You are allowed to hold trades during news events. However, you are not allowed to open or close a trade 8 minutes before and 8 minutes after high-impact news events. On days with all day high impact news, trading is permitted however profit made on such days combined should not exceed 25% of your payout request.
The trade(s) opened or closed within the restricted 8-minute window will be reviewed, and the profits will be deducted during payout. If the profits generated from news trades (excluding all day news trades) exceeds 25% of the trader's profit share, the payout will be rejected and your profit share forfeited. Repeat offences may also lead to the termination of your account.
This rule applies to all types of trades, including manual open or close, pending orders, stop loss, and take profit orders.
Note: It is important to note that all high-impact news is restricted regardless of the trading pair.
All Day News
On days with all day high impact news, significant increases in volatility and rapid fluctuations in prices often occur. This level of volatility along with slippage and liquidity constraints means that some trades may not have been filled as they would in a typical environment. The restrictions implemented for these days is intended to ensure that trading results reflect more realistic market conditions and execution scenarios. We encourage everyone to review their trades carefully with these considerations in mind.
Speeches
During speeches, the same time restrictions apply as for high-impact news events, except that the restricted time window starts before the speech, and ends after the speech concludes.
i.e. you are not allowed to open or close a trade 8 minutes before the speech begins and 8 minutes after the speech ends.
Example
If you have high-impact/red folder news at 5pm UTC, trades cannot be opened or closed from 4:52pm to 5:08pm, including TP, SL, or any limit orders, buy stop/sell stop, or manual open and close.
If you have a high-impact/red folder speech at 5pm UTC and ends at 5:30pm UTC, trades cannot be opened or closed from 4:52pm to 5:38pm, including TP, SL, or any limit orders, buy stop/sell stop, or manual open and close.
We use the Forex Factory Calendar as our source for the news calendar.