Holding Positions Overnight and Over the Weekend
Q: Can I hold positions overnight or over the weekend?
A: It depends entirely on the trading style you selected for your challenge.
Day Trading Accounts: No. Day Trading accounts must close all positions by 23:10 MT5 server time each day, and trading reopens at 01:00 MT5 server time. Any positions still open at 23:10 MT5 server time are closed automatically. No overnight or weekend exposure is permitted. You must end every trading session completely flat.
Swing Trading Accounts: Yes. Swing Trading accounts offer maximum flexibility, allowing you to hold open positions overnight and across weekend market closes to capture multi-day movements.
Crucial Considerations for Swing Traders
If you are trading on a Swing account and holding positions across sessions, you must manage two critical risk factors:
1. Gap Risk: Prices can jump significantly when the market reopens after a weekend or following a major news event. Any losses incurred from a market gap are treated exactly like standard market movements. A severe gap against your position can push your account into a Daily Loss or Max Total Loss breach.
2. Swap Costs (Overnight Financing): Holding a position overnight incurs a standard financing charge (swap fee). These costs directly affect both your floating and realized P&L, meaning they count toward your drawdown limits. You must factor these costs into your position sizing before the daily close.
💡 Optional Upgrade: 3-Day Zero Swap Fee Add-On If you wish to minimize overnight holding costs, you can customize your challenge with the 3-Day Zero Swap Fee add-on. This feature entirely waives swap charges for the first three days a position is held open.