Trading Rules
HyroTrader applies a comprehensive set of risk management requirements and trading restrictions designed to promote disciplined and responsible trading. The rules apply differently depending on whether the trader is in the evaluation phase or has reached a funded account.
Daily Drawdown
HyroTrader uses a trailing Daily Drawdown under the Standard option. The drawdown is calculated from the highest equity point reached during the trading day, including unrealized profit and loss, and updates continuously as new equity highs are reached.
The Daily Drawdown is 5% for Two-Step Challenges and 4% for One-Step Challenges. The daily calculation resets at UTC.
Traders can also purchase the Swing Upgrade, which changes the methodology to a fixed Daily Drawdown calculated from the starting equity of the day. Intraday profits therefore do not increase the drawdown level under the Swing model.
Maximum Loss Per Trade
The maximum realized loss on any individual trade is limited to 3% of the initial account balance. Closing a position with a realized loss exceeding this limit constitutes a rule violation. This rule is manually reviewed rather than automatically monitored.
Stop Loss
Setting a stop-loss is not mandatory. Traders may open positions without a stop-loss order, provided they remain within all applicable risk management limits, including the 3% maximum loss per trade rule.
Consistency Rule
During the evaluation phases, HyroTrader applies a 40% Profit Distribution Rule. No single trading day may contribute more than 40% of the trader's total net result, including both profits and losses.
If the 40% threshold is exceeded, the account is not automatically failed. The trader can continue trading until the overall results satisfy the required profit distribution. The rule applies to Phase 1 and Phase 2 only and does not apply to funded accounts.
Martingale
Martingale strategies are strictly prohibited. Traders may not use strategies based on progressively increasing position sizes after losing trades in an attempt to recover previous losses.
Hedging
Hedging is permitted within a single Bybit account, but hedging positions across two or more different accounts is prohibited. Hedging is not supported on the CLEO platform.
Low-Cap Altcoins
HyroTrader limits exposure to low-cap assets because of their lower liquidity and higher volatility. An asset is considered low-cap when its market capitalization is below $100 million, its typical 24-hour trading volume is between $500,000 and $5 million, or it is listed in the Innovation Zone.
The total exposure across all low-cap assets may not exceed 5% of the initial account balance, including leverage. Violations may result in reassignment to a new challenge, while only 40% of profits generated from low-cap trades may count toward the profit target.
News Trading
Trading based solely on news events is prohibited because HyroTrader considers this a highly risky strategy. However, traders do not have to close existing positions during news events and may continue trading normally, subject to all other rules.
Overnight & Weekend Holding
Positions do not have to be closed overnight. Traders may hold positions through the night and over the weekend.
Number of Positions
HyroTrader does not impose a fixed maximum number of positions. Traders may open as many positions as they consider appropriate, provided that they remain within the applicable risk management rules.
Opening multiple positions with excessive combined risk can still result in a Daily Drawdown violation.
Copy Trading
Copy trading other traders is not allowed. Traders are expected to execute their own trading decisions.
HyroTrader does, however, allow eligible traders who have reached a 15% profit payout to become a master trader on a Bybit sub-account, allowing other traders to copy their trades.
Funded Account Exposure
Once a trader reaches the funded stage, the 40% Profit Distribution Rule no longer applies. However, additional exposure limits are introduced.
A funded trader may allocate a maximum of 25% of the initial account balance as total margin across open positions. In addition, the combined notional value of all open positions may not exceed 2× the initial account balance.
The Daily Drawdown and Maximum Loss rules continue to apply to funded accounts.
Capital Allocation
HyroTrader allows a maximum total capital allocation of $200,000 per user across all active challenges. The limit applies across the Challenge, Verification and Demo Live phases.
Prohibited Trading Actions
For Bybit-based challenges, traders may not request additional demo funds, modify the USDT balance, delete or alter the API key, trade spot in a futures-based challenge, trade EUR/USD, trade options or USDC pairs, or combine spot and margin trading on the same account.
Violations of these restrictions may result in account failure or termination.
Spot Trading
HyroTrader challenges are currently focused on futures trading. Spot trading is not available as part of the challenge.
Inactivity
Accounts are subject to a 30-day inactivity rule. If the most recent trading day is more than 30 days old, the account will be disabled. A trading day is defined by the day on which a trade was closed, rather than the day on which it was opened.
Account Reviews & Risk Behaviour
HyroTrader conducts manual reviews of accounts and may assess trading activity for signs of gambling, excessive risk-taking or an "all-or-nothing" approach.
Depending on the circumstances, HyroTrader reserves the right to issue warnings, remove profits, adjust payouts, temporarily reduce profit splits, reject withdrawal requests or terminate an account.
Rule Violations
Violating a Trading Objective automatically invalidates the affected account and prevents it from continuing through the evaluation process. Traders may start again by purchasing a new HyroTrader Challenge, but repeat attempts do not receive a discount.
Funded account violations may result in penalties or termination of the funded account.
Important
HyroTrader's trading rules are designed to control excessive risk while allowing traders flexibility in their trading approach. Traders are responsible for remaining within all applicable drawdown, exposure, consistency and trading restrictions throughout the program. Rules may differ depending on the account type, platform and stage of the program.
