Carry Trades Over Weekend

By ticking the "Carry Trades Over Weekend" box you can have full control of your positions, determining which ones you would like to leave open over the weekend. Positions that have been ticked will be carried over and will remain open once the market resumes activity Sunday evening.

To limit the risk involved in carry trades, caused by the weekend break, eToro only allows positions using a leverage of up to 1:100 to be carried over. This unique feature enables full account control, minimizing the risk on your overall portfolio, from the weekend events.  

Please note, for further portfolio protection all carry trade positions require a 50 pip margin, or in other words a 50 pip safty net on each trade. This means that in order to guarantee the safty of your account, preventing you from going into a negative balance, your stop loss is adjusted accordingly.  

For example, if you opened the following trade, then you would be using the full extent of your account.

If you decide to carry the trade over the weekend, then your stop loss will adjust to 1.3247- 50 pips higher.

Other Scenarios:

• If you have already modified your stop-loss, meaning that your trade already accommodates the 50 pip margin requirement, then your stop-loss will not be adjusted.
  For example: According to our previous trade, if you decide to change your stop-loss and set it above 1.3247, for instance 1.3260, then it will not be modified when choosing to carry the trade.
• If you have already modified your stop-loss, but your trade still doesn't accommodate the 50 pip margin requirement, then your stop-loss will adjust accordingly.
  For example: According to our previous trade, if you decide to change your stop-loss and set it at 1.3200 then your stop loss will adjust to 1.3247 - maintaining the 50 pips margin requirement.

Price Increase Point (PIP) is the term used in the currency market to represent the smallest incremental move an exchange rate can make.

For example if the rate of the EUR/USD is now trading at 1.3332 and then it increases to 1.3333, it means that the EUR/USD has increased by one PIP.

How to use the "carry trade over weekend" button 

Many traders are not always sure if they want to hold their positions over the weekend, therefore we allow you to have full control over your positions.

1. Determining a "carry trade over weekend" when opening the position:

   By simply clicking on the button under "trade options" you can determine that the position stays open over the weekend.

   

   
   Important note

   "Carry trade over the weekend" is disabled by default. If you would like to enable the option, simple set your risk level and stop loss according to the requirements in the table above. 

   It is important to remember that in order to hold a position over the weekend your risk level must be 1:100 or lower. 
    

2. Determining a "carry trade over weekend" once your position is already open.  

   If you have positions open and you wish to hold them over the weekend, simply tick the information box, located under your open trades.  

   

Important notes

1. During hours when the markets are closed, positions cannot be modified.
2. When choosing "Carry trade over weekend" on an open position, your stop loss is automatically adjusted by 50 pips to prevent losses. Make sure that it is where you are aware that the stop-loss has been changed!

Weekend Charges 

In accordance with the standard charges on the Forex market, holding positions over the weekend requires a small weekend fee. 

The fee is an equation of your number of lots times the price per lot: 

Lots x price per lot = weekend fee

For example: If you open a 50 lots position on the USD/JPY and decide to hold it over the weekend, then your rollover fee will be $30.

50 (lots) x $0.6 (price per lot) = $30

* Price Per Lot may change according to market conditions