This article explains the news trading rules for NOVA accounts: news trading is fully permitted during the evaluation, while funded accounts have a restricted window around high impact news events.
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.
News trading per stage
Account stage | News trading |
Evaluation (1 Step) | Trade freely during news events. No restricted time windows apply, high, medium and low impact news may all be traded, and there are no execution or closing restrictions. |
Funded | You may not execute or close trades within 5 minutes before and 5 minutes after a high impact news event (a 10-minute restricted window). |
What counts as executing a trade
Executing a trade includes any of the following actions, all of which are prohibited inside the restricted news window on funded accounts:
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
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:
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Any profit from that trade will be removed and cannot be withdrawn.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 automatically a hard breach on first offence.
The risk team may issue a final warning.
Repeated violations may result in further action.
Exception: the 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 and no violation will be recorded. Manual trade closure inside the restricted window is still prohibited.
High impact news events
Only high impact news events are restricted. Low impact and medium impact news are not restricted, and events must directly affect the traded instrument.
All major United States high impact news events affect all 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, it falls under this rule.
Important notes
News restrictions apply only to funded NOVA accounts.
Profits from violating trades will be removed.
Evaluation accounts may trade news freely.
We reference the FXStreet economic calendar.
Daily Loss Limit and Max Drawdown rules still apply during news.