Evaluation of a Crypto Proprietary Trading Firm

Your account balance will be adjusted. Your certificate will be issued within approximately 1-2 business days. It’s important to note that trading on the demo live account does not influence your payouts in any way.

As a default arrangement, the Profit Split for HyroTrader Accounts occurs biweekly. However, you have the option to request a payout after a minimum period of 1 calendar day from the first trade executed on the account. Payouts are typically processed within 12-48 hours upon confirming the invoice. You can receive your profits in a cryptocurrency, and there are no withdrawal commissions imposed.

You will undertake your HyroTrader Challenge and Verification using a ByBit demo account. Upon successfully completing the Evaluation process and receiving at least 3-5 payouts, you will be granted access to trade on a ByBit sub-account, which is funded with real capital.

Once we receive your payment for the HyroTrader Challenge, you will need to connect your own ByBit exchange account. If you do not have an account, please register here. KYC verification is not required for demo trading.

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.
  • Maximum risk per position is limited to 3% of the initial account balance.
  • Traders have 5 minutes from entering a trade to set a stop-loss.

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.

You can have multiple challenges simultaneously with HyroTrader. You can participate in more challenges at the same time, but your total allocation cannot exceed $200,000.

HyroTrader, a cryptocurrency proprietary trading firm, offers the best conditions for crypto traders. Traders have the opportunity to trade on any available USDT Futures pair on their ByBit account.

ByBit: all pairs available

Traders can utilize the ByBit demo account with API for trading. You can generate your own API key and link it to your custom trading bot. Using third-party applications is supported only on real trading accounts. More information can be found here.

After successfully completing the evaluation phase, which includes a challenge and verification process, participants will gain access to a simulated demo trading account. On this account, traders can request a payout after achieving a minimum of $100 in profit. With consistent performance and a minimum profit of 15%, traders become eligible for a funded trading account with real capital.

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.

Your fee will be reimbursed to you with the first Profit Split.

Futures accounts are reviewed every business day. If you have achieved your profit target in Phase 1 or Phase 2, we will contact you. If not, please reach out to us via WhatsApp at +44 7707 963142 or email us at [email protected]. We will then review your account, and within approximately 1-2 business days, we will issue a certificate and adjust your account balance.

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.