No modifications or new positions/orders are permitted from 3 minutes before a high-impact news event (red folder) until 3 minutes after the event concludes. Pre-defined Stop-Loss (SL) and Take-Profit (TP) orders that were placed before the restricted window are permitted if they are executed during the event.
Source: Forex Factory Economic Calendar
Applicable Events
This rule applies to all currency pairs during the following high-impact news releases:
- U.S. Consumer Price Index (CPI)
- FOMC Statements and Meetings
- Non-Farm Payroll (NFP) Reports
- Interest Rate Decisions (for all major currencies)
High-Impact Currency Restrictions
During news events, trading is restricted on:
- All pairs that contain the affected currency (e.g., EURUSD, EURJPY)
- Any related indices priced in that currency (e.g., DE30 for EUR events)
- Tentative News: Treated as all-day restrictions for the affected pairs
Violations
Each violation of the news rule will result in a soft breach of the account.
Black Swan Rule
In the event of unscheduled or extreme market-moving events, the risk team may invalidate trades at its discretion. These “black swan” events are not scheduled but may have significant impact on market behavior.