developers want to enhance an expert advisor for personal use. For example, you might want to change a trading strategy or improve performance.

Ways to Convert EX4 to MQ4

There are third-party tools that allow conversion from EX4 back to MQ4. These programs enable customization to open the MQ4 format for easy editing.

Common options are:

Decompiler Tools: These tools attempt to revert EX4 scripts into MQ4, allowing easier editing to the source code.

Customization Services: Several developers can help with code modifications, where the original developer is not directly provided.

Writing Your Own EAs in MQ4

As an alternative to conversion, you can develop their own EAs using MQL.

Benefits of Writing Your Own EAs

- Total customization over strategy.
- No limitations in here developing the trading rules.
- You own the code.

Summary

If you choose to convert EX4 to MQ4, customizing your trading strategy can open new opportunities for enhancing your strategies. By using available tools and resources, you can enhance your trading experience