Trading during important news events is subject to clear restrictions. Within 5 minutes before and after an important news release, no positions may be opened or closed. This also applies to automatic closures via stop loss or take profit.
This rule applies exclusively to instruments that are directly affected by the respective news.
This includes any type of opening or closing of a position, including manual executions as well as executions via pending orders or limits. Positions that were opened before the start of the restricted time window and are only closed after it ends are allowed.
News Calendar: https://www.forexfactory.com/
News tentative/all-day
Tentative
If news is marked as tentative, meaning without a fixed time, it is recommended to research independently in which time period the release could take place. During this period, trading should not be carried out until the news occurs.
All-day
If a news event applies for the entire day, which occurs very rarely, trading for the entire day is not allowed.
Only for Direct Funding: With the Major News Trading Add-On, you can trade without restrictions during news events and do not have to monitor or avoid news announcements.
Trade with the fastest growing prop firm