The EX4 and the MQ4 files are associated with the MetaTrader 4 trading platform. They both are vital in the online trading at FOREX market. These files can contain program code of expert advisors (EA), indicators or scripts. The difference between them lies in the fact that the files of the first type are executable (*.EX4) and *.MQ4 files contain a source code. Availability of source code in this case is critically important for several reasons. Here are some of them:
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- This allows you to understand the logic of the trading program, its algorithm. It is very important because you trust this program to manage your money.
- This enables modify the source code and thereby change the algorithm of EA in accordance with current market requirements.
- This makes it possible to remove any restrictions imposed by developers, such as limiting the time of work or number of trading accounts.
Some developers betweentimes forget to attach the source code to its products. In these cases requires a decompilation, i.e. files translation from .EX4 to .MQ4 format.
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