Disclaimer
By continuing to hold trades during a major news event, you acknowledge and accept the potential risks involved. These risks include slippage, market gaps, delayed executions, and increased volatility. Top One Trader is not liable for any losses incurred due to slippage caused by news events.
Trading News Events
During all challenge phases, you are free to trade during news events without any restrictions.
For funded traders, however, it is prohibited to execute or close any trade within the window of 5 minutes before and 5 minutes after a high-impact news event.
Clarification on "Executing a Trade":
Executing a trade refers to:
Opening or closing any pending order (including stop loss or take profit)
Executing a market order
You are permitted to hold trades on affected instruments if they were opened more than 5 minutes before the restricted news window. However, if your stop loss or take profit is triggered during the restricted window, it will be considered a violation. Any gains made from such trades will be deducted and will not be eligible for withdrawal.
Note: Violating news trading rules is considered a soft breach, meaning your account will remain open.
Prohibited Actions During the 10-Minute News Restriction Window (5 minutes before and after the event):
Opening new trades (Market Execution/Limit Orders)
Closing trades (Market Execution/Limit Orders)
Modifying Stop Loss or Take Profit
Placing Buy Stop or Sell Stop orders
Exceptions: Swing traders and intraday traders with positions open for more than 1 hour prior to the news event may still have their take profit level validated if it is triggered within 5 minutes after the event.
High-Impact News Events:
Only high-impact news events that directly correlate with the trading pairs you are dealing with are restricted. You are free to trade during low or medium-impact news events, or during events not directly related to your trading pair.
The following high-impact news events affect all trading instruments:
Federal Reserve Interest Rate decisions
FOMC Statement and Meetings
Non-Farm Payrolls
US Consumer Price Index (CPI)
For a full list of high-impact events, please refer to our Economic Calendar.