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A file with the EX4 file extension is a MetaTrader Program file. It's compiled programming code made for the free foreign exchange market trading program called MetaTrader.
Stored in an EX4 file may be scripts or indicators used by the MetaTrader program. It may instead be an Expert Advisor (EA) program used by MetaTrader for automating trading.
The programming code in the EX4 file is compiled from an MQ4 file, which is a MetaTrader Custom Indicator file. This is done through a tool called MetaEditor that comes installed with MetaTrader.
EX4 files are used with MetaTrader 4, so EX5 files are very similar but are used by MetaTrader 5. MQH is another MetaTrader file format, called a MetaTrader Include file — you might see MQH files saved with EX4 and EX5 files.
Ext4 is a file system that has nothing at all to do with EX4 files.
How to Open an EX4 File
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EX4 files can be opened with the free MetaTrader program from MetaQuotes. It works on Windows, macOS, and Linux. However, you might not be able to just double-click or double-tap the file and have it open in MetaTrader.
You can open the EX4 file another way, by putting it in the right folder inside the MetaTrader program's installation directory. For example, if you're using MetaTrader 5, this folder is most likely 'C:Program FilesMetaTrader 5MQL5.'
Once you're in that folder, you'll see several other subfolders. You have to know what the EX4 file is, specifically, so you know where to put it. It can be an indicator, Expert Advisor (EA), or script — put the EX4 file in the 'Indicators' folder if it's an indicator, the 'Experts' folder if an EA, and the 'Scripts' folder for EX4 files that are scripts.
In MetaTrader, you can see these files in the 'Navigator' window. If you don't see that window, enable it in the View > Navigator menu.
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The EX4 file extension, though it shares some of the same letters, isn't the same as a file that has the EXO, EXR, EX, or EXE file extension. Follow those links to learn more about those file formats.
If you find that an application on your PC does try to open the EX4 file but it's the wrong application or if you would rather have another installed program open EX4 files, it is fairly simple to make that change in Windows.
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How to Convert an EX4 File
Since EX4 files are the compiled equivalent of MQ4 files, you'd need a decompiler to 'convert' the EX4 to MQ4. We're not aware of any decompilers that can do this.
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You might also be able to convert an EX4 to EX5 or AFL (AmiBroker Formula Language). If so, it's most likely done through the MetaTrader program itself, but I haven't verified this ourselves.
Product core language is C#, so MetaTrader MQL indicators must be converted to it in order to make them work properly inside Forex Simulator. Fortunately, there is an easy way to do it.
All you need to do is to copy source mq4/mq5 files into a special folder. They will be automatically uploaded to a conversion server, then you will automatically get converted files back after the successfull conversion. It usually takes 1-3 minutes.
If conversion fails for some reason, you will get a corresponding message. Please contact me if any of your indicators stays in 'pending' mode for more than an hour.
Please note that the converter doesn't support compiled MetaTrader files (*.ex4/*.ex5). I'm not sure that it can handle them even in the future. It perfectly compiles MT4 files (*.mq4) and some MT5 files (*.mq5) - those without complex data structures like classes.
All communication between you and the server is encrypted with strong public/private key encryption algorithms which are absolutely safe. Even if somebody hacks a data exchange server, he will find just a list of encrypted files which will take thousands of years to decrypt. Moreover, the actual encryption password is randomly generated for each software installation which makes this task even harder. This password itself is encrypted with a public key which can be decrypted only with a secure private key which only the conversion server knows. The only person who can access your indicators is the author of this product on your request, then the service is fully autonomous without any human intervention.
So, if you want to convert your indicators, click the following menu item:
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You will see a folder where you should copy and paste your *.mq4/*.mq5 files.
In 5 seconds after you pasted the last file, the contents of this folder will be automatically encrypted and uploaded to the data exchange server. Then the conversion service will take files from the server, convert them and upload back the results. You will see the list of converted indicators after you restart Forex Simulator.
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After the successfull conversion, an indicator will get a green checkbox icon like the one on the screenshot. Just click on it to add it to the chart.
Please note that you converted indicators reside in a hidden folder so that you don't need to bother about them. All you will see is the list of your source indicators that you can add to the chart as usual. And, whenever you update the product, you don't need to convert your indicators again because the conversion service can update them automatically in background if there is a need for that.
Don't hesitate to contact me if you get any questions or ideas. I'm always eager to help!