3. News and Swing Trading

3.1 News Trading

Pro Accounts- News trading is normally allowed in the Challenge Phase. However, in the Hola Prime accounts, 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 3 minutes before to 3 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.

You are allowed to hold trades on the affected instruments opened 3 minutes prior to the news release. If your Stop Loss or Take Profit is activated during this window of 3 minutes before and 3 minutes after, it may be taken as a violation of the Hola Prime Agreement.

Other non-targeted instruments (affected by low and medium-impact news) can be traded normally. 
For Instance: You can trade AUDNZD during the US – CPI release. However, you are not allowed to open or close USDJPY or GBPUSD during the window of 3 minutes before to 3 minutes after the CPI release.

For example: There is a High Impact news speech scheduled at 03:00 EST.

  • Condition I: You are not allowed to open or close any trade (including limit, stop, TP & SL of any trade) between 02:57 & 03:03.
  • Condition II:: If you are opening the trade before 2:57 and closing (including limit, stop, TP & SL of any trade) at any time between 02:57 & 03:03 it will be considered a violation of our Terms of Service.
  • Condition III: If you are opening the trade before 02:57 and closing the same trade after 03:03, 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 US30, NAS100, and SPX500.

Affected Trading instruments

News Announcement

USD(Forex & US Indices NAS100,US30,SPX500)

  • CPI YY
  • Advance GDP QQ
  • Federal Funds Rate & Statement
  • Non-Farm Employment Change
  • Unemployment Rate & Wages
  • FOMC Meeting Minutes

EUR (Impacts Forex)

Main Refinancing Rate

CAD (Impacts Forex)

  • CPI MM
  • BOC Rate Statement/Overnight Rate
  • Unemployment Rate/Employment Change

NZD (Impacts Forex)

  • CPI QQ
  • GDP QQ
  • Cash Rate & RBNZ Rate Statement
  • Employment Change/Unemployment Rate

GBP(Impacts Forex)

  • CPI YY
  • Official Bank Rate & MPC Votes

AUD (Impacts Forex)

  • CPI QQ
  • GDP QQ
  • Cash Rate & RBA Statement
  • Employment Change/Unemployment Rate

CHF (Impacts Forex)

SNB Policy Rate

Crude Oil ( WTI, BRENT )

Crude Oil Inventories

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

3.2 Weekend Holding

Pro Accounts- Holding of trades over the weekends is normally allowed in the Challenge Phase. However, for Hola Prime accounts, weekend holding is considered a soft breach, and any trade remaining open at 15:45 EST on Friday will be automatically closed by the system. Your account will otherwise remain unaffected, and you can continue trading after this.

Why are trades closed at 15:45 EST?
Traders might get a worse fill if trades were closed at 17:00 EST when the weekend rollover takes place to avoid these trades being closed at 15:45 EST. Additionally, it takes us time to go over all accounts and close trades in bulk.

Note: Profit from trades that are closed by the system on Friday will be counted towards the payouts. Similarly, the trader is responsible for the violation in the event any loss/deductions result in the breach of the daily loss limit or maximum loss limit in the respective account.

3.3 Overnight Holding

Overnight holding of positions is permitted in all accounts- Hola Prime and Challenge, 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.