If you only have an EX5 file and no source code, you might wonder if it is possible to convert it back to MQL5. This guide walks through the full process and shows what actually happens when you try to decompile an EX5 file.
Alright, so you have an EX5 file but no source code. Many traders ask if the compiled file can be converted back to an editable MQL5 file. In this post we explore what is possible, what is not possible, and we run a real demo to show the output you can expect.
EX5 files are compiled binaries. They run inside MetaTrader but they are not created for editing. When the original mq5 file is missing, people try to decompile the EX5 file to recover the code. The idea sounds simple but the reality is very different. You can show a side by side visual here of an mq5 icon and an ex5 icon.
Reverse engineering is technically possible but it is limited. Legal issues are common and the recovered code is almost never useful. Decompiled files usually have no comments, no meaningful variable names and most of the logic becomes confusing. You will spend much more time fixing the decompiled code than you would writing new code from scratch.
Full Demo
In the demo the EX5 file is dragged into the tool. The tool produces broken or empty output which is normal because EX5 files are optimized and obfuscated during compilation.
Checkout the demo video:
The decompiled file often contains missing blocks, strange formatting and unreadable structure. This confirms that EX5 files are not designed to be restored into clean MQL5 source code.
Many traders have lost their source files at some point and learned something from the experience.
Instead of trying to decompile, the best approach is to protect your source files. Use backups and version control tools like Git. If you work with freelancers, make sure the contract includes the mq5 file as part of the final delivery.
This post helps you understand what is possible and what is not when working with EX5 files.






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