Overview
We allow news trading for both Apollo 11 and Standard challenges (Regular and Swing).
However, once you are trading a 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 applies to all FX, Oil, Crypto, Metals, and Indices instruments.
Violation Process
This check will be conducted when you submit your withdrawal request if the risk team find a violation this will result in the deduction of any profits made from trades executed within the restricted 4-minute window.
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 |
|
GBP UK100 UK500 |
|
EUR DAX30 FRA40 GER30 |
|
CAD |
|
AUD ASX200 |
|
CHF |
|
NZD |
|
JPY JPN225 |
|
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 cannot 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.