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How to read Benham's signals:
1. TIME_GATE - tells us time window, since when we start monitoring the chart - directly in signal
2. DIRECTION_ARMED - High then Sell / Low then Buy - directly in signal
3. EXECUTION_ALLOWED - directly in signal
4. LOW/HIGH_FORMATION - the market creates local minimum/maximum - directly in signal
5. RECLAIM_TRIGGER - reverse candle and first entry
6. POSITION_BUILDING - gradual position building - directly in signal - text example: "Small size and step by step"
7. FORMATION_COMPLETE - M5 stability + M1 structure break
8. RISK_FREE / TP / CLOSE - management of campaign and closure - directly in signal
SL and TP
- Benham uses the name "pips": 1 benham's pip = 1 USD of price change in XAUUSD
- SL is calculated from the outer boundary of the buy/sell zone.
The only problem is, that often information about SL, TP or exact entry are missing.
I'm trying to parse them and automate them somehow.