Conversion of Pine Script (Predictive Ranges Break Out Indicator) to MT4/MT5 Expert Advisor

Project Description:

I have a Pine Script indicator used for trading any forex and/or stock instrument based on various time frames. I need to convert this indicator into an Expert Advisor for MetaTrader 4 or MetaTrader 5. The EA should replicate the functionality and logic of the Pine Script indicator, including all the parameters, conditions, and alerts. Below is the detailed description of the Pine Script code and its functionality.

Indicator Details:

1. Indicator Name: Predictive Ranges Break Out
2. Indicator Version: 40
3. Trading Pair/stock: any
4. Time Frames: any
5. Trading Strategy: Breakout support and resistance levels based on ATR multiplication Levels with hedging buy/sell signals based on the Break out Range and number of signals. (option: using Machine learning and Neural Network to determine the levels multiplications will be an addition with extra budget)

Parameters and Inputs:

• Pair Decimals: Number of decimal places for the trading pair values.
• Initial Risk: Initial risk amount in USD.
• Length: Period length for calculations.
• Factor: Multiplier factor for calculations.
• Outer Range Multiplier: Multiplier for the outer range.
• Inner Range Multiplier: Multiplier for the inner range.
• Spans Multiplier: Multiplier for the spans.
• Hold ATR Multiplier: Multiplier for the ATR (Average True Range).
• Source: Data source for calculations (e.g., close price).
• Line Width: Width of the plotted lines.
• Line Transparency: Transparency level for the lines.
• Fill Transparency: Transparency level for the fills.
• Base Spread Value: Base spread value for the calculations.

Indicator Logic:

1. Predictive Ranges:
• Calculate predictive ranges based on the given multipliers and lengths (optionally using machine learning and Neural network).
• Determine the potential gains and losses within these ranges.
2. Signals:
• Generate buy and sell signals based on specific conditions (e.g., price crossing up/down certain levels).
• Include alerts for these signals with target prices and stop losses.
3. Stop Loss and Take Profit:
• Calculate stop loss and take profit levels based on the given risk parameters and stop-loss / target percentages.
• Update trailing stop levels dynamically (option).
4. Alerts and Notifications:
• Set up alerts for buy/sell signals and stop loss updates.
• Display a table with various output values such as target levels, stop loss levels, and gain/loss percentages (option).

Additional Requirements:

1. EA Functionalities:
• The EA should place trades based on the buy/sell signals generated by the indicator.
• It should manage trades, including setting stop loss and take profit levels.
• The EA should update trailing stop levels as per the indicator logic (option).
2. Alerts and Notifications:
• The EA should have the ability to send alerts and notifications similar to the Pine Script indicator.
3. Customization:
• The EA should allow for customization of all the parameters and inputs mentioned above.
• Provide options to enable/disable specific features (e.g., bullish/bearish breakout levels – trailing stop levels – reset for signals).

Deliverables:

1. Source code of the EA for MT4/MT5.
2. Compiled version of the EA (.mql4 for MT4, .mql5 for MT5).
3. Documentation explaining the EA's features, parameters, and usage.

Budget: 100 usd (machine learning and Neural network 200 usd)

Deadline: 2 weeks

Contact Information:

Please provide your proposals and feel free to ask any questions for further clarification.