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OANDA Prop Trading has restrictions on trading during major financial news events. Participants should avoid executing any new trades or closing existing trades within a 4-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 both pending orders or market orders and 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 Trading Practice as per our Terms and Conditions (available here). Engaging in news trading can lead to profits realized from such trades being removed from the account, and / or termination of account access.
Trades open during this window will be closed with PL realized on the account and this will be flagged as a soft breach.
3 soft breaches will result in a hard breach and your Signal Provider account will be terminated.
You can reference the major economic events from your dashboard > Economic Calendar
