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Before deciding to participate in the forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair.
Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.
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Forex trading involves risk. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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It would be nice to use TDI alone, i.e. no S/L or P/T (also no Stochastic, MA's etc.). When TDI alerts a Sell then I stay in the sell until a Buy alert comes. Then I go long until the next Sell alert comes. This is what I do using TDI manually and it works just great. Provided I avoid lazy market times...
You can use only the TDI signal, everything else can be either disabled or ignored. For example, if you don't need the Stochastic confirmation simply set the Confirm Entry by = No confirmation.
Also, you can set the SL/TP to some ridiculous high values so the price will never reach them. Having a TakeProfit of 10000 pips would be the same as not having it at all.