Can I create a robot with the indicators I download, whether paid or not, from the MQL5 page?

I think you have to have the ex4 file and another one called mql4 to be able to make the bot and when I download mql5 indicators it only downloads the ex4. What is the use of one file and another?

The mql4 file is editable source code that can be viewed/edited in MetaEditor.

ex4 files are executable files compiled from the mql4 files and the compiled source code is not viewable/editable in MetaEditor.

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