These are the general prohibited trading methods that apply to the 2x Evaluation and No Evaluation Challenges. However, the 1X Evaluation has additional specific conditions, including but not limited to rules regarding News Trading and holding trades over the weekend. For more detailed information on these specific conditions, please refer to the dedicated section "What is the 1X Evaluation Challenge" for the 1X Evaluation rules.
Traders must refrain from opening any trades within 1 minute prior to or after major news announcements. To clarify, this includes executing pending orders (such as stop loss or take profit) or market execution. However, you may hold trades that were opened more than 1 minute before the restricted news event. Please note that if your stop loss or take profit is triggered during the restricted time window this will not be a violation. Failing to comply with these restrictions may result in a hard breach and subsequent failing of a challenge.
Major news events are categorized in our Economic Calendar as High Importance and include but are not limited to:
• Consumer Price Index (CPI)
• Producer Price Index (PPI)
• Gross Domestic Product (GDP) releases
• Unemployment Rate announcements
• Non-Farm Payrolls (NFP)
• Federal Open Market Committee (FOMC) meetings and statements
• Central bank interest rate decisions (e.g., Federal Reserve, European Central Bank, Bank of England, etc.)
• Retail Sales reports
• Consumer Confidence Index (CCI)
• Purchasing Managers' Index (PMI)
You can find the Economic Calendar here