MT5 to MT4 set file converter
The script creates a set file in the MT4 format from a set file in the MT5 format.
This script will be helpful for traders who use the same trading strategy both in MT4 and MT5.
As we know, the MetaTrader 5 terminal provides a more powerful strategy tester, as compared with the MT4 terminal. This allows for a better optimization and in a shorter time in MetaTrader 5. After finding the optimal parameters, we need to transfer the found parameters to a set-file of a MT4 Expert Advisor. The MetaTrader 5 developers have provided upward compatibility (set-file of MT4 can be loaded into MT5), however the inverse problem (loading MT5 set files to MT4) could be solved only manually. This script automates this task.
It is no secret that the compatibility of the two programming languages MQL4 and MQL5 is on a very high level today. Therefore, by programming the same trading strategy, you can obtained two Expert Advisors: one for the MetaTrader 4 terminal, the second one for MT5. You can use the MetaTrader 5 EA to search for the optimal parameters in the strategy tester, and then trade using the EA in MetaTrader 4.
The script allows you to automatically transfer EA parameters from MT5 to MT4. The inverse problem is solved directly by the MT5 terminal.
Warning. Leverage trading implies high financial risks.