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This section clarifies the rules and restrictions regarding trading during high-impact economic news events.
General Policy and Penalties
Q: Is trading during high-impact news events (News Trading) permitted?
A: No. News Trading is a forbidden practice as stated in our Terms and Conditions. Engaging in News Trading can result in profit removal and/or account termination.
Q: If an existing position is closed by Stop Loss (SL) or Take Profit (TP) during the restricted period, will I receive a breach?
A: No. Automated protective actions like position closures due to a pre-set Stop Loss or Take Profit trigger do not result in a breach or penalty on your account. There are no Soft or Hard Breaches imposed for actions taken by the system during this time.
Timing and Trading Restrictions
Q: When are the restrictions on trading active?
A: Restrictions are active for a total of 4 minutes during high-impact economic news events:
- 2 minutes before the announcement.
- 2 minutes after the announcement.
Q: What specific trading actions are forbidden during the 4-minute restriction window?
A: All manual and automated trading operations are restricted, including:
- Opening new trades (Market Orders, EA activity).
- Manually closing existing trades.
- Modifying Stop Loss (SL) or Take Profit (TP) orders.
- Placing or modifying Entry Stop or Entry Limit orders.
Q: What happens if a pending order (e.g., a Buy Limit) is triggered during the restriction window?
A: Pending orders that are triggered within the 4-minute period will be automatically cancelled by the system.
Q: Can I still use my pre-set Stop Loss or Take Profit orders?
A: Yes. Existing positions can only be closed if a pre-set Stop Loss (SL) or Take Profit (TP) order is triggered by the market movement.
Restricted News Events
Q: Which economic news events trigger the 4-minute trading restriction?
A: The restrictions apply only to the following specific, high-impact news events:
|
Country/Region |
Restricted News Events |
|
USA |
Interest Rates Decisions/Announcements, CPI (Consumer Price Index), GDP (Gross Domestic Product), NFP (Non-Farm Payrolls), ISM Index (Institute for Supply Management), PPI (Producer Price Index), Initial Jobless Claims |
|
Eurozone, UK, Canada, Australia, New Zealand |
Interest Rates Decisions/Announcements, CPI (Consumer Price Index), GDP (Gross Domestic Product) |
|
Japan |
CPI (Consumer Price Index), GDP (Gross Domestic Product) |
|
Germany |
GDP (Gross Domestic Product) |
ere can I find the exact timings for these major economic news announcements?
A: To locate the timings of the major economic news events, please refer to https://proptrader-help.oanda.com/economic-calendar
Economic Calendar and News Trading Restrictions
The Economic Calendar can be found in Dashboard portal. When you access the Economic Calendar on the dashboard, the event times displayed will automatically align with the local time zone settings of your computer or mobile device. This ensures that the information you see is relevant to your current location.
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