After years of experiences, losses, failures, books, and of course profits, I simplified everything I learned and made use of my expertise as a software engineer and data scientist at https://www.tradingadvisor.app If you want to know more about the reasons and how it works, I have an article where I talk about it https://medium.com/p/81e886b4f67e

That said, this is my day-to-day trading.

1. When I have time (I have other projects), I go to https://www.tradingadvisor.app/ and check which signals are live (Note: I only consider those with status BUY or SELL, those with HOLD is at your own risk if wants to enter late)

1. In this case, a currency has a buy signal (USD/SEK) so I proceed to check if it has any current or future news that may affect its volatility

According to investing.com there is nothing for the day, the news comes from the previous day, therefore I make the decision to trade this instrument.

1. After deciding what to trade, the most important step is risk control, particularly I have this simple rule:

   The stop loss cannot represent more than 10% of my capital.

   That number will depend on each person, it is the one I use and it works for me because it is the risk I am willing to expose myself to. With the maximum stop loss established, now it remains to calculate the lot to operate.

2. Operate and wait for results:

Keep in mind what Take Profit 1 and Take Profit 2 mean:

• I use take profit 1 as the first level to reach, here I can make two decisions:

1. Establish a trailing stop loss: Recommended to get the maximum profit.
2. Close the operation: Recommended for safer profits.