NOVA News Trading Rules
Disclaimer
By trading during major news events, you acknowledge the increased risks involved. These risks include slippage, market gaps, delayed execution, and heightened volatility.
Top One Trader is not responsible for losses caused by slippage or execution issues during news events.
Evaluation Accounts and Funded Accounts
During the NOVA 1 Step Evaluation, traders may trade freely during news events.
- No restricted time windows apply
- High impact, medium impact, and low impact news may all be traded
- There are no execution or closing restrictions
News trading is fully permitted during the evaluation stage.
Funded NOVA accounts are subject to a restricted news trading window around high impact news events.
You may not execute or close trades within:
- 5 minutes before the news event
- 5 minutes after the news event
The total restricted window is 10 minutes.
What Counts as Executing a Trade
Executing a trade includes any of the following actions:
- Opening a market order
- Closing a market order
- Opening or closing a pending order
- Modifying a stop loss or take profit
- Placing buy stop or sell stop orders
All of these actions are prohibited inside the restricted news window.
Holding Trades During News
You may hold trades during a news event if the position was opened more than 5 minutes before the restricted window begins.
- If a stop loss or take profit is triggered inside the restricted window, the trade becomes a violation
- Any profit from that trade will be removed and cannot be withdrawn
- Violating the news rule is not automatically a hard breach on first offence
- The risk team may issue a final warning
Repeated violations may result in further action.
Exception — 5 Hour Rule
If a trade has been open for at least 5 hours before the news event:
- Stop loss or take profit activation inside the restricted window is allowed
- No violation will be recorded
Manual trade closure inside the restricted window is still prohibited.
High Impact News Events
Only high impact news events are restricted.
- Low impact and medium impact news are not restricted
- Events must directly affect the traded instrument
All major United States high impact news events affect all instruments, including but not limited to:
- Federal Reserve interest rate decisions
- FOMC meetings and statements
- Non Farm Payrolls
- United States CPI releases
- Any other high impact US economic announcements
If an event is marked as high impact on FXStreet, it falls under this rule.
Important Notes
- News restrictions apply only to funded NOVA accounts
- Profits from violating trades will be removed
- Evaluation accounts may trade news freely
- We reference the FXStreet economic calendar
- Daily Loss Limit and Max Drawdown rules still apply during news