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 |
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GBP UK100 UK500 |
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EUR DAX30 FRA40 GER30 |
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CAD |
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AUD ASX200 |
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CHF |
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NZD |
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JPY |
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