News trading is not allowed on evaluation and earning accounts.
1. What is the No News Trading policy?
Our No News Trading policy restricts trading during significant economic news releases to prevent excessive market volatility and ensure a fair trading environment for all clients. The trader must refrain from opening or closing trades (This includes setting pending orders whether buy/sell stops or limits that get triggered) 10 minutes before and 10 minutes after high-impact (red folder) news events on both evaluation and earning accounts. This includes trade execution, pending order triggers, trade modification and closure, even if you placed the trade before and your take-profit (TP) got hit during the restricted timeframe.
2. When does the No News Trading policy apply?
The No News Trading policy applies during the release of key economic indicators and major news events. These events typically include:
Central bank interest rate decisions
Employment reports (e.g., Non-Farm Payrolls)
Inflation reports
GDP releases
Other significant economic data releases
Trading (Opening and Closing) during the period starting 10 minutes before and ending 10 minutes after the scheduled news release is considered news trading and is restricted.
3. Can I close my positions during news events?
No cannot, you must refrain from opening or closing trades 10 minutes before and 10 minutes after high-impact (red folder) news events. This includes trade execution and closure, even if you placed the trade before and your Take-Profit (TP) or Stop-Loss (SL) got hit during the restricted timeframe.
4. What happens if I trade during restricted times on my earnings account?
Profit Removal: Any profits earned on trades executed during restricted times will be removed upon payout request.
Voided Payouts: If 3 or more trades in a single payout request are considered high-impact news trading, the entire payout will be voided, and the earnings account will be reset to the starting balance.
Account Breach: Continual news trading across multiple payout periods or during your evaluation period, despite warnings, may lead to Blueberry Funded breaching your earnings account or evaluation account.
5. How can I prepare for the No News Trading policy?
To prepare for the No News Trading policy, consider the following steps:
Stay Informed: Keep track of the economic calendar and be aware of upcoming news events.
Plan Ahead: Adjust your trading strategies in advance, considering the potential impact of news releases.
Use Risk Management: Implement robust risk management techniques, such as setting appropriate stop-loss and take-profit levels.
Additional Info
For USD-related news, the restrictions are imposed on:
- All currency pairs involving the USD (xxx/USD and USD/xxx)
- Precious metals: Gold (XAU/USD) & Silver (XAG/USD)
- Commodities: UK Oil (XBR/USD) & US Oil (XTI/USD)
- Indices: US30, US100, SP500
- Cryptocurrencies: Bitcoin (BTC/USD) & Ethereum (ETH/USD)
For EUR-related news, the restrictions are imposed on:
- All EUR pairs (xxx/EUR & EUR/xxx)
- DAX (GER30)
For GBP-related news, restrictions apply to:
- All GBP pairs (xxx/GBP & GBP/xxx)
- FTSE (UK100)
For JPY-related news, the following instruments are restricted:
- All JPY pairs (xxx/JPY & JPY/xxx)
- NIKKEI (JPN225)
For AUD-related news, the following instruments are restricted:
All AUD pairs (xxx/AUD & AUD/xxx)
ASX 200 (AUS200)
For other news affecting any asset, similar restrictions will be applied to all Forex pairs involving that asset, both in the base and quote positions. In a Forex pair like EUR/USD, the **Base** is the first three letters (EUR), and the **Quote** is the last three letters (USD).
For any additional questions or support regarding the No News Trading policy, please reach out to our support team. We are committed to providing you with the information and assistance you need.