Can I trade the news?
The rules differ significantly between evaluation and funded phases, and between programs.
During evaluation: no restrictions
News trading is fully unrestricted during all evaluation phases across every Orion program. You can open, close, and modify trades freely around high-impact news events during your evaluation.
On Orion Trader Accounts: rules vary by program
| Program | News Trading on Funded Account |
|---|
| Lite, Standard, Select | 2-min restriction window before and after any high-impact event. No opens, closes, or modifications during this window |
| Standard Swing | No restrictions |
| Zero | Trades within 5 min of a high-impact event are rewarded at 50% instead of 80% |
Visual example: 2-min restriction windowUsing the 2 min before and after rule
✓ Trade freely
−2 min
RESTRICTED
📰
NEWS
+2 min
RESTRICTED
✓ Trade freely
During red windows: no opens, closes, modifications, or new orders of any kind. Trades already open before the window may remain, but cannot be touched.
What "high-impact event" means
Any major economic or geopolitical announcement marked as high-impact on forexfactory.com's economic calendar. This includes NFP, FOMC decisions, CPI, central bank rate announcements, and similar events.
What's allowed during a restricted window
- Keeping existing trades open: positions opened before the window can stay open
ℹ️
Check your trading policies in the dashboard
Your Client Section shows the policies that apply to your specific program, including any news-related restrictions. Check there before trading around scheduled events on an Orion Trader Account.