Sites like MQL5.com have developers who can "clone" the logic of an EA just by watching its performance and reading its logs.
In the world of MQL4 programming, the gap between the executable (.ex4) and the source code (.mq4) has grown significantly. Here is everything you need to know about the current state of decompiling and why "Version 40432" or similar updated tags are circulating in the trading community. What is an EX4 to MQ4 Decompiler? ex4 to mq4 decompiler 40432 updated best
A attempts to reverse this process. In the early days of MT4 (pre-600 builds), decompiling was easy. However, MetaQuotes (the creators of MT4) introduced advanced encryption and "byte-code" obfuscation in later builds to stop this. The "40432 Updated" Legend Sites like MQL5
If you just want to use the EA's signals on another account, use a Local Trade Copier . This doesn't require the source code at all. Final Verdict What is an EX4 to MQ4 Decompiler