answersLogoWhite

0

Limitations on News Trading: Freeze Time

Please note! The limitations that apply to news trading in Standard and Micro accounts.

During a specific period of time (Freeze Time) before an economic event announcement (news) Pending Buy and Sell Stop orders are cannot be placed, closed, deleted or modified. These limitations apply to a single Buy/Sell Stop Pending order, as well as to opposite Buy/Sell Stop Pending Orders. By opposite (or 'Corresponding') stop orders we mean two stop orders (a Buy Stop and a Sell Stop) placed on the same currency pair, at the same time.

If you try to place, modify or close a Buy/Sell Stop Pending Order during the Freeze Time, you will see the following error message in your MetaTrader 4.

On the average, the Freeze Time period begins several tens of seconds before a news announcement, but its exact duration may vary depending on the nature and importance of the economic event.

According to the Explanations of Definitions and Terms of Business (Terms and Conditons) for Market Maker (Standard and Micro) Accounts:

Freeze Time - the period of time before the Event announcement. The Company has the right, at its sole discretion, to define the value of the Freeze Time depending on the situation, on the currencies market, and on the character of the Event.

Corresponding Pending Orders - two counter instructions from the Customer to the Company (i) to open positions in relation to the same Currency Pair at the same time, using Buy Stop and Sell Stop Pending Orders.

For more information, please, see section 3.5 of the Terms of Business (Terms and Conditions) for Market Maker (Standard and Micro) Accounts 3.5. The Company refuses opening, modification and deletion of all Pending Orders including Corresponding Pending Orders during the Freeze Time.

Please note! These limitations are not applied to ECN accounts.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

When was Time of the Great Freeze created?

Time of the Great Freeze was created in 1964.


What do you all have to have for the wimpy island for the antifreeze?

if you want the anti freeze you need to finish the game bingo win get a disc go in the store play it max and he will give you anti freeze


How do you get the anti-freeze on poptropica?

You get the teenagers to go away with the cd you won from the bingo game, you blast it to max.


What is the time to freeze water calculator used for?

The time to freeze water calculator is used to determine how long it will take for a specific volume of water to freeze at a given temperature.


Can I freeze mango to preserve it for a longer period of time?

Yes, you can freeze mango to preserve it for a longer period of time.


Can you freeze blueberries to preserve them for a longer period of time?

Yes, you can freeze blueberries to preserve them for a longer period of time.


Can you freeze pineapple to preserve it for a longer period of time?

Yes, you can freeze pineapple to preserve it for a longer period of time.


What can make time freeze?

You can't. At least, no method is currently know. If you see time freeze in stories or movies, that is fantasy.


How do you freeze time in fruit ninja lite?

You cab only freeze time in arcade mode, which is only in the full version.


Can you freeze pomegranates to preserve them for a longer period of time?

Yes, you can freeze pomegranate seeds to preserve them for a longer period of time.


What is the functionality of the water freeze time calculator?

The water freeze time calculator is a tool that helps determine how long it will take for water to freeze based on factors like temperature and volume.


Is it possible to freeze a year during medical school?

No because time is not a thing to freeze