MILTRADERS' position-holding rules apply across all program types:
MILTRADERS Challenge: Overnight = Not allowed. Weekend = Not allowed.
MILTRADERS Pro: Overnight = Not allowed. Weekend = Not allowed.
MILTRADERS Instant: Overnight = Not allowed. Weekend = Not allowed.
All open positions must be closed before the daily close of the session and before the weekend close.
Why this rule exists: Overnight and weekend exposure significantly increases risk due to gap moves, news releases, and reduced liquidity. MILTRADERS' risk management is built around intraday trading.
What happens if you do not close in time: The platform automatically closes any open positions at the official close. Your account remains valid, but the auto-close fill may not match your intended exit price.
If your strategy requires multi-session position holding, MILTRADERS may not be the right fit at this time.