Here is a detailed explanation of our new 2 Step News Plan:
News Trading is allowed but must still follow the rules of risking no more than 2% of your account. If found to be in violation of this your account will be placed on Risk Restriction.
Max Drawdown 8%
Profit target 1st Phase 10%
Profit Target 2nd Phase is 6%
Daily Drawdown 4%
35% Consistency only in the Challenge Phase
No Consistency in Funded
7 minimum required profitable trading days of 0.25%
90% Profit Split
News trading is permissible under 2-step NEWS plans, with the exception of bracket strategies surrounding news events.
10 successful payouts you move to 95% profit split
20 successful payouts you move to 100% profit Split
Bracketing strategy involves placing both BUY STOP and SELL STOP orders simultaneously just before the release of significant news. This approach aims to capture market movements by setting pending orders just above and below the market price prior to the announcement. When the news is published, it often leads to increased volatility that can trigger one of the pending orders. As a result, the trader has the opportunity to capitalize on the price swing, potentially generating a profit from the market’s response to the economic data. This is not allowed here.
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