If you happen to violate any of the Trading Objectives, that specific account will be automatically invalidated and will no longer be eligible to continue in the Evaluation Process. If the violation occurs on your HyroTrader Account, the corresponding HyroTrader Account agreement will be terminated. However, if you wish to become a Trader, you can always start again from the beginning and order a new HyroTrader Challenge. Please note, there are no discounts for repeat attempts. It’s important to respect the rules and trade safely to avoid any breaches. 

No, it is not required to close your positions overnight when trading with a HyroTrader funded account. You are allowed to keep your positions open throughout the night and even over the weekend.

Traders are required to adhere to the following Risk Management Rules to safeguard our capital and support the success of our traders. We actively monitor each account for signs of gambling or reckless trading behavior, with a specific focus on the following situations:

Maximum Risk Per Trade: Traders must not risk more than 3% of their initial account balance per position, ensuring that a triggered stop loss does not exceed this limit. Thus, if your stop loss is set higher than 3% of your initial account balance, you have breached the maximum risk per trade rule. This limit is crucial for effective risk management and capital protection. Please note that commissions are included in the maximum risk per trade calculation and can be viewed in your final trade P&L in Bybit’s P&L history.

Note: The trader can use more than 3% of their capital in a single position as long as the risk/set stop loss (realized or unrealized loss) does not exceed 3% of the account balance.

Martingale Strategy: The use of the Martingale strategy is strictly prohibited. Martingale is a high-risk betting system that involves doubling the stake after each losing trade. This strategy can lead to substantial losses and goes against responsible trading practices.

Prohibition of Hedging Across Different Accounts: Traders are prohibited from hedging positions across two or more different accounts simultaneously. Hedging involves opening opposite positions with the intent to offset potential losses, which can result in decreased transparency and increased risk.

Profit Distribution Rule: No single trade should contribute more than 40% to the total profit generated by a trader. This rule aims to prevent excessive reliance on a single high-risk trade and encourages a diversified and responsible trading approach. This rule is valid during the evaluation (phase 1 and phase 2) only.

Stop Loss Obligation:

• • A stop-loss is required for every position to control potential losses.
  • Traders have 5 minutes from entering a trade to set a stop-loss.
  • Maximum risk per position is limited to 3% of the initial account balance.
  • Potential loss of 3% is immediately activated once a stop loss (SL) is set.

Accounts are subject to regular manual reviews, during which we assess for signs of gambling or an “all-or-nothing” mentality. In cases of extremely high risk, we retain the right to implement any of the following actions:

• Issuing a warning
• Removing account profits
• Adjusting the payout
• Temporarily reducing profit splits
• Rejecting withdrawal requests
• Terminating the account in full.

To achieve this objective, you must engage in trading activities over a minimum of 10 distinct trading days within the current cycle. Each trade must have a minimum value of 5% of the initial balance, and the trade’s profit/loss (PnL) must be at least 1%/ -1%. A trading day is counted if at least one trade is executed and closed on that day, regardless of the duration for which the position is held. On each trading day, you must open at least one position. Even if you achieve your profit goal in fewer than 10 trading days, you must still complete the minimum of 10 trading days to allow for a comprehensive assessment of your trading skills and the sustainability of your performance.

Scenario:

You have a trading account with an initial balance of $10,000. To meet the trading requirements, you must:

1. Engage in trading activities over a minimum of 10 distinct trading days.
2. Ensure each trade has a minimum value of 5% of the initial balance. For a $10,000 account, this means each trade must be at least $500.
3. Ensure each trade’s profit or loss (PnL) is at least 1% or -1% of the trade’s value.

Example of Trading Activity:

Day 1: You open a trade with a $600 position. The trade ends with a profit of $90 (15% of the trade’s value). Since $90 is greater than 1% of $600, this day counts.

Day 2: You execute a $500 trade with a loss of $60 (-12% of the trade’s value). Since $60 is greater than -1% of $500, this day also counts.

During the verification phases, the 5% is calculated based on your initial funded account capital. For example, if your funded account is $50,000, the total daily drawdown for all trades would be $2,500. It’s important to note that this amount remains constant and does not change from day to day. When calculating the drawdown, all floating losses, profits, and fees are included. The system collects and calculates daily drawdown multiple times over a day. The daily server reset occurs at UTC.

It’s entirely up to you, as long as you follow good risk management. However, please be mindful that if you open, for instance, 2 trades each risking 3%, and both incur losses on the same day, your account would be down by 6%. This would violate the daily drawdown rule and could result in the loss of your account.

Yes, if you haven’t executed any trades for the past 30 days, your account will be disabled. You’ll receive an inactivity reminder email after 14 days, and after 30 days, you’ll receive an email notifying you about the disabling of your account.

To ensure a smooth evaluation process for all users, the following actions are strictly prohibited when trading with HyroTrader (this includes all phases: challenge, verification, demo live):

1. Requesting additional demo funds.
2. Adjusting USDT balance.
3. Having more than $200,000 in maximum capital per challenge per user is not allowed.
4. Deleting or altering the API key.
5. Trading spot in a futures-type challenge.
6. Trading the EUR/USD pair.
7. Trading options or USDC pairs.
8. Combining spot and margin trading on one account.
9. Changing the Bybit password for a funded account.

If you have any questions or need to report a violation, please contact our support team at [email protected] .

Yes, you can. However, please be aware that you have 5 minutes from entering the trade to set the stop loss.

To ensure the stop-loss is correctly recorded, it must be set using Bybit’s ‘TP/SL’ function, either as a Stop Loss or a Trailing Stop Loss. Conditional order triggers and limit close orders are not accepted as valid stop-loss orders. If the stop-loss is not set in this way, it will not be recognized or recorded as valid, which will result in a violation.

