TR · RULES TR.1–TR.8
Trading Rules
TR.1
Daily Loss Limit
TR.1.1 What it is
The Daily Loss Limit is the most you may lose in a single trading day. The day’s loss counts everything: floating profit and loss on open positions plus realised profit and loss on trades closed that day.
TR.1.2 How it is calculated
On Day 1, the limit is calculated on your initial account balance. From Day 2 onwards, it is calculated on the previous day’s closing balance:
Daily loss floor = Previous Day’s Closing Balance − (Previous Day’s Closing Balance × rate)
TR.1.3 Rates by model
1-Step Prime and the Direct Model: 3%. 2-Step Pro and 2-Step Prime: 5% (4% on USD 200,000 accounts). 2-Step Fly: 3% in Phase 1 and Phase 2. 1-Step Fly : 3% in Phase 1 only . There is no Daily Loss Limit on the 1-Step Fly Sim. Funded, 2-Step Fly Sim. Funded Account and Direct Fly account.
TR.1.4 Profit made today helps
Any profit you make during the day increases how much you can lose that day by the same amount.
TR.1.5 Daily reset
The limit resets every day at 17:00 EST (server time). A reset timer is shown on your dashboard.
TR.1.6 When it is breached
The moment your equity or balance reaches or falls below the day’s floor — even briefly — the limit is breached. This is a hard breach (BRC.2). A narrow exception for profitable accounts is in BRC.4.
Example — 3% limit
Yesterday your account closed at USD 11,000. Today’s Daily Loss Limit is 3% of that, or USD 330, so your floor for the day is USD 10,670.
Safe: you are down USD 200, equity USD 10,800 — above the floor, the account stays active.
Breached: you are down USD 350, equity USD 10,650 — the floor is crossed and the limit is breached.
Example — 5% limit on USD 100,000
The limit is USD 5,000, so equity or balance must stay above USD 95,000 during the day. If yesterday closed at USD 110,000, the limit becomes USD 5,500 (floor USD 104,500). If you then make USD 7,000 of profit today, your allowable loss for the day grows to USD 12,500.
TR.2
Maximum Loss Limit (Static Drawdown)
TR.2.1 What it is.
The Maximum Loss Limit (also called Maximum Drawdown) is the absolute floor your account must never touch. Like the daily limit, it counts floating and realised profit and loss together.
TR.2.2 It never moves.
For the Challenge models this floor is static — always calculated on the initial balance, no matter what your balance does later:
Maximum loss floor = Initial Balance − (Initial Balance × rate)
TR.2.3 Maximum Loss Limit varies by account type:
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1-Step Fly Challenge: 5% static MLL.
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1-Step Fly Sim. Funded (Intraday Trailing): 4% intraday equity-based trailing MLL.
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1-Step Fly Sim. Funded (Static MLL Add-On): 3% static MLL, available as an optional add-on at the time of account purchase.
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Direct Fly: 4% intraday equity-based trailing MLL.
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2-Step Fly Challenge (Phase 1 and Phase 2): 6% static MLL.
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2-Step Fly Sim. Funded: 5% intraday equity-based trailing MLL, with the floor locking at 3% below the initial account balance (TR.3.5).
Note: The 4% intraday trailing MLL for Direct Fly and 1-Step Fly Sim. Funded locks permanently at the initial account balance once it reaches that level.
TR.2.4 When it is breached
The moment equity or balance reaches or falls below the floor, the account is terminated — whether that happens on day 1 or day 50. This is a hard breach.
Example — 6% limit
Initial balance USD 10,000; the floor is USD 9,400. Down USD 400 (equity USD 9,600) is safe. Down USD 650 (equity USD 9,350) crosses the floor and the account is terminated.
Example — 10% limit on USD 100,000
The floor is USD 90,000. If equity or balance ever reaches or falls below USD 90,000, the account is terminated.
TR.3
Trailing Drawdown & High-Water Mark
TR.3.1 Where it applies
Intraday equity-based trailing drawdown applies to Direct Fly, 1-Step Fly Sim. Funded (Intraday Trailing) and 2-Step Fly Sim. Funded Accounts. The 1-Step Fly Sim. Funded Account with the Static MLL Add-On and all Challenge Phases use a static Maximum Loss Limit (TR.2).
TR.3.2 How it works
The floor follows your High-Water Mark — your highest end-of-day balance so far — staying the set percentage below it. It only moves up, never down. Once your account reaches the matching profit threshold, the floor locks at the initial balance and stops trailing:
Trailing floor = High-Water Mark − (Initial Balance × rate)
TR.3.3 Rates
The Direct Model: 7% of the initial balance, trailing the highest end-of-day balance (locks once you are 7% in profit).
TR.3.4 Losses do not lower it
A losing day never brings the floor back down — it stays where your best end-of-day balance put it. Crossing the floor is a hard breach.
