You can win the tournament by achieving the highest PnL. There are specific rules and drawdown limits in place—you just need to follow the trading rules and focus on maximizing your profit.
How can I win the tournament?
New to HyroTrader
Evaluation Process
- How can I become a Trader with HyroTrader?
- How long does it take to become a HyroTrader?
- What happens after successfully completing both Phase 1 and Phase 2 of the verification process?
- I just got verified. When do I get the refund?
- I have reached the profit goal. Will I receive an automatic notification from the HyroTrader team?
- What are the profit goals for each verification phase?
- Will I be automatically notified if I breach one of the rules?
- Do I need to complete KYC on Bybit when starting the verification process with HyroTrader?
Rules
- If I break the rules, do I get another chance?
- Do I have to close my positions overnight?
- What are the other risk management conditions in HyroTrader?
- Minimum trading days
- How is 5% daily drawdown calculated?
- How many positions can I open?
- Do you have an inactivity rule?
- Prohibited Actions
- What is the correct way to set a stop loss, and can I place an order without a stop and then set a stop loss?
- Is news trading allowed?
- I have one trade that exceeds the distribution rule. What happens now?
- Can I trade spot on HyroTrader challenges?
- Are there any other rules for a funded account?
- Can I risk more than 3% of my capital in a single position?
- In what instances would I breach the stop-loss obligation rule?
Platform
- Which platforms can I use for trading?
- What instruments can I trade?
- Can I create an API Key on Bybit to trade on a different platform?
- Is trading allowed for individuals from restricted countries?
- Which countries are allowed to join HyroTrader? Can I join from the US/UK?
- What leverage can I use?
- Is it possible to trade USDC on funded accounts?
- What happens if my API expires during a Bybit challenge?
- How can I correctly set up multiple Bybit challenges under one Hyro profile?
Hyrotrader Account
- What is the legal relationship between a trader and HyroTrader during account management?
- How can I withdraw my profits?
- When will I get the account?
- When will I transition from the simulated demo account to the fully funded real account?
- How much is the profit split?
- What happens if I fail the account but it’s still in profit?
- Are traders responsible for any financial obligations to HyroTrader?
Orders & Billing
Crypto Proprietary Trading Firms
- What Is a Crypto Proprietary Trading Firm?
- How do crypto prop trading firms work?
- Traditional proprietary trading firms.
- Proprietary trading firms offering both real trading and simulated trading accounts.
- Proprietary trading firms that offer only simulated trading accounts.
- What Are the Best Crypto Proprietary Trading Firms?
- How Do Crypto Proprietary Trading Firms Earn Money?
- What Cryptocurrencies Can You Trade With a Crypto Proprietary Trading Firm?
ByBit Cashback
Mentors
Tournament
- What can I win in the tournament?
- How can I win the tournament?
- What is PNL?
- What if I don’t have a ByBit account?
- What is restricted during the tournament?
- What pairs can I trade during the tournament?
- Can I have multiple tournament accounts?
- What is the Trading Challenge and Cleo Backtesting Platform?
- What happens if I break the trading rules?
- How do I set a stop-loss?