Forex glossary
Weekend gap
A weekend gap is a difference between the final quotes before the weekly break and the first quotes after it. Retail FX schedules depend on the broker and instrument. New information and available liquidity can produce a price jump; an ordinary stop-loss may fill worse if intermediate prices are unavailable.
Illustrative example
How does it work in practice?
Suppose a long EUR/USD position last trades at a 1.1000 bid with a stop at 1.0980. The first available weekend-opening bid is 1.0950. An ordinary stop may fill below 1.0980; its trigger is not guaranteed execution.
A case to work through
Two sides, a separate fill record
Fictional last bid is 1.2000, first bid 1.1970 and first ask 1.1974.
- The bid-to-bid gap is −0.0030 USD per EUR.
- Do not mix closing bid and opening ask in that measure.
What follows? Read the stop's fill separately from the execution report.
Example boundary: Availability and execution rules depend on instrument and broker.
A useful distinction
Weekend gap / Forex Liquidity
Liquidity concerns execution capacity; a gap describes a jump between available quotes.
Check your understanding
Separate a quote gap from an order's execution price.
Show the answer and explanation
No, check terms and actual execution
Triggering and execution are separate.
Sessions, time zones and breaks
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Read the fuller explanation
Related terms
Sources and documentation
- Forex & Crypto Trading Hours of Operation – OANDA US
Describes a particular broker offering's schedule, gap risk and ordinary-stop execution pricing.
Document read: - oanda.com
The example illustrates the mechanism. Check current account conditions and instrument specifications with the provider.