Elite Trader Funding Weekend Holding Rule
The Simple Answer
Only on Diamond Hands. Elite Trader Funding states that Diamond Hands is the only ETF evaluation that permits holding open futures positions across the overnight session and through the weekend. Every other plan, 1 Step, Static, EOD and Fast Track, requires you to flatten one minute before the instrument close on every trading day.
Below is a breakdown of how the Elite Trader Funding weekend holding rules apply across different account types and stages.
Breakdown by Account Type
Diamond Hands, the one plan that allows it
Diamond Hands runs a single size: $100,000 balance, $3,500 end-of-day trailing drawdown, $1,500 daily loss limit, $5,000 profit target and a position cap of 2 minis or 20 micros. ETF is explicit that the tighter position cap is the price of the overnight permission. There is a 5 trading day minimum, liftable with the One Day to Pass add-on, and resets cost $47 with unlimited resets during the evaluation.
How the drawdown behaves on a held position
The floor only moves at session close and only on realised P&L. Open profit never moves the floor up; only a higher closed balance at the close does. So while you hold an overnight position the floor does not chase you. Open losses still count though, and an intraday dip that touches the floor fails the account even on a position held overnight.
The trap ETF documents itself
This is the part worth reading twice, and ETF publishes a worked example of it. The daily loss limit is a hard breach measured from the prior day close, and it counts open losses intraday. If Monday opens with a gap against you, the open position fails the account the moment its unrealised loss touches minus $1,500, at or just after the gap open, before you ever get to close. ETF states the lesson plainly: holding overnight removes the flatten-before-close rule but does not remove the daily loss limit.
Softening the hard breach
The TradeShield add-on converts the Diamond Hands daily loss limit from a hard breach into a soft one, so touching it does not instantly fail the account and you can trade out of it the next session. On a plan built around overnight gap exposure, that add-on is doing real work.
Every other ETF plan
1 Step, Static, EOD and Fast Track all require closing one minute before the market close on the instrument you are trading, and ETF notes that times vary by instrument and points to CME market hours. The standard End of Day plan shares the identical drawdown mechanic as Diamond Hands; the only differences are when you must flatten and the daily loss limit, which on EOD varies by size at $1,100 on the 50K and $2,200 on the 100K.
Session Close and Reopen Times
Futures accounts do not pay swaps, so what matters instead is knowing exactly when you have to be flat and when the market comes back. These are the times that govern that.
Warning System for Weekend Holding Violations
Two separate consequences apply if you hold a position past the close on a plan that does not permit it. First the account risk: an unrealised loss touching the daily loss limit or the trailing floor fails the account immediately. Second, a cash cost most firms do not charge. ETF issues an invoice for overnight margin fees where a position is held past market close, with a specified payment deadline, and states that non-payment leads to immediate forfeiture of the account including all associated profits. On Diamond Hands, ETF is equally clear that gap risk on the next session open is yours and that weekend gaps are assessed at the Monday open.
Final Comments
Weekend gap risk is the reason this rule exists, and it is why almost every futures firm wants you flat before the close on Friday. Treat the auto-close as a backstop rather than a plan, because the firms that offer it are the same firms that tell you not to rely on it.
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FAQ
Is weekend holding allowed in Elite Trader Funding?
Only on Diamond Hands. Elite Trader Funding states that Diamond Hands is the only ETF evaluation that permits holding open futures positions across the overnight session and through the weekend. Every other plan, 1 Step, Static, EOD and Fast Track, requires you to flatten one minute before the instrument close on every trading day.
Can I hold over the weekend on a Diamond Hands 100K account?
Evaluation phase: Allowed, overnight and weekend. Funded phase: Allowed. Diamond Hands runs a single size: $100,000 balance, $3,500 end-of-day trailing drawdown, $1,500 daily loss limit, $5,000 profit target and a position cap of 2 minis or 20 micros. ETF is explicit that the tighter position cap is the price of the overnight permission.
Can I hold over the weekend on a 1 Step Evaluation account?
Evaluation phase: Not allowed, flatten 1 minute before instrument close. Funded phase: Not allowed. The floor only moves at session close and only on realised P&L. Open profit never moves the floor up; only a higher closed balance at the close does.
What happens if I break the Elite Trader Funding weekend holding rule?
Two separate consequences apply if you hold a position past the close on a plan that does not permit it. First the account risk: an unrealised loss touching the daily loss limit or the trailing floor fails the account immediately. Second, a cash cost most firms do not charge.
What time do I have to be flat with Elite Trader Funding?
Flatten deadline (1 Step, Static, EOD, Fast Track): One minute before the instrument close, varies by instrument. The full list of session times is in the table above, and different product groups can have different deadlines.
