Hold times, overnight and weekend positions
No minimum hold time anywhere. Overnight and weekend holds are an evaluation restriction only.
The evaluation is simulated, so positions are flattened at the session close. The live account is a real brokerage account, and it is held to the broker's margin requirements rather than to a rule of ours.
There is no minimum hold time. Scalping is permitted, including trades held for a few seconds, in the evaluation and on the live account.
No rule counts how long a trade was open, and no number of fast trades is a violation on its own. How much of your drawdown a trade risks is a separate matter, and that is collection 6.
In the evaluation, overnight holds are not permitted. Any position still open at session close is liquidated.
In the evaluation, weekend holds are not permitted.
On the live account, overnight and weekend holds are permitted, subject to the broker's margin requirements.
Not answered here? A person will tell you.
EMAIL SUPPORTThis rule book is the plain language statement of the rules ONYX applies. Where it differs from the Terms of Use, or from the documentation you sign for a live account, that document governs.
The evaluation is simulated trading. No real capital and no real market execution are involved in it, and passing an evaluation does not guarantee placement: a live account is offered at the discretion of the firm and subject to broker approval. Trading futures and options carries a substantial risk of loss and is not suitable for every investor. Hypothetical performance results have inherent limitations, some of which are described under CFTC Rule 4.41.