News Protection
Automatically close positions and block new trades before high-impact economic events. Essential for prop firm compliance.
Why News Protection Matters
High-impact news events cause extreme volatility. In seconds, markets can move 50+ points - enough to blow through stops and trigger massive losses. Many prop firms explicitly prohibit trading during news.
Prop Firm Rule Alert
Most prop firms prohibit holding positions through FOMC, CPI, NFP, and other major events. Violating this rule can result in account termination - even if you're profitable.
Most prop firms prohibit holding positions through FOMC, CPI, NFP, and other major events. Violating this rule can result in account termination - even if you're profitable.
What News Protection Does
When enabled, TradingPlace automatically:
- Closes all positions before the news event (configurable lead time)
- Blocks new trades during the blackout window
- Resumes trading after the event passes
- Logs the action so you have an audit trail
Events Covered
News protection triggers for high-impact economic events:
- FOMC Rate Decision High Impact
- FOMC Minutes High Impact
- CPI (Consumer Price Index) High Impact
- NFP (Non-Farm Payrolls) High Impact
- PPI (Producer Price Index) High Impact
- GDP Release High Impact
- Fed Chair Powell Speech High Impact
Configuring News Protection
Enable and configure news protection in Settings:
- Go to Settings > Risk Management
- Toggle News Protection to on
- Set Close Before (minutes before event to close positions)
- Set Block Until (minutes after event to resume trading)
Recommended Settings
Close positions 2-5 minutes before the event. Block new trades until 15-30 minutes after. This avoids the initial spike and the choppy aftermath.
Close positions 2-5 minutes before the event. Block new trades until 15-30 minutes after. This avoids the initial spike and the choppy aftermath.
How Blackout Windows Work
Example: CPI release at 8:30 AM ET with 5-minute close and 15-minute block:
- 8:25 AM - All positions auto-closed
- 8:25 - 8:45 AM - New trades blocked (20-minute blackout)
- 8:45 AM - Trading resumes normally
Manual Override
You can override news protection for specific accounts or a single trade:
- Disable news protection for individual accounts in Account Settings
- Use the Force Trade option (requires confirmation) to bypass during blackout
Override with Caution
If you're trading prop firm accounts, overriding news protection may violate their rules. Only use overrides on personal accounts where you accept the risk.
If you're trading prop firm accounts, overriding news protection may violate their rules. Only use overrides on personal accounts where you accept the risk.
Best Practices
- Check the calendar - Know what events are scheduled each day before you trade
- Use wider blackouts - Better to miss 30 minutes than to get caught in a whipsaw
- Don't chase the move - After news, wait for the market to settle before re-entering
- Review your prop firm rules - Some have stricter requirements than our defaults