Simulated Macroeconomic Trading

Is trading the simulated news permitted?

Updated over a week ago

Overview

We allow simulated news trading for both Phase I and Phase II of any of our challenges.

However, once you are trading a Simulated Funded Account, we have news restrictions for 2 minutes before and after the release of a red folder event - this includes the opening/closing of market orders, and any take profit or stop losses that are triggered within this 4 minute window.

This applies to all FX, Metals, and Indices instruments.

Violation Process

You will be issued a maximum of 2 warnings (soft breaches) - both of which will result in the deduction of any simulated profits made from trades executed within the restricted 4-minute window.

On the third violation, the account will be breached entirely.

Simulated profit deductions are processed on the following business day of the violation. In the event any deductions result in the breach of daily or maximum loss limit, the trader is responsible for the violation.

Restriction Table

Please review the restriction table below to see which pairs are prohibited during the following but not limited to news events:

INSTRUMENT

MACROECONOMIC EVENT

USD

NASDAQ

US30

US500

US OIL

GOLD

SILVER

  • Non-Farm Payroll

  • Unemployment Rate

  • Crude Oil Inventories

  • FED Rates

  • FOMC Minutes

  • GDP q/q

  • CPI y/y

  • Red folder government speeches (e.g., government official speaks)

GBP

UK100

UK500

  • CPI y/y

  • Bank Rates

  • MPC Votes

  • Red folder government speeches (e.g., government official speaks)

EUR

DAX30

FRA40

GER30

  • Refinancing Rates

  • Red folder government speeches (e.g., government official speaks)

CAD

  • BOC Rate Statement

  • Overnight Rate

  • CPI m/m

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

AUD

ASX200

  • RBA Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

CHF

  • SNB Rate

  • Red folder government speeches (e.g., government official speaks)

NZD

  • RBNZ Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

JPY

JPN225

  • JPY Rate Statement

  • Cash Rate

  • GDP q/q

  • CPI q/q

  • Unemployment Rate

  • Employment Change

  • Red folder government speeches (e.g., government official speaks)

Red Folder Events

It is important to note any red folder events shown in Forex Factory that are not listed in the table above are still counted as news-restricted events. Please see all red folder events here by using the top right filter to only show events with a red "Expected Impact".

Note: Any "All Day" marked red folder events will not be counted as news-restricted events, as there are no specified times for the data releases.

Final Remarks

To clarify, you can still trade news only on challenge accounts and it will not be a direct violation. However, you should understand that there are occurrences where slippages occur and the trader is ultimately responsible should one cause a violation of the max drawdown rules. We can not guarantee any simulated profits generated during such high-risk news events and we can’t protect you from any simulated losses taken.

It is best to avoid trading the specific instruments affected during high-impact news releases, after all, it is the professional way to manage your capital.

Note: You are still expected to trade with a reasonable lot size as if you were trading your own account.

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