The Basics of the EX4-to-MQ4 File Decompiler?
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Operation and Data
The MetaTrader 4 platform relies on MQL4 for creating custom Expert Advisors (EAs), indicators, and scripts.
The MQ4 file contains the source code (human-readable code) created by the programmer. This is what you can open and edit in the MetaEditor.
The EX4 file is the compiled, executable version of the MQ4 code. Developers compile MQ4 files into EX4 files for distribution, as the compiled version runs faster on the trading terminal and keeps the source code secure from being easily accessed or edited.
The decompiler attempts to convert the compiled EX4 file back into a close approximation of the original MQ4 source code.
Key Goals and Rationale
The primary reasons traders or programmers seek to decompile EX4 files include:
Code Recovery: Restoring missing MQ4 source code for an EA or indicator when only the compiled EX4 file remains e.g., after a computer crash.
Modification/Debugging: Gaining source code access to adjust, debug, or change the logic of an indicator or EA.
Analysis: Studying the trading strategy or algorithms used by a compiled program.
Limitations and Ethics
Key factors to note include:
Newer MT4 Builds: Modern versions of MT4 (Build 600 and later, released since 2014) use a different and more secure compilation method, making decompilation significantly more difficult, if not virtually unfeasible, for most commercial decompilers.
Incomplete Code: Decompilers often produce code that is scrambled, messy, or lacking crucial parts, requiring extensive manual effort to restore functionality.
Legal/Ethical Issues: Decompiling commercial EAs or indicators to steal or replicate the underlying strategy is generally a violation of the developer's intellectual property rights and is often considered a breach of law or ethics.
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