Definition:
In the PEI program, traders are not allowed to hold open positions over the weekend (from market close on Friday until the market reopens on Sunday night/Monday, depending on the broker).

Explanation:

• All positions must be closed before the market closes on Friday.

• This rule applies to both manual positions and those managed by algorithms or EAs.

• Traders are not allowed to “let trades run” over the weekend, even if they are in profit.

• The restriction protects both the trader and the firm from market gaps, lack of liquidity, or sharp price movements at the weekly open, which can cause unexpected losses and break drawdown rules.

Example 1 (rule violation):

• On Friday at 3:45 p.m. (market close), a trader keeps an open EUR/USD position and lets it run until Monday.
  👉 This violates the rule, even if the trade ends in profit, and the account will be invalidated.

Example 2 (rule respected):

• On Friday at 3:30 p.m., the trader closes all positions in indices and forex, ensuring no trades remain open at the close.
  👉 In this case, the rule is respected, and the account remains active.

Example 3 (pending order case):

• The trader leaves a pending order (buy limit or sell stop), which gets triggered during the weekend when the market reopens.
  👉 This is also a violation since no pending orders should remain by Friday’s close.

In summary:

• Holding positions over the weekend is strictly prohibited.

• Any violation invalidates the account, regardless of whether the trade outcome was positive or negative.

• The rule exists to protect traders from extraordinary risks outside regular market hours.