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What is the difference between .MQ4 and .EX4 indicator?

Most times throughout our database you will notice each indicator has 2 different extensions .MQ4 & .EX4

The .MQ4 is the source code of the Indicator. This is the code you could alter (if you know mq4 coding) to change the desired affect of the actual indicator.

The .EX4 is the same indicator but it has been compiled so that it will load up and work within MetaTrader. This also can protect the intilectual property of the writter if they do not want it altered at all.

In most cases we will supply both the .MQ4 and .EX4 version of each indicator within our Database for your use.

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What is the difference between .MQ4 and .EX4 indicator?

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HIGH RISK WARNING: Foreign exchange trading, (Forex) carries a high level of risk, that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you can not afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial, or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes and is not intended for trading purposes or advice.

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