Can I block weekend holding?
Quick answer
Yes, on Basic and Growth. The no weekend holding rule sets a Friday cutoff in UTC: positions held past it trip the rule, which breaches the account by default or flags it, and new orders inside the weekend window are refused. It is checked on every tick.
Detailed answer
Weekend holding bans protect against Monday gap risk.
How it works
- Cutoff: a Friday time in UTC, such as 20:00.
- Held positions: a position open after the cutoff trips the rule.
- New orders: refused during the weekend window.
- Action: breach (default) or flag.
Why it runs on ticks
Checking on every tick means the rule applies as soon as the cutoff passes, rather than at a later scheduled moment.
Crypto
Crypto trades through the weekend. If crypto is allowed on an account with this rule, positions must still be closed before the cutoff. Many firms keep crypto on a separate account type without the rule.
Offering both styles
Create two account types: one with the rule for intraday programmes, one without for swing traders, perhaps priced as an add-on.
Communicating it
Publish the cutoff in UTC and local times, and remind traders before the first Friday.
PropExecutor team · Updated
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