MT4 is referred to as among the most popular software for financial trading in Forex. It supports automated trading through EAs, code scripts, and indicators. These tools are often developed in MetaQuotes’ proprietary language, MQL.
EX4: This refers to a compiled version of the MQ4 source code. It’s converted to machine code or customized without certain processes.
MQ4: This file format is the original code written in MQL, allowing programmers to customize the logic of expert advisors and indicators.
Reasons to Convert EX4 to MQ4
Converting EX4 back to MQ4 is a common need when developers want to customize an EA for personal use. In some cases, a trader might want to change here a trading strategy or improve performance.
Ways to Convert EX4 to MQ4
Various tools offer many tools that allow conversion from EX4 into the source code. These tools enable customization to reach the MQ4 format and apply modifications.
Popular tools include:
Decompiler Tools: These programs focus on turning EX4 code back into MQ4, allowing easier editing to the source code.
Customization Services: Professional services offer code modifications, where the original developer is not readily accessible.
How to Create Custom EAs in MQ4
Rather than focusing on conversion, you can write tailor-made EAs with the help of MQL.
Advantages of Building EAs
- Complete flexibility over parameters.
- No limitations in creating the trading rules.
- You own the code.
Conclusion
Regardless of whether you convert EX4 to MQ4, customizing your trading strategy can provide more flexibility for personalized trading. With proper guidance and tools, your trading performance can improve