During your Challenge in both the Jump 1 and Jump 2 Phases, you’re free to trade news without any restrictions. However, once you become a HyperTrader, there are specific limitations to be aware of. News trading requires extra caution. You must close any trades two minutes before and after the release of a high-impact event. This includes opening or closing market orders, executing pending limit orders, and triggering any take profits or stop losses during that 4-minute window. These rules apply across all instruments on our simulated platform.
If you have trades on affected instruments that were opened more than two minutes before the news event, you’re in the clear. However, be mindful that if a Stop Loss or Take Profit is triggered within the restricted two-minute window (either before or after the event), it may be considered a violation of the HyperTrader Account Agreement.
Here’s how the violation process works: You can receive up to two warnings (soft breaches). For each warning, any simulated profits generated from trades within the restricted 4-minute window will be deducted. On the third violation, your account will be fully breached. Even if you move to the next phase after violating the news rule, profits from those trades will be deducted from your balance in the following phase.
It’s important to note that these restrictions do not apply to HyperJump Challenge accounts (for both Jump 1 and Jump 2 phases). To avoid confusion, we recommend steering clear of trading affected instruments during high-impact news releases.
If you have any questions or need further clarification, don’t hesitate to reach out. We’re here to help!