MetaTrader can be described as one of the most popular software for traders in Forex. It supports automated strategies through trading bots, scripts, and indicators. These capabilities are typically developed in MT4’s native language, MQL.
EX4: This type of file is a compiled version of the MQ4 source code. It is not directly readable or modified without certain processes.
MQ4: This is the source code written in MQL, enabling users to enhance the behavior of expert advisors and indicators.
Benefits of Converting EX4 to MQ4?
Changing EX4 to source code is a common need when developers want to edit an expert advisor for personal use. For example, you might want to change a trading strategy or improve performance.
Available Solutions for Conversion
You’ll find multiple services that let conversion from EX4 to MQ4. These tools help traders to open the MQ4 format for advanced customization.
Popular here tools include:
Decompiler Tools: These programs try to convert EX4 files to MQ4, providing access to the code.
Customization Services: Several developers offer code enhancements, even if the original source is not available.
How to Create Custom EAs in MQ4
Rather than focusing on conversion, a user can create their own EAs using MQL.
Benefits of Writing Your Own EAs
- Total customization over parameters.
- No limitations in developing the trading rules.
- The source code is yours.
Summary
If you choose to focus on EX4 or MQ4 files, customizing your trading strategy can open new opportunities for enhancing your strategies. With the right tools and knowledge, you can enhance your trading experience