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OANDA Prop Trading has restrictions on trading during major financial news events such as NFP, CPI, GDP, FED, ECB announcements. Participants should avoid executing any new trades or closing existing trades within a four-minute window: 2 minutes before and 2 minutes after the release of major news announcements. It’s important to note that executing a trade refers to either opening or closing trades from triggered pending orders (Entry Stops or Entry Limits), market orders, or EAs (Expert Advisors).
Exceptions to the news trading rules may be applied in some cases on review, for instance where open positions are closed due to triggered SL/TP orders.
News Trading is a forbidden practice as stated in our Terms and Conditions (available here), and can result in profit removal and/or account termination. To locate major economic news events, please refer to:
Any trades that are opened during this timeframe regardless of instrument traded will be automatically closed, and any profits or losses will be reflected in the account.