Throughout all evaluation phases, traders are permitted to maintain open positions during news releases and initiate trades at their discretion during high-impact red folder news events.
However, for funded accounts (Direct Funding), profits generated from trades executed or closed within a 3-minute window surrounding a high-impact red folder news event will not be factored into the profit calculation. In the (Standard Evaluation NO HFT), we have a 3 minute window before/after executing in news events
Engaging in red folder news trading within the specified minute window before and after the event will result in profit deductions, but will not lead to account losses. These profit deductions will be addressed upon withdrawal requests.
We utilize Forex Factory as our primary reference for red folder news events.