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.
For our 1 Phase model:
1 Phase Model (Challenge Phase): News trading is allowed
1 Phase Model (Funded Phase): News trading is allowed only with the News Trading addon.
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.
Tentative News Events:
What is a "Tentative" news event?
A "Tentative" news event refers to an economic or market event with an uncertain or adjustable start time. These events are labeled as "Tentative" because the official timing may not be confirmed until shortly before—or even after—the event begins.
Will deductions still apply to "Tentative" news events?
Yes, deductions will still apply to all "Tentative" red-folder news events. These deductions are based on the official event start time as posted by the monitored sources listed below.
What happens if the official event time is not updated immediately?
In some cases, the official start time of a "Tentative" event may not be updated for several minutes after the event begins. Customers are responsible for staying informed and monitoring "Tentative" news events and the affected symbols.
How are deductions calculated for "Tentative" events?
Deductions are based on the officially posted event start time, with a tolerance of ±5 minutes for trades opened or closed around that time.
How can I avoid issues with "Tentative" events?
To minimize risks, we recommend closely monitoring "Tentative" news events for any updates. If you prefer not to track these events manually, you can purchase the News Add-On, which allows you to trade without worrying about news event timing.
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 |
|
JPY |
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