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In the 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 trade includes market execution as well as pending orders, including Stop Loss and Take Profit orders. 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. Breach of this rule will lead to account closure. Other non-targeted instruments (affected by low and medium-impact news) can be traded normally. 

For instance, you can trade Agriculture futures during the US – CPI release. However, you are not allowed to open or close Euro FX Futures (Symbol: 6E) during the window of 5 minutes before to 5 minutes after the CPI release.

Example: There is a high-impact news speech scheduled at 02:00 CT.

• Condition I: You are not allowed to open or close any trade (including limit, stop, TP, & SL of any trade) between 01:55 & 02:05.
• Condition II: If you are opening the trade before 01:55 and closing (including limit, stop, TP & SL of any trade) at any time between 01:55 & 02:05, it will be considered a violation of our Terms of Service.
• Condition III: If you are opening the trade before 01:55 and closing the same trade after 02:05, the trade will be considered valid, and the profit will be counted.

 

For news announcements affecting USD, the restriction applies for Forex pairs with USD currency involved, including the Indices offered, namely ES, YM &. NQ.

Note: Trades can be held during any news event- High, Low, or Medium.  The news release schedule and its impact levels can also be monitored in our Economic Calendar within their dashboard. Trades with 3 blue bars are high Impact, 2 bars are medium Impact, and 1 bar is low Impact.