At Propywise, we encourage traders to remain informed about economic developments and to incorporate news analysis into their strategies. However, to help protect you from extreme volatility and foster responsible trading habits, certain guidelines apply when trading around high-impact news events.
Identifying High-Impact News
Red Folder Events
On the Forex Factory Calendar (or our Economic Calendar on the Propywise platform), items marked with a Red Folder indicate a high-impact event likely to cause significant market movements.Affected Assets
Restrictions apply only to the assets directly influenced by the news (e.g., USD pairs for U.S. events, EUR pairs for Eurozone events, and so on).
The 5-Minute No-Trade Window
To minimize unexpected volatility and slippage, Propywise observes a 5-minute no-trade window before and after the scheduled time of a high-impact news release on the relevant asset(s):
No opening or closing of trades within 5 minutes before the news release.
No opening or closing of trades within 5 minutes after the news release.
This effectively creates a 10-minute restricted window around the event.
What If You Trade Within This Window?
Profits Are Annulled
If you open or close any trades during this restricted window, any profits earned from those trades will be removed from your account (annulled).Losses Remain
If those trades result in losses, the losses will stay on your account.
Important: We understand that some traders like to capitalize on volatile movements, but these rules are in place to reduce unforeseen risks and help you maintain consistent, disciplined trading.
Warnings and Account Consequences
Our aim is to guide you towards better risk management, not to penalize you. Therefore, we’ve put in place a three-strike warning system to remind you of these rules and give ample opportunity to adapt your approach.
First Violation
Profits from violating trades are annulled (losses remain).
You receive 1 warning via email with detailed information on how to avoid future incidents.
Second Violation
Profits from violating trades are annulled (losses remain).
You receive a 2nd warning via email, encouraging you to be cautious moving forward.
Third Violation
Profits from violating trades are annulled (losses remain).
Your account will be blocked due to repeated non-compliance.
Example
If high-impact news is released at 15:00 on April 10, 2025, any trades opened or closed from 14:55 to 15:05 on affected assets will have their profit annulled. You will also receive a warning (unless it’s your third strike, which leads to account blockage).
Handling Drawdown Limits After Profit Annulling
In the event that annulled profits cause you to exceed your daily or overall drawdown limit, please note that it remains the trader’s responsibility to monitor and manage their own drawdowns.
Why These Restrictions Benefit You
Propywise’s top priority is to support your growth as a trader. High-impact news can cause unpredictable price movements, widened spreads, and slippage — any of which can undermine your trading progress. By limiting trading activities in a short window around these events, we strive to:
Foster sound risk management and protect traders from sudden market swings.
Encourage steady, skill-based trading over speculation-driven tactics.
Help you maintain consistency and reach your profit objectives more sustainably.
Where to Track Economic News
Forex Factory Calendar – look for Red Folder events indicating high-impact news.
Propywise Economic Calendar – our integrated calendar helps you stay up to date with upcoming events.
In Summary
Yes, you can factor in news analysis, but be mindful of the 10-minute restricted window around high-impact events (±5 minutes).
Profits earned within the restricted window are annulled; losses remain.
We operate a three-strike warning system, culminating in account blockage on the third violation.
Please monitor your drawdown carefully — removing previously counted profit could affect your account balance or equity in ways that lead to a drawdown breach.
Our team is here to support you. If you have questions, feel free to contact our support for guidance.
By adhering to these guidelines, you safeguard your progress in Propywise challenges and nurture a more consistent, disciplined trading approach.