News trading is permitted during the Challenge Phase. However, in the Live Simulated Accounts, News trading is prohibited.
Any trade opened or closed 3 minutes before or after a Red Label/High-Risk news release will result in the removal of any profits made on all applicable trades in violation. It is important to note that this is a soft breach and will not result in the termination of your account. You are also free to continue holding news trades through the 6-minute violation window. If your position has been executed 3 hours before the news event and gets closed within the 6-minute window. You will be able to maintain your profits. If your position was not executed more than 3 hours before the news release window and your position gets closed during the news release window, your profits will be removed.
Trades opened 3 hours and longer before a Red Folder News Event and closed within the 6-minute window will not be removed.
Trades opened less than 3 hours before the Red Folder News Event and closed within the 6-minute window will have their profits removed.
Any trades opened and closed within the 3-minute window before or after the release will have your profits removed.
To understand which news events are applicable, please visit FOREXFACTORY, which will align with our restrictions filtered by “red folder/red label”.
Only the affected currencies are restricted during the news event relating to the affected pair. For example, all news events affecting USD will result in the restriction of USD-denominated pairs such as EURUSD, GBPUSD, XAUUSD, SPX, NAS, DOW, etc. Forexfactory includes the affected currency for each news event for reference.
Affected Instruments
Macroeconomic Announcements
USD
USD - RED FOLDER NEWS/HIGH IMPACT NEWS
Unemployment Rate
Non-Farm Payrolls and Employment
PMI
ISM
CPI
PPI
GDP
Federal Funds Rates and Statements
FOMC
Trade Balances
Jobless Claims
Consumer Confidence
JOLTs Job Openings
Average Hourly Earnings
10Y Note Auction
30Y Bond Auction
Existing and New Home Sales
Durable Goods Orders
Speeches
EUR
PMI/ANY RED FOLDER NEWS EVENT
CPI
GDP
Employment Change
Unemployment Rate
Retail Sales
Balance of Trade
ECB Rates and Statements
Deposit Facility Rate
Economic Sentiment Index
Business Climate
Consumer Confidence
Speeches
GBP
PMI/ANY RED FOLDER NEWS EVENT
CPI
GDP
Nationwide House Prices
Mortgage Approvals
Retail Sales
Retail Price Index
Housing Price Balance
BOE Rates/Statements
Trade Balances
Industrial/Manufacturing Production
Unemployment Rates
Employment Change
Claimant Count Change
Consumer Confidence
Speeches
CAD
PMI/ANY RED FOLDER NEWS EVENT
BOC/RATES/STATEMENTS
CPI
GDP
International Trade
Wholesale Sales
Housing Starts
Balance of Trade
Employment Change
Unemployment Rate
Retail Sales
Speeches
AUD
Cash Rate/RBA Statement/ANY RED FOLDER NEWS EVENT
Employment Change/Unemployment Rate
CPI
GDP
Retail Sales
Speeches
NZD
Official Cash Rate/RBNZ Rate Statement/ANY RED FOLDER NEWS EVENT
Employment Change/Unemployment Rate
CPI
GDP
Speeches
CHF
CPI/ANY RED FOLDER NEWS EVENT
GBP
SNB Policy Rate
Speeches
JPY
PMI/ANY RED FOLDER NEWS EVENT
CPI
GDP
Monetary Base/statements
Leading Economic Index
Japan to Sell Bonds
Industrial Production
Merchandise Trade Balance
BoJ Rates/Statements
Retail Trade
Consumer Confidence
Balance of Trade
Speeches
OTHER INSTRUMENTS
Announcements
OIL (USOIL & UKOIL)
Crude Oil Inventories
Pending orders added but not executed during the news window will not be affected in any capacity as they are not buy or sell orders. We understand this somewhat limits long-term swing traders and are exploring options to allow this under certain conditions.
Please note: Opening and closing positions immediately before the news window and after are subject to having your profits removed. We do not promote gambling here and nor do we condone it.
Please familiarize yourself with this calendar and the dates of Red Folder news events. To access the link directly, please click the button below:
We hope that this will promote good risk management and more consistent trading behavior within our trading community and will help clients establish a good, consistent trading pattern.
Disclaimer:
All content published and distributed by MyFunded Capital LTD; SeacrestFunded; and its affiliates (collectively, the “Company”) is to be treated as general information only. None of the information provided by the Company or contained herein is intended as investment advice, an offer to buy or a solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any future contract, security, company, or leveraged instruments. Leveraged products such as CFD’s and FX trading are complex instruments with a high risk of losing money. The information on the website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation. Copyright (c) 2023-2024. All right Reserved. MyFunded Capital LTD