What are the rules for trading news on Ylos Trading?

What are the rules for trading news on Ylos Trading?

The rules for trading news on Ylos Trading vary depending on the account type:

 

Challenge Accounts: 

Allowed: You can be positioned during news releases. This means you can hold open positions when economic news or market events are announced.

 

Funded Accounts: 

Prohibited: You cannot be positioned during news releases. However, you can trade after the news announcement. This implies that all positions must be closed before the news event, and new positions can only be opened after the news has been released.

 

Additional Explanation: 

The rule for Funded accounts is stipulated to reduce the risk associated with extreme volatility that can occur during the release of important news. The intention is to promote a more controlled trading practice based on strategies that do not depend exclusively on abrupt market movements caused by news. 


Trading After News: For Funded accounts, after the news is released, you can react based on the new market information, respecting all other trading rules of the account, such as drawdown limits, operational consistency, among others. 

Planning: It is important for both account types to have a trading plan that considers the economic calendar, especially for Master accounts, where you need to decide whether to close positions before the news or wait to trade based on the market reaction after the announcement. 

Volatility: Remember that news can cause unpredictable price movements. Even though you can trade during news on Challenge accounts, it is essential to have a risk management strategy to deal with this volatility.

 

These rules are designed to promote a disciplined and sustainable approach to trading, while still allowing traders to benefit from market movements that occur in response to new economic events or news.



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