Yes, but…

Traders cannot open or close trades 2 minutes either side of a red folder news event release. The two-minute window includes trades hitting TP, profit target and pending orders. This includes trades that have been opened prior to the news event and trades, that hit our profit target during the time window. Any evaluation accounts passed based on this style of trading, will not pass our challenge. 

We have an auto-close feature where your trades are automatically closed when your target profit has been met. If your trades are closed during a news event, whether or not a take profit is set, it will be considered a violation of our 2-minute before and 2-minute after news trading time restriction. Traders who pass based on trades executed during these restricted times will not pass the challenge.

Live Accounts

Live accounts follow the same news trading procedures. Any profits generated from a news trading event will not be credited during the challenge phase or live phase in the allocated time window. News trading for instant funding does not apply. 

What is considered Red Folder news?

Any Red Folder news events on ForexFactory are deemed part of the news restriction period. 

Different Red Folder news impacts the rules for the pairs you might be trading. If the Red Folder News aligns with one of the pairs below, that will be implemented in our news trading procedures. 

Affected Instruments:

Macroeconomic Announcements  

ALL INSTRUMENTS; 

CPI; FOMC Statement; FOMC Meeting Non-Farm Employment Change;

XAUUSD | XAUUSD | XAGUSD | XAGUSD 

All USD high impact news; All AUD high impact news;  All CAD high impact news; All currency  - Interest Rate decision + Press Conference all currency - CPI all currency - GDP Growth Rate all currency - CORE PCE USD (related to Forex, Commodities & US indices, US30, US100 US500). 

USD 

High impact news Unemployment Rate; Non-Farm Payrolls and Employment PMI; ISM; CPI; PPI; GDP Federal Funds Rates and Statements + Press conference; FOMC Balance of Trade Jobless Claims; Consumer Confidence/Sentiment; JOLTs Job Openings; Average Hourly Earnings; 10Y Note Auction; 30Y Bond Auction; Existing and New Home Sales; Durable Goods Orders; Speeches; Empire State Manufacturing Index; Retail Sales Core PCE 

EUR 

(FOREX Only, EU Indices) PMI; CPI; GDP Employment Change; Unemployment Rate; Retail Sales; Balance of Trade; ECB Rates and Statements + Press conference; Deposit Facility Rate; Economic Sentiment Index; Business Climate Consumer Confidence Speeches;

GBP 

(FOREX Only) PMI; CPI; GDP Nationwide House Prices Mortgage Approvals; Retail Sales; Retail Price Index; Housing Price Balance; BoE Rates and Statements + Press conference; Trade Balances Industrial and Manufacturing Production; Unemployment Rates; Employment Change Claimant Count; Change Consumer Confidence Speeches

CAD 

(FOREX, Oil) BoC Rates and Statements + Press conference; PMI; CPI; GDP International Merchandise Trade; Wholesale Sales Housing Starts Balance of Trade Employment Change; Unemployment Rate Retail Sales Speeches;

AUD

(FOREX Only) Cash Rate & RBA Statement + Press conference Employment Change/Unemployment Rate; CPI; GDP Retail Sales Speeches;

NZD 

(FOREX Only) Official Cash Rate & RBNZ Rate Statement + Press conference; Employment Change/Unemployment Rate; CPI; GDP Speeches;

CHF 

(FOREX Only)  CPI; GDP; SNB Policy Rate + Press conference Speeches;

JPY 

(FOREX, Asian Indices) PMI; CPI; GDP Monetary Base Leading Economic Index Japan to Sell Bonds; Industrial Production Merchandise Trade; Balance BoJ Rates and Statements + Press conference; Retail Trade Consumer Confidence Balance of Trade Speeches  

USOIL.PRO/RAW | UKOIL.PRO/RAW | ALL CAD HIGH IMPACT NEWS 

Crude Oil Inventories