TL;DR
Using conditional limit orders as stop-loss orders in crypto markets is risky because they do not guarantee execution, especially in volatile or illiquid conditions. Stop-market orders are generally more reliable for ensuring an exit, even if slippage occurs.

No Guarantee of Execution
Limit orders execute only at the specified price or better. If the market moves rapidly and your limit price is not reached, your order won’t execute, leaving you exposed to further losses. In fast-moving or illiquid crypto markets, prices can “gap” past your limit price, rendering your stop-loss ineffective.

High Volatility
Crypto markets are notoriously volatile, with large price swings happening in seconds. Using a conditional limit order means you might miss the chance to exit during a sharp drop if the market bypasses your limit price.

Slippage and Liquidity Risks
Slippage is common in crypto trading, especially during periods of high volatility or low liquidity. Conditional limit orders don’t account for slippage, which can leave you stranded if there isn’t enough liquidity to fill your order at the specified price.

Market Manipulation
Crypto markets can be susceptible to “stop hunts” or manipulative tactics, where large players temporarily push prices to trigger stop orders. A conditional limit order might fail to execute during these sudden price spikes or dips if the limit price isn’t met.

Black Swan Events
Extreme events or flash crashes are not uncommon in crypto markets. During such events, conditional limit orders can become entirely ineffective if prices plummet too quickly past the limit price, leaving your position unprotected.

Technical Failures
Crypto exchanges may experience outages, delayed order processing, or API issues during periods of high activity. If your conditional limit order isn’t executed promptly, it may fail to protect you.

Better Alternatives Exist
A market stop-loss order is often a safer choice because it guarantees execution, even if slippage occurs. While you may not get the ideal price, you ensure your position is exited, which is the primary goal of a stop-loss.

Trading solely based on news events is not allowed, as it is considered a highly risky strategy. However, during news events, you do not need to close your positions; you can continue trading as usual.

This rule is designed to ensure a sustainable track record during Phases 1 and 2. Once you reach the profit goal for a specific phase, we evaluate trades exceeding 40% of the total profit. If a trade exceeds this threshold, we may require further profitable trades for validation.

Example: Your profits from winning trades total $550, with one trade amounting to $250, which exceeds 40% of the total profits. If you add another win of $170, making the total profits $720, the $250 trade would then be less than 40% of the total.

No, you can’t trade both on the same account.

Yes, a funded account, after completing the challenge and verification stages, does not have a profit distribution rule. This means traders must adhere to these two additional rules to prevent gambling behavior:

• Maximum Exposure: A trader may only risk up to 25% of the initial challenge balance.
• Cumulative Open Position Value: The combined value of all open trading positions must not exceed twice the account’s initial balance. This rule ensures traders maintain responsible
  • exposure and manage leverage effectively while allowing for greater trading flexibility.

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  What is the Maximum Exposure rule?

  Traders may only risk up to 25% of their initial challenge balance. This means the total margin allocated to your open positions cannot exceed 25% of your starting balance.

  Example: For a $10,000 account, your maximum margin exposure is $2,500. Exceeding this limit may result in penalties or termination of your funded account.

  What is the Cumulative Open Position Value rule?

  The combined value of all open positions must not exceed twice the account’s initial balance (2X).

  Example: For a $10,000 account, the total value of all open trades cannot exceed $20,000. Violating this rule could result in penalties or account termination.

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  Why are these rules important?

  These rules are designed to:

  • Prevent excessive risk-taking and gambling behavior.
  • Promote responsible trading and proper leverage management.
  • Allow traders to maintain flexibility while ensuring proper account protection.

  When do these rules apply?

  These rules apply only after completing the challenge and verification stages, when you’re actively trading a funded account.

  What happens if I violate these rules?

  Violating these rules can result in penalties or termination of your funded account. Following these guidelines ensures a smoother trading experience and supports long-term success.

1. Trader Breaches the Rule (Risk exceeds 3%):

• Initial Account Balance: $100,000
• Maximum Risk per Position: 0.03 × $100,000 = $3,000
• Trader’s Unrealized/Realized Loss: $5,000

In this case, the trader’s unrealized or realized loss on the position is $5,000, which exceeds the maximum allowable risk of $3,000 (3% of the initial balance). Since the trader has lost more than 3% of the account balance, this is a breach of the rule.

2. Trader Does Not Breach the Rule (Risk is within the limit):

• Initial Account Balance: $100,000
• Maximum Risk per Position: 0.03 × $100,000 = $3,000
• Trader’s Unrealized/Realized Loss: $2,500

In this case, the trader’s unrealized or realized loss is $2,500, which is within the maximum allowable risk of $3,000. Therefore, the trader has not breached the rule and is within the risk limits.

Note: The trader can use more than 3% of their capital in a single position as long as the risk (realized or unrealized loss) does not exceed 3% of the account balance.

You would breach the stop-loss obligation rule in the following instances:

1. Failure to set a stop-loss: A stop-loss is required for every position to control potential losses. If you enter a trade and fail to set a stop-loss, it is a violation of the rule.
2. Not setting a stop-loss within 5 minutes: Traders have 5 minutes from entering a trade to set a stop-loss. If the stop-loss is not set within this time frame, it is a breach of the rule.
3. Potential loss: The maximum risk per position is limited to 3% of the initial account balance. If you set a stop loss that would result in risking more than 3% of your account balance, it is considered a violation of the rule. A potential loss of 3% is immediately activated once the stop loss (SL) is set.