Building a tagging system for trades

A trade is placed when a set of conditions are met giving you a more than random probability of some output. This is generally called a setup.

I want a way to identify and keep track of these setups.

To start with, I am creating a simple excel format managed on Google sheets where I note the following:

• Strategy name
• Ticker
• Time frame
• Entry candle date and time
• Direction of trade

I can create multiple excel files with the above data for different strategies. I can use this to further study the properties of these occurrences and build models to identify them in live feed.

NOTE: I am not sure if this approach will work or not but this is a common practice to solve many complex problems using machine learning and hence I am taking this approach.

I will do this for one ticker as proof of concept and test if it works. If the approach works then I might automate this process and use machine learning to identify similar occurrences in the data.