Example — Direct Model 7% on USD 100,000
The floor starts at USD 93,000. If your best end-of-day balance reaches USD 102,000, the floor rises to USD 95,000. When the account reaches USD 107,000 (+7%), the floor locks at USD 100,000 for good.
TR.3.5 2-Step Fly Sim. Funded Account.
The Maximum Loss Limit is 5% of your initial account balance and trails based on the highest equity reached during the day. Whenever your account equity reaches a new high, your Maximum Loss Limit moves up accordingly. This adjustment happens in real time, even if the floating profit has not been realised by closing the trade. Once the Maximum Loss Limit reaches 3% below your initial account balance, it locks at that level and stops trailing. The limit never moves down.
Example 1 (Gradual Floating Profits):
Your account starts with an equity of $100,000. An open trade generates $1,000 in floating profit, taking your equity to $101,000. Your Maximum Loss Limit moves up to $96,000 ($101,000 − $5,000). Later, your equity reaches $102,000 due to additional floating profits, moving the limit to $97,000. The limit is now locked. Even if your equity increases further to $104,000 or $105,000, the limit remains at $97,000.
Example 2 (Losing Trades):
Your account starts with an equity of $100,000. During the day, your trades incur losses, and your equity falls to $99,000 and then $97,000. Since your equity has not reached a new high, the Maximum Loss Limit remains at $95,000. You have $2,000 of room before a breach.
Example 3 (Big Floating Profit, Then Losses):
Your account starts with an equity of $100,000. An open trade generates $6,000 in floating profit, taking your equity to $106,000. The calculated Maximum Loss Limit would be $101,000, but the limit cannot move above $97,000. Therefore, it locks at $97,000. If your open trades subsequently incur floating losses and your equity drops to $100,000, the limit remains at $97,000, leaving you with $3,000 of room before a breach.
Example 4 (Intraday Breach):
Your account reaches an equity high of $101,000 due to floating profits on open trades. Your Maximum Loss Limit moves up to $96,000 ($101,000 − $5,000). Later, your open trades incur floating losses, and your equity drops to $95,800. Since your equity has fallen below the applicable Maximum Loss Limit of $96,000, your account is breached, even though the trades have not been closed.
TR.4
The Risk-Per-Trade-Idea Rule
This is one of the most important rules in this Rulebook. It caps how much any single trading idea can put at risk, it defines when several positions count as one idea, and it requires a stop-loss on every position. Exceeding the cap — or a floating or realised loss of more than 2% on a trade or Trade Idea without a stop-loss — is a hard breach that permanently ends the account.
TR.4.1 Why it exists
No single trade — or cluster of trades expressing the same view — should be able to put an outsized share of the account at risk. This rule enforces the “trade it like your own money” principle in FND.2.
TR.4.2 Where and when it applies
It applies to Pro Hola Prime (Sim. Funded), Prime Hola Prime (Sim. Funded) and Direct accounts, continuously, on every Trade Idea, for the life of the account. It does not apply during the Challenge phase, where the loss limits in TR.1, TR.2 and TR.3 do that job — It applies on every Trade Idea for the life of the account (SCH.2). It does not apply to 2-Step Fly, 1-Step Fly and Direct Fly accounts in any phase .SCH.2).
TR.4.3 The limits
Measured against the initial balance:
The percentage is always taken from the initial balance — it does not grow with intraday profit or a rising balance. If your account has been scaled (GRW.1), the scaled balance becomes the initial balance for this rule.
TR.4.4 How “risk” is measured
“Risk” refers to the maximum amount at stake on a trade or Trade Idea, determined by the stop-loss placement. In practice, that is the distance from entry to stop-loss, multiplied by position size and the instrument’s per-pip or per-point value, added up across every position in the idea. Only the risk taken matters, not the loss: if a stop-loss is set within the 2% risk limit, any additional loss caused by price differences will not be considered in the risk calculation.
TR.4.5 Stop-loss is mandatory
A Stop Loss is mandatory for every trade. A floating or realised loss exceeding 2% on a trade or Trade Idea without a Stop Loss will be considered a breach (TR.4.9). Beyond the rule, stop-losses simply make you a better trader: use one on every trade.
TR.4.6 What counts as one Trade Idea
Positions are grouped so the cap cannot be dodged by splitting one view across many tickets:
Overlapping positions — several positions in the same instrument and the same direction that are open at the same time count as one Trade Idea, even if they were opened or closed at different moments.
The 10-minute re-entry rule — if you close a position and open a new one in the same instrument and direction within 10 minutes, it is a continuation of the same Trade Idea. Any continuous chain of such closely timed re-entries is one idea, however many tickets it contains.
Cumulative counting — the combined risk of every position inside a grouped idea is measured together against the cap. It is your job to track the running total: an extra entry can push a compliant idea over the limit.
