Hola Prime

Direct Account
1. Daily Loss Limit Daily Loss Limit is the maximum amount a trader is allowed to lose in a day. For the Hola Prime Account issued under the Direct Model, this limit is set at 3% of the previous day's closing balance. The trading rule stipulates that the loss on any day, which is the sum of current floating PnL and total PnL on closed trades, cannot exceed the Maximum Daily Loss Limit. The daily maximum loss is reset every day at 17:00 EST server time. For Instance: If at the end of day 2, your account’s closing balance is $110,000, then the Daily loss Limit for Day 3 would be $3,300 ($110,000 * 3%) This means your equity on Day 3 can't go below $106,700 (110,000-3% of $110,000). If your equity goes below $106,700 at any moment on day 3, your account will be closed. If during the day, you make a profit of $7,000, then the loss limit during the day shall be allowed up to ($110,000*3% + $7,000), which will be $10,300. Another Example: You have a $110,000 trading account. During the day, you realize a significant loss of around $2,000. After this, you initiate another trade. At any given moment, if your running trades exceed the floating loss of $1,300, your account will breach the daily loss limit. Hence, if your trades (including floating losses) exceed a $3,300 loss within any trading day, you're breaching this rule.2. Maximum Trailing Drawdown:
The Maximum Trailing Drawdown is the amount your account's equity or balance can't go below. It is set at 5% of the initial balance. This 5% trails the High Water Mark until the trader reaches 5% profits in the account. Once they have achieved 5% profit in the account, the max trailing locks in at the starting balance and no longer trails the account. Example 1: If you start with a $100,000 account balance your max trailing drawdown will be at 5% ($5,000). This means that your account should not go below $95,000 in equity at any given time.Example 2: Starting Balance= $100,000
If your account balance reaches $102,000(High Water Mark), your max trailing drawdown will be at $97,000 ($102,000-5% of Initial Balance: $ 5,000). This means your account should never go below $97,000 in equity or balance at any given time. However, let's say you close a trade with $1,000 loss and your account balance reaches $101,000, your max trailing drawdown will still be at $97,000 (High Water Mark: $ 102,000- 5% of Initial Balance: $ 5,000). This means your account should never go below $97,000 in equity or balance at any given time.Example 3: Starting Balance= $100,000
If your account balance reaches anything above $105,000, i.e. there is growth of 5% in the account, your max trailing drawdown will be locked in at $100,000. This means your account should never go below $100,000 in equity or balance at any given time.3. Minimum Trading Days
There is no requirement for minimum trading days. 2.4 Biggest Loss Cannot Exceed Biggest Win: The biggest loss recorded in this account must not exceed the biggest gain achieved in the same account. If this condition is not met, the trader must continue trading until the largest loss no longer surpasses the largest gain.4. Consistency Requirement:
The Consistency score should be up to 15%. The consistency score is calculated as follows: Consistency Score = (Biggest Winning Day / Current Total Account Profit) × 100%. In simple words, it means that the biggest winning day cannot exceed 15% of the total profits made in the account. If the score exceeds 15%, the trader must continue trading until this Score is reduced to 15% or lower. For example, the highest profit earned in a day is $5,000, and total profit earned so far is $25,000, then Consistency score = (5000/25000)*100% = 20%. In this case, the trader must keep trading and earn a total profit of at least $33,333 (Additional profit of $8,333), so that the consistency score is brought down to 15%.
5. Minimum Profitable Days By the end of each 14-day payout period, the trader must achieve at least 3 profitable trading days. The 14-day cycle begins on the date of the first trade executed in the account. A day is considered profitable only if the daily profit equals or exceeds 0.3% of the account balance. The 14-day period resets either at the conclusion of each bi-weekly cycle or upon the processing of a reward. Failure to meet this requirement by the end of any 14-day period will result in the termination of the account.