3.1 News Trading

News trading is not allowed in Hola Prime Account issued under the Direct Model. Traders can hold trades at any time but are not allowed to execute (open or close) any trade on the instruments affected by high-impact news, during the window of 5 minutes before to 5 minutes after the release of such news. Please note that the execution of trades includes market execution as well as pending orders, including Stop Loss and Take Profit orders.

You are allowed to hold trades on the affected instruments opened 5 minutes prior to the news release. If your Stop Loss or Take Profit is activated during this window of 5 minutes before and 5 minutes after, it will be taken as a violation of the Hola Prime Agreement and  Breach of this rule will lead to account closure. However, other non-targeted instruments (affected by low and medium-impact news) can be traded normally during news hours. 

For more information on this, read here.

3.2 Weekend  Holding
Holding trades over the weekends is not allowed and is considered a hard breach in the Hola Prime Account issued under this Direct model. Ensure all trades are closed before 15:45 EST on Friday, or they will be automatically closed by the system, and the account will be terminated. 

3.3 Overnight Holding
Overnight holding of positions is permitted,  allowing traders to maintain their trades without interruption, giving them the flexibility to gain on long-term strategies and market trends that unfold beyond standard trading hours.