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When executed in a virtual machine, it:
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| Feature | MQ4 (Source Code) | EX4 (Compiled Executable) | | :--- | :--- | :--- | | | Human-readable source code in the MQL4 language | Compiled, binary version, designed for the MQL4 Virtual Machine | | Contents | Full logic, comments, variable names, and formatting | Optimized bytecode with stripped comments, internal variable names, and often a simplified logic structure | | Purpose | Writing, editing, and developing trading strategies. | Execution on the MT4 platform; protection of the developer’s intellectual property. |