Simulated Macroeconomic Trading | Rocket21 Challenge Knowledge Center

Overview

We allow news trading for both Phase I and Phase II of our Simulated Challenges (Regular and Swing)

However, once you are trading a Regular Simulated Funded Account*, we have news restrictions for 2 minutes before and after the release of a red folder event - this includes the opening/closing of market orders, and any take profit or stop losses that are triggered within this 4 minute window.

*this rule does not apply to Swing Simulated Funded Accounts

This applies to all FX, Oil, Crypto, Metals, and Indices instruments.

Violation Process

You will be issued a maximum of 2 warnings (soft breaches) - both of which will result in the deduction of any profits made from trades executed within the restricted 4-minute window.

On the third violation, the account will be breached entirely.

Profit deductions are processed on the following business day of the violation. In the event any deductions result in the breach of the virtual daily or maximum loss limit, the trader is responsible for the violation.

Restriction Table

Please review the restriction table below to see which pairs are prohibited during the following but not limited to news events:

INSTRUMENT	MACROECONOMIC EVENT
USD NASDAQ US30 US500 US OIL GOLD SILVER	Non-Farm Payroll Unemployment Rate FED Rates FOMC Minutes Crude Oil Inventories GDP q/q CPI y/y Red folder government speeches (e.g., government official speaks)
GBP UK100 UK500	CPI y/y Bank Rates MPC Votes Red folder government speeches (e.g., government official speaks)
EUR DAX30 FRA40 GER30	Refinancing Rates Red folder government speeches (e.g., government official speaks)
CAD	BOC Rate Statement Overnight Rate CPI m/m Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
AUD ASX200	RBA Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
CHF	SNB Rate Red folder government speeches (e.g., government official speaks)
NZD	RBNZ Rate Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)
JPY JPN225	JPY Rate Statement Cash Rate GDP q/q CPI q/q Unemployment Rate Employment Change Red folder government speeches (e.g., government official speaks)

Red Folder Events

It is important to note any red folder events shown in Forex Factory that are not listed in the table above are still counted as news-restricted events. Please see all red folder events here by using the top right filter to only show events with a red "Expected Impact".

Note: Any "All Day" marked red folder events will not be counted as news-restricted events, as there are no specified times for the data releases.

Conclusion

You should understand that there are occurrences where slippages occur and the trader is ultimately responsible should one cause a violation of the virtual max drawdown rules. We can not guarantee any virtual profits generated during such high-risk news events and we can’t protect you from any virtual losses taken because the trades may not actually fill.

It is best to avoid trading the specific instruments affected during high-impact news releases, after all, it is the professional way to manage your capital.

Note: You are still expected to trade with a reasonable lot size as if you were trading your own account.

Prohibited trading strategies that violate our Terms of Use