Prohibited News Trading Activities
We urge traders to proceed carefully around news releases. The following activities are strictly prohibited:
Exploiting Immediate News Movements: Strategies like straddles or strangles that aim to capitalize on rapid news-driven market shifts are not allowed.
Disguising News Trades: Presenting news-driven trades as routine strategies is prohibited.
These restrictions apply during all news releases.
Standard Trading Protocols
To maintain trading integrity, please follow these protocols:
Stick to Your Usual Strategy: During news intervals, adhere to your regular trading approach.
Follow Standard Entry Rules: Only initiate trades based on your established entry criteria.
Clear Orders Around News Releases: Ensure no open positions or pending orders are in the order book two minutes before and after any data release.
These protocols are in effect for all news events.
Tier 1 Data: Special Considerations
Exercise caution during Tier 1 Data Releases by adhering to these additional rules:
Order Restrictions: Do not open or hold any positions or pending orders (including limit orders) within two minutes before or after a Tier 1 data release.
What is Tier 1 News?
For All Traders: FOMC Meetings, FOMC Minutes, Employment Reports, CPI.
For Energy Traders: EIA reports.
For Agricultural Traders: Agricultural reports.
Trading During Other News Releases
You may continue to trade during other news releases if this aligns with your regular strategy. However, please be aware that data issues or disruptions with Rithmic/Tradovate may occur during news events, and AF is not liable for any resulting issues should you choose to trade during these times.
Note: News trading is permitted during the Evaluation phase; however, it cannot serve as the sole method to pass evaluation accounts. Additional trades must be present for a thorough account review before advancing to the funded phase.