TR.4.7 What is a separate Trade Idea
Positions in different instruments are separate ideas, each with its own cap. Buy and sell positions in the same instrument are a hedge (allowed within one account — PTP.7), not one directional idea. Same-direction positions that neither overlap nor re-enter within 10 minutes are separate ideas. Margin (TR.6) and exposure limits (TR.5) still apply across everything you have open.
TR.4.8 Adding and adjusting
Adding lots or contracts to an idea adds to its risk — the total must stay under the cap. Widening a stop-loss increases risk and can cause a breach; tightening it or partially closing reduces risk. Adding to a losing position to “average down” is separately prohibited (PTP.3).
TR.4.9 If you break it
Exceeding the cap on any Trade Idea — or a floating or realised loss of more than 2% on a trade or Trade Idea without a Stop Loss — is a hard breach: the account is terminated and simulated profits and pending rewards are forfeited (BRC.2 and PAY.10).
TR.4.10 When the cap drops to 1%
If prohibited practices are found, we may cut your per-idea limit to 1% as a preventive measure, communicated through official channels (PTP.11). Enrolment in the Prime Consistency Programme fixes the limit at 1% (PCP.2).
Example 1 — one position (2%, USD 100,000)
A EUR/USD position sized so that hitting the stop-loss would cost USD 1,800 is fine (under USD 2,000). Sized so the stop would cost USD 2,100, it breaches the rule the moment it opens.
Example 2 — overlapping positions are one idea
Three separate EUR/USD buys opened through the morning, all still open, are one Trade Idea. If they risk 1.0%, 0.6% and 0.5% at their stops, the idea’s total is 2.1% (USD 2,100) — a breach, even though each ticket alone is small.
Example 3 — the 10-minute chain
You close a GBP/USD long at 10:00, open a new long at 10:07, close it at 10:20 and open another at 10:26. Each re-entry came within 10 minutes of the last close, so the whole chain is one Trade Idea and its cumulative risk — say 2.5% — is measured against the single 2% cap: a breach.
TR.5
Maximum Exposure, Lot & Position Limits
TR.5.1 Open-lot caps (2-Step Pro, Hola Prime (Sim. Funded) only)
On 2-Step Pro Funded Accounts, the total lot size of all open trades is capped. The cap does not apply to USD 5,000 or 10,000 accounts, nor to Prime or Direct accounts:
“Maximum lots” means the total across all open trades — on USD 100,000 that could be four 10-lot trades or forty 1-lot trades.
TR.5.2 If you exceed the cap
It is a soft breach: the system closes all open trades, disables the account, and deducts the profit from trades above the limit. A first breach can be re-enabled on request. A second breach means profit deduction, a cut of the profit split to 30%, and termination. If the deductions push you through a Daily or Maximum Loss Limit, the account is treated as failed (BRC.3).
TR.5.3 Platform order limits
On MT5 there is a hard platform limit of 100 orders at a time and 1,000 positions per day, counting new orders and modifications (PLT.1).
TR.5.4 2-Step Fly, 1-Step Fly (Sim. Funded Account) and Direct Fly.
The maximum position size is 5 lots per order, with no restriction on the total number of trades. There is no lot limit in Phase 1 or Phase 2.
TR.6
Margin Utilisation
TR.6.1 What margin is
Margin is the capital reserved to open and hold a position:
Used Margin = (Entry Price × Lot Size × Contract Size) ÷ Effective Leverage
Margin Utilisation (%) = (Used Margin ÷ Initial Account Balance) × 100
TR.6.2 Healthy levels
Professional traders typically risk only 0.75–1% per trade and keep margin utilisation within about 30%. Use this guide:
TR.6.3 Excessive utilisation
Hola Prime expects traders to maintain responsible use of leverage and margin. Excessive margin usage or overleveraging may be considered a prohibited trading practice; where it is repeated or considered material, Hola Prime may impose risk restrictions on the account (PTP.2.3).
TR.6.4 Prime Consistency Programme
Traders enrolled in the programme must keep total margin utilisation at or below 30% at all times (PCP.2).
TR.6.5 Margins can change
Current leverage and margin are fixed, but Hola Prime may introduce tiered or variable margin at its discretion, without prior notice.
TR.7
Leverage
TR.7.1 Leverage by model
2-Step Pro offers up to 100:1; the Prime models and the Direct Model offer up to 50:1. By instrument: 2-Step Fly, 1-Step Fly and Direct Fly offers up to 50:1 in every phase.
- Indices are not available on MatchTrader (Fly accounts).
TR.7.2 Higher is not better
Higher leverage needs less margin but magnifies both gains and losses. Lower leverage needs more margin and supports conservative position sizing.
TR.8
Inactivity
TR.8.1 Challenge and Funded Accounts
Any account — Challenge or Funded — with no activity for 30 consecutive calendar days is permanently suspended. Activity means opening at least one trade, hence closing a trade, moving a stop-loss or take-profit, or placing a pending order does not count.
Example
Your last trade was opened on 1 January. You must open a new position by 30 January; if none is opened by 31 January, the account is breached for inactivity.
