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Can I Trade The News?

Can you trade the news?

Updated over 2 months ago

Can I Trade The News?

In our new Addons challenge, you need the news trading add-on to trade news throughout all stages. Placing trades on Addon accounts without the news trading add-on during news events will result in a violation.

For our old model challenges:

  • Regular and Swing Accounts (Challenge Phase): News trading is allowed.

  • Regular and Swing Accounts (Funded Phase): News trading is not allowed.

  • Plus Model: The news restriction rule does not apply.

Note that any TopTier Challenge purchased from the 22nd of January 2024 would be an Addon account.


Additional Information

Prohibited accounts are not permitted to execute new trades or close existing trades on instruments being targeted by red folder macroeconomic events in the window of ≈ 10 minutes (≈ 5 minutes before and ≈ 5 minutes after the release of a red folder event).

For clarification, executing a trade is defined as opening, closing, or the modification of either a pending or market order.

You are permitted to hold your trades on instruments being targeted by red folder macroeconomic events that were open for more than ≈ 5 minutes prior to the restricted red folder macroeconomic event.

Please Note: If your trade were to close, this includes your SL/TP being triggered prior to ≈ 5 minutes before until ≈ 5 minutes after the red folder macroeconomic event, any profits of those affected trades will be revoked and a warning will be issued to the member. Trades that result in a loss will not be compensated and will still receive a violation warning.

All-Day News Events:

Trading during all-day news events is strictly prohibited. Coverage for these events spans a full 24-hour period, from 12:00 a.m. to 11:59 p.m. on the specified date. Any trading activity on the affected symbols during this period will result in a violation, unless a News Trading Add-on is enabled on the account.


Links

Red Folder Macroeconomic Events can be found under the following link:

Forex Factory

FX Street



The following table illustrates some of the Events that restrict trading activities. To see all Major Announcements, please go to the link mentioned above.

INSTRUMENT

MACROECONOMIC EVENT

USD

NASDAQ

US30

US500

US OIL

GOLD

SILVER

  • Non-Farm Payroll

  • Unemployment Rate

  • FED Rates

  • FOMC Minutes

  • GDP q/q

  • CPI y/y

  • Red Folder Government Speeches

GBP

UK100

UK500

  • CPI y/y

  • Bank Rates

  • MPC Votes

  • Red Folder Government Speeches

EUR

DAX30

FRA40

GER30

  • Refinancing Rates

  • Red Folder Government Speeches

CAD

  • BOC Rate Statement

  • Overnight Rate

  • CPI m/m

  • Unemployment Rate

  • Employment Change

  • Red Folder Government Speeches

AUD

ASX200

  • RBA Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red Folder Government Speeches

CHF

  • SNB Rate

  • Red Folder Government Speeches

NZD

  • RBNZ Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red Folder Government Speeches

JPY

  • JPY Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

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