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 first considered a soft breach, meaning your account will remain open, further violations might lead to a termination of your account.
10-Minute News Restriction Window Trading Rule
Trading is restricted within the 10-minute window surrounding a high-impact news event (5 minutes before and 5 minutes after).
Restricted Actions During the 10-Minute Window:
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
News Trading Exception:
If a trade was opened at least 5 hours before the news event, its Stop Loss or Take Profit can still be triggered within the restricted window without violating the rule.
Any manual closing of trades within the restricted window will be considered a violation of the rule.
Traders remain responsible for ensuring compliance with this rule, as violations may result in profits being deducted and multiple violations may lead to a hard-breach.
High-Impact News Events:
Only high-impact news events that are directly related to the trading pairs you are working with are restricted. You are free to trade during low or medium-impact news events or events that do not directly affect your trading pairs.
Please note: All major U.S. high-impact news events (marked as 'Red Folder') affect all trading instruments, example of these News include:
Federal Reserve Interest Rate Decisions
FOMC Statements and Meetings
Non-Farm Payrolls (NFP)
U.S. Consumer Price Index (CPI)
Any other HIGH impact US news
In general, if it’s a high-impact U.S. news event, it affects all trading pairs. For a complete list of high-impact news events, please refer to our 2 news calenders we use: FXStreet and RebateFX.