Ok great. There just a few things you haven’t answered from my previous message. Please firstly forgive me if I am wrong as you clearly have a lot more knowledge of MT4 scripts and EA’s.
As I said in the previous message the key to placing good Price Action trades is building confluence around a trade. Basically if someone was to enter every pin or every engulfing bar they would be flogged and repeatedly. The trader however that trades with sold confluence such as trend and S/R will do far better.
How do we get an indicator to tell us that price is rejecting a good enough S/R area to place a trade? or that it is trading within a trend? How do we get an indicator to tell us price has pulled back a decent amount?
I understand you can make an indicator tell you if some form of PA has formed but as I said this is near on useless.
Seeing if there is a trade should literally take now longer than 30 mins per day. This is enough to check each daily close and then 2 x 4 hour close candles that close during the UK/US sessions.
If you are going to make a whole heap of mini indicators can I again ask what on earth is the point? When I can do the same but more efficiently with my own brain?
I have seen many try to reinvent the wheel and each time I wonder why… when the wheel was invented such a long time ago. Nothing we are doing here is new! but it works. Why the need to change anything? Or try and make something?
Lastly as you said yes stops and trade management do change from trade to trade. The reason you can’t input this into an indicator is because sometimes the stop is based on what price has done around the PA signal. For example instead of placing the stop above or below the pin bar you may use relevant support and resistance.
As I said in the previous message I hope you find what you are looking for and create a whole heap of mini indicators that alerts you to what everyone else can already see.
Safe trading and all the success,
Johnathon