Our company’s news trading rule is very simple.
Standard account traders are not allowed to hold open positions involving high-impact currency pairs during major economic news releases.
Standard account holders must close relevant trades at least 10 minutes before a high-impact news release and cannot open trades until 10 minutes after the news has been published.
High-impact economic news is defined by orange or red folder events on www.forexfactory.com.
During red folder news releases, trades involving indices and crypto pairs are also prohibited.
Example #1:
During the "UK Consumer Price Index" news release (impacting GBP), you cannot have any open positions involving GBP pairs.
Only pairs not involving GBP may remain open during that time.
Example #2:
During the "Non-Farm Payroll" release (impacting USD), you cannot hold any positions involving USD pairs, indices, or crypto assets.
This includes commodities priced in USD such as XAUUSD, XTIUSD, OIL, etc.
Swing account traders are allowed to hold trades during news events.
For Standard account traders:
On the first violation, you will receive a warning.
If the position was profitable, the profit will be voided and your account reset to the starting balance.
If it was a loss, the account will continue as is.
On the second violation, the account will be terminated.