Applies Exclusively to Simulated Funded Accounts
Trading Restrictions Around Economic News Releases:
Trade Timing:
- Trades must not be initiated within 5 minutes before or after a high economic news release.
Permissible Orders:
- Positions opened more than 5 minutes before a news release may be held through the news event.
Limit orders set more than 5 minutes before a news release, with predefined Stop Loss (SL) and Take Profit (TP), are allowed if activated during the release.
Prohibited Actions:
- Manual opening or closing of trades within 5 minutes before or after a high economic news release, Or during a high economic news release is strictly prohibited.
- Moving Stop Loss (SL) or Take Profit (TP) during this time is also prohibited.
Consequences:
- First violation: Soft breach and forfeiture of profit.
- Second violation: Hard breach of the account.
- News Source:
- We utilize Forex Factory for news-related releases.
Affected News Releases:
- This rule applies to all pairs on the following news releases:
- U.S. Consumer Price Index (CPI)
- Federal Open Market Committee (FOMC) Statement
- FOMC Meeting
- Non-Farm Employment Report
- This rule applies to all pairs on the following news releases:
Red Folder News Events:
- For red folder news events impacting a specific currency (e.g., GBP), trading is restricted for all pairs involving that currency(e.g., GBPUSD,GBPJPY) and any indices(e.g., FTSE100) priced in that currency.
- For all-day red events, trading is restricted for all pairs involving the corresponding currency for the entire day.
Speeches:
- If a speech is labelled red on Forex Factory, you must wait for the speech to end. Only after 5 minutes can you resume trading freely. During this time, all the above rules apply.
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