Can I hold trades during the news and over the weekend?

2 min. readlast update: 11.15.2024
 

During our evaluation Phases 1 and 2, there are no restrictions on holding trades over the weekends. However, for the Fundead account, there are specific restrictions. Details are provided below.

Please note that if your Stop Loss or Take Profit orders are triggered/executed within the restricted period — 5 minutes before and 5 minutes after a specific event, it may be considered a violation. The account will be deactivated. 
  • High impact News and Speeches
All high-impact news events are marked in red in our News Calendar. We use Forex Factory as our news calendar source. If any deductions result in the breach of the daily loss limit or maximum loss limit, the trader is responsible for the violation.
  • Trading Rule Clarification

Closing Trades Near News Events: If you close a trade within 5 minutes of a news event, the account will be deactivated. 

Example:

You are allowed to hold trades during news events in phases 1 and 2. However, on the main account (Fundead), any trades opened or closed within 5 minutes before or after a high-impact event will result in account suspension. For example, if there is a high-impact news event marked in red on Forex Factory at 15:30, trades opened after 15:25 and before 15:35 will lead to account suspension. If you open a trade at 14:50 or any time before the news event, and your Take Profit (TP) or Stop Loss (SL) is triggered during the news event, your account will be suspended. Similarly, if your limit order is triggered during the news event, you will lose your account.

 

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