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A Stop-Loss order is a valuable risk management tool designed to limit potential losses by automatically closing a trade when the price reaches a predetermined level.

On Hola Prime (Sim. Funded) Accounts, the risk per trade idea should not exceed 2% of the initial account balance. A Stop Loss is mandatory on every trade. Trades without Stop Loss are considered to have infinite risk. If the floating (unrealized) or realized loss on such a trade or trade idea exceeds 2% of the initial account balance at any time, the account will be terminated.

Traders who implement stop losses tend to achieve greater long-term success compared to those who don’t. Therefore, we strongly recommend incorporating stop losses into your trading.

Note: The 2% risk-per-trade-idea rule does not apply to the 2-Step Fly, 1-Step Fly and Direct Fly accounts. Accordingly, placing a Stop Loss (SL) is not mandatory for trades on this account, regardless of the phase. However, traders are encouraged to use appropriate risk management practices to manage their exposure effectively.