But it has to be done manually and it requires following a stringent process of cracking the code. In such scenario where the decompilers don’t work, the Ex4 files can still be cracked.
But the codes compiled using the newer builds of MT4 platform or the codes with external import cannot be decompiled using such software. But it can be easily structured by reassigning variable names, making it easy to read and update. But the converted Mq4 file code might not be really user friendly to read. It is important to have the Mq4 file in order to understand or update the algorithm.Įx4 files with older builds can be decompiled easily with decompiler softwares. Mq4 code has to be compiled into Ex4 format which is like a encrypted version of the code and this Ex4 file can only be executed on the MT4 platform, hence Ex4 files are used for distributing without exposing the code. Mq4 is the source code format for creating EA/Indicator/Script.
MetaTrader platform comes along with Meta Editor, which is a code editor for MetaQuotes Language 4.
