News & Weekend Trading with PropFirmPro

News & Weekend Trading with PropFirmPro: What You Need to Know

In the world of professional trading, deciding whether to hold positions during high-impact news events or over the weekend can greatly affect your potential outcomes. These periods are known for increased uncertainty and risk, as no one can predict the precise outcome of news events—making it more akin to gambling than strategic trading. Relying on news-driven trades is unsustainable in the long run and can lead to unpredictable results. To safeguard the integrity of your trading strategy, PropFirmPro provides clear guidelines for handling trades during these high-risk times across different account models.

Market Volatility & Risk Management

News events often trigger rapid market shifts, leading to price swings that can significantly impact your positions. Holding trades over the weekend also exposes you to potential price gaps and additional swap fees when markets reopen. To help you stay informed and make sound trading decisions, PropFirm Pro uses reliable sources like Myfxbook and Forex Factory for real-time market news, which is easily accessible through our Discord community.

Guidelines for 1-Step, 2-Step & PropFirm Pro Limited Accounts

During the Evaluation Phase:
You are free to hold trades during news events and over the weekend. There are no restrictions, giving you full control to manage your trades.

Important:
Trading with the primary intention of profiting from high-impact news events is strictly prohibited. This type of behavior will be considered gambling and result in account termination.

During the Master Account Phase:

‍While you may hold trades during news events and over the weekend, there are specific guidelines that must be followed when opening or closing positions near high-impact news. Adhering to these rules below ensures you stay within the professional standards set by PropFirmPro, helping you maintain your status as a VIP pro trader.

High-Impact News Events

To maintain fairness and ensure proper risk management, positions cannot be opened or held within a 10-minute window surrounding a high-impact news event. This 10-minute window includes the 5 minutes before and after the news release.

Any profits from trades that are opened or closed within this 10-minute window will not be counted on the Master account.

• Example: Affected Currency
  If a high-impact news event impacts USD, trading on USD-related pairs is prohibited within this 10-minute window.
• Example: 10-Minute Rule
  If you open a trade 30 minutes before a news event, but close it within the restricted 10-minute window, any profits made will be disqualified.

Speeches
For speeches related to high-impact news, the restricted window extends from 5 minutes before the speech starts until 5 minutes after it concludes.
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‍1 Step, 2 Step & PropFirmPro News Trading Exception

To support traders who hold positions for several days as part of their swing trading strategy, we offer an exception. This allows trades opened at least 5 hours before a high-impact news event to be closed within the restricted 10-minute window surrounding the event. This exception ensures that swing traders can stick to their strategy without facing penalties, while keeping news traders in check and ensuring a fair trading environment. The profits from these trades will be counted.

Trading Rule Clarification

• Trades Opened More Than 5 Hours Before the News: Profits from these trades will be counted if closed within the 10-minute window before the event.
• Trades Opened Less Than 5 Hours Before the News: Profits will not count if closed during the 10-minute window before or after the event.

Important: Closing any partial orders will affect the entire trade, which may lead to a flag for news trading.

Accountability: Traders are responsible for ensuring they comply with these rules. Violations that lead to deductions exceeding daily or maximum loss limits will be addressed accordingly.

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Instant Funded Accounts & Limited Accounts: News & Weekend Trading Restrictions

Holding positions during high-impact news events or over the weekend is strictly prohibited on both Instant Funded Accounts and Limited Accounts. Any violation of these rules will result in an immediate account breach.

Key Restrictions:

• No Trades Before or After News Events: Positions cannot be opened or held 15 minutes before and 15 minutes after a high-impact news event on affected currencies.
• Speech Events: The restricted window extends 15 minutes before a speech begins and 10 minutes after it concludes.
• Weekend Trading: Holding positions over the weekend is not allowed. Ensure all trades are closed before the market closes on Friday.

Important: Opening a trade during these restricted windows times will lead to account termination.

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Currency-Specific High-Impact News Events & Trading Restrictions

USD (U.S. Dollar)

• Unemployment Rate
• Non-Farm Payrolls and Employment
• PMI
• ISM
• CPI
• PPI
• GDP
• Federal Funds Rates and Statements
• FOMC
• Trade Balances
• Jobless Claims
• Consumer Confidence
• JOLTs Job Openings
• Average Hourly Earnings
• 10Y Note Auction
• 30Y Bond Auction
• Existing and New Home Sales
• Durable Goods Orders
• Speeches

EUR (Euro)

• PMI
• CPI
• GDP
• Employment Change
• Unemployment Rate
• Retail Sales
• Balance of Trade
• ECB Rates and Statements
• Deposit Facility Rate
• Economic Sentiment Index
• Business Climate
• Consumer Confidence
• Speeches

GBP (British Pound)

• PMI
• CPI
• GDP
• Nationwide House Prices
• Mortgage Approvals
• Retail Sales
• Retail Price Index
• Housing Price Balance
• BoE Rates and Statements
• Trade Balances
• Industrial and Manufacturing Production
• Unemployment Rates
• Employment Change
• Claimant Count Change
• Consumer Confidence
• Speeches

CAD (Canadian Dollar)

• BoC Rates and Statements
• PMI
• CPI
• GDP
• International Merchandise Trade
• Wholesale Sales
• Housing Starts
• Balance of Trade
• Employment Change
• Unemployment Rate
• Retail Sales
• Speeches

AUD (Australian Dollar)

• Cash Rate & RBA Statement
• Employment Change/Unemployment Rate
• CPI
• GDP
• Retail Sales
• Speeches

NZD (New Zealand Dollar)

• Official Cash Rate & RBNZ Rate Statement
• Employment Change/Unemployment Rate
• CPI
• GDP
• Speeches

CHF (Swiss Franc)

• CPI
• SNB Policy Rate
• Speeches

JPY (Japanese Yen)

• PMI
• CPI
• GDP
• Monetary Base
• Leading Economic Index
• Japan to Sell Bonds
• Industrial Production
• Merchandise Trade Balance
• BoJ Rates and Statements
• Retail Trade
• Consumer Confidence
• Balance of Trade
• Speeches

Other Instruments

• OIL (USOIL & UKOIL)
  • Crude Oil Inventories

Tip: Do not trade high impact or medium impact use to avoid disqualification.