An indicator can be programmed to monitor several conditions simultaneously. It could monitor your pin bar, S/R area, watch for trend, or whatever specific criteria you are looking for. You only need to define clearly what each of the conditions are in a logical format.
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?
That’s magnificent if you can view several charts with different currency pairs, go step-by-step through all of your rules to qualify your entry, and place one or multiple entries. Then come back in xx hours and get out with profit. And you do this all without clear entry exit rules for each condition you are looking for in the market. I admire what you are trying to do, except it is confusing without any type of consistency and specific rules.
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
As I said before, you can create several conditional statements to cover each possible “what if” that your trading plan entails. For example, “if price has done ‘x’ around PA signal, place stop above/below pin bar level. If price has done ‘y’ around PA signal, then use detected support/resistance level.” You don’t have to be a programmer; this requires clear rules of engagement. There are core aspects of a trading system that remain the same: entry detection, actual entry(ies), and actual exit(s).
This has nothing to do with making EA or indicator. The core point is about having a logical trading format/plan/etc. Once you have that, the next step when you are ready is to make EA or indicator. I was actually interested in what Johnathon may have developed, but find it extremely difficult to follow with no clear rules.