Crypto Trading Rules of a Crypto Prop Trading Firm

We aim to minimize any unwarranted stress on our traders, which is why we've chosen to make the Trading Period entirely unlimited. With HyroTrader, you have the freedom to allocate as much time as necessary to attain your Profit target.

To meet this objective, you must trade for at least 10 days during the current duration cycle. At least one position must be opened in each of these days. A trading day is defined as a day when at least one trade is executed. If a trade is held over multiple days, only the day when the trade was executed is considered to be the trading day. 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%.

Stop-loss orders are essential for limiting potential losses by automatically executing trades at predefined price levels, and traders must use a stop-loss on every position. Additionally, traders should not risk more than 3% of their initial account balance per position, ensuring that a triggered stop-loss does not exceed this limit. Traders have 5 minutes from entering a trade to set the stop-loss. To ensure the stop-loss is correctly recorded by our monitoring system, it must be set as either a Stop Loss or a Trailing Stop Loss on Bybit (conditional orders or other types will not be considered valid stop losses).

Daily drawdown is calculated as the difference between the highest and lowest values of your account during the day, considering all unrealized profits and losses. You are allowed a daily drawdown limit of 5% of your initial account balance. This means that your account's value should not drop more than 5% below its highest point for the day. The daily server reset occurs at UTC.

The account’s equity (unrealised losses and profits) must not fall below 90% of the initial account amount.

The profit target for the HyroTrader Challenge and Verification is set at 15%. This means that a trader can achieve a profit in the sum of closed positions on their assigned trading account at any time, with no specific time limit.

The fee is reimbursed to you with the first Profit Split when you become an HyroTrade Trader.