You may experience that the performance of your MetaTrader is not as it was earlier. Maybe your computer recently crashed, erasing certain source codes. This is when you may consider decompiling MQL EX4 and make changes to the indicator or the EA. While MetaTrader gives you a host of tools to customize trading according to your preferences, sometimes you may have trouble using an indicator exactly the way you want. The entire EA program code is also stored on an EX4 file. If you’re on the MetaTrader platform, you may be using Expert Advisors (EA) for automating analytical and trading processes. The code for this is written in the MQL language and the scripts or indicators are stored in a file with the EX4 extension.
MetaTrader is a highly powerful and flexible platform.
Doing this manually would be incredibly challenging and time consuming, but automated trading does this in a fraction of a second. If you’re not familiar with it, then auto trading allows you to respond immediately to market changes and to simultaneously trade multiple accounts or deploy diverse trading strategies to hedge risks. If you’re using automated trading on MT4 you’ll already have an inkling on what we’re on about. That’s right, decompile ex4 to mql and before you start dialling for the authorities, let’s clear up any possible misunderstandings – what is it, how would you do it, should you even touch it, eww!
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