Disclaimer
By trading during major news events, you acknowledge the increased risks involved. These risks include slippage, market gaps, delayed execution, and heightened volatility.
Top One Trader is not responsible for losses caused by slippage or execution issues during news events.
Challenge Accounts
During Phase 1 and Phase 2, traders may trade freely during news events.
No restricted time windows apply
High impact, medium impact, and low impact news may all be traded
There are no execution or closing restrictions
Funded Accounts
Funded 2 Step Plus accounts are subject to a restricted news trading window around high impact news events.
You may not execute or close trades within
5 minutes before the news event
5 minutes after the news event
The total restricted window is 10 minutes.
What Counts as Executing a Trade
Executing a trade includes any of the following actions:
Opening a market order
Closing a market order
Opening or closing a pending order
Modifying a stop loss or take profit
Placing buy stop or sell stop orders
All of these actions are prohibited inside the restricted news window.
Holding Trades During News
You may hold trades during a news event if the position was opened more than 5 minutes before the restricted window begins.
However, the following conditions apply:
If a stop loss or take profit is triggered inside the restricted window, the trade becomes a violation
Any profit from that trade will be removed and cannot be withdrawn
Violating the news rule is not a breach on its first offence, the risk team may provide you with a final warning.
Exception, 5 Hour Rule
If a trade has been open for at least 5 hours before the news event:
Stop loss or take profit activation inside the restricted window is allowed
No violation will be recorded
Manual trade closure inside the restricted window is still prohibited, even under this exception.
High Impact News Events
Only high impact news events are restricted.
Low impact and medium impact news are NOT restricted
Events must directly affect the traded instrument
All major United States high impact news events affect all trading instruments, including but not limited to:
Federal Reserve interest rate decisions
FOMC meetings and statements
Non Farm Payrolls
United States CPI releases
Any other high impact US economic announcements
If an event is marked as high impact on FXStreet or RebateFX, it falls under this rule.
Important Notes
News rules apply only to funded accounts
Profits from violating trades are removed
Only high impact news is restricted
We look at the FXStreet and RebateFX Economic calender.