SQL Server's query plan cache assigns an 8 byte hash value that identifies queries with similar SQL text but disregarding parameter values. It sounds like perhaps the goal of your project is to aggregate performance metrics like CPU or disk reads by common query type. If so, then you can achieve this by simply querying sys.dm_exec_query_stats instead of using SQL Profiler traces.

http://msdn.microsoft.com/en-us/library/ms189741.aspx

For example:

SELECT TOP 5 query_stats.query_hash,

SUM(execution_count) Sum_Execution_Count,

SUM(query_stats.total_worker_time)

/ SUM(query_stats.execution_count) AS Avg_CPU_Time,

max(total_logical_reads) Max_Reads,

MIN(query_stats.statement_text) AS Statement_Text

FROM

(SELECT QS.*,

SUBSTRING(ST.text, (QS.statement_start_offset/2) + 1,

((CASE statement_end_offset

WHEN -1 THEN DATALENGTH(ST.text)

ELSE QS.statement_end_offset END

- QS.statement_start_offset)/2) + 1) AS statement_text

FROM sys.dm_exec_query_stats AS QS

CROSS APPLY sys.dm_exec_sql_text(QS.sql_handle) as ST) as query_stats

GROUP BY query_stats.query_hash

ORDER BY Avg_CPU_Time desc;