Using decompilers violates the MetaTrader 4 license agreement and many developers’ terms of use. It is considered unethical and, in some jurisdictions, illegal reverse engineering.

Some third‑party tools claim to "decompile" EX4, but they produce:

Disclaimer: Trading foreign exchange on margin carries a high level of risk. This article is for educational purposes only and does not constitute financial advice.

An MQL4 source code file that contains the text-based logic for Expert Advisors (EAs), indicators, or scripts. These files are editable using MetaEditor EX4 (.ex4):

: If there are no errors, MetaEditor will automatically create a new file with the same name in that folder.