Limited TimeStill Have Questions?
Feel free to get in touch with us today!
Disclaimer
All information provided on this site is for educational purposes only, related to trading in financial markets. It is not intended as financial advice, business or investment recommendation, or as an opportunity or recommendation to trade any investment instruments. Hola Prime only provides an educational environment to traders, including tools, materials and simulated trading platforms which have data feed provided by Liquidity Providers. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations.
Trading strategies are personal. Some traders prefer quick entries and exits. Others hold a position longer because they believe the setup needs time to develop. Some repeat the same trade idea across different entries, while others prefer to build into a position as the market confirms their view.
The problem is that many prop trading challenges can place restrictions on how you execute these ideas.
That is exactly what Hola Prime set out to change with the newly launched 2-Step Prime X account.
2-Step Prime X is built around a simple idea: give traders more freedom to execute their strategy their way. There is no 2% risk per trade idea rule, no mandatory stop loss and no trailing drawdown. Instead, traders work within clear account level loss limits while having greater flexibility over how they manage individual positions.
The 2-Step Prime X is a two phase prop trading evaluation designed for traders who want fewer restrictions around their trading decisions.
The goal is straightforward. Complete Phase 1 by reaching a 10% profit target while trading for at least 5 trading days. Once you successfully complete Phase 1, you move to Phase 2, where the target drops to 5% with a minimum of 3 trading days.
Throughout the evaluation, you still need to respect the account's defined loss limits. The difference is that 2-Step Prime X gives you more freedom in how you reach your targets.
You are not required to structure every trade around a 2% risk limit. You do not have to place a stop loss simply because the rules demand one. And you do not have to manage a trailing drawdown that continually moves with your account balance.
For traders who already have a defined strategy, that freedom can make a meaningful difference.
One of the standout features of 2-Step Prime X is the removal of the 2% risk per trade idea rule.
With this change, 2-Step Prime X gives you more flexibility.
You can structure your trade according to your own strategy instead of having to constantly calculate whether your particular idea fits within a separate 2% risk restriction.
That does not mean risk management disappears. Your account still has defined loss limits, and responsible position sizing remains important. The difference is that Hola Prime is not dictating a 2% maximum risk for each individual trade idea.
This makes Prime X particularly interesting for traders whose strategies involve scaling in, multiple entries, wider stops, or holding strong convictions through normal market fluctuations.
A stop loss is an important tool for many traders. But not every strategy uses one in the same way.
Some traders manage positions manually. Some hedge exposure. Some use price levels, time based exits or portfolio level risk management. Others may simply have a predefined point at which they will close a position rather than placing a stop order in the market.
With Prime X, a stop loss is not mandatory.
You can use one if it is part of your strategy. You can manage your position differently if your approach requires it.
This is not about suggesting that traders should trade without risk controls. It is about giving experienced traders the freedom to decide how they want to manage their positions.
Your strategy remains yours.
Another major feature of 2-Step Prime X account is the absence of a trailing drawdown.
Trailing drawdown can be difficult for traders because the level changes as the account grows. A profitable period can therefore change the amount of room available to the trader later.
Your maximum loss limit stays static, giving you a clear level to manage throughout the challenge.
This makes it easier to understand where you stand. You know the account's maximum loss level and can build your trading plan around that fixed reference point rather than constantly adjusting to a moving threshold.
For traders who don’t prefer the uncertainty that comes with trailing drawdown, this can make the evaluation much easier to understand.
The idea behind 2-Step Prime X goes beyond removing individual restrictions.
It is about giving traders room to actually trade the strategy they have developed.
You may want to repeat a setup because your strategy gives you multiple entries. You may want to hold a position because your analysis points toward a larger move. You may want to structure a trade differently from another trader sitting next to you.
2-Step Prime X does not require every trader to follow the same execution style. That is the meaning behind Trade With Liberty.
You still have to respect the account's loss limits and complete the evaluation targets. But within those boundaries, you have greater control over how you approach the market.
The 2-Step Prime X evaluation keeps the journey simple.
|
Stage |
Profit Target |
Minimum Trading Days |
|
Phase 1 |
10% |
5 days |
|
Phase 2 |
5% |
3 days |
The first phase requires a 10% profit target with a minimum of 5 trading days.
This is where you demonstrate that your strategy can perform while staying within the account's loss limits. There is no need to rush through the phase. The focus should remain on executing your strategy consistently.
After completing Phase 1, you move into Phase 2 with a lower 5% profit target and a minimum of 3 trading days.
The same trading freedom continues. You can manage your positions according to your approach while respecting the account's defined risk limits.
The two phase structure gives traders a clear objective without forcing them into a rigid style of execution.
It is not necessarily about finding a strategy for you. It is about giving you the flexibility to execute the strategy you already understand.
It can be particularly suitable for traders who:
Use multiple entries for a single market idea
Prefer manual trade management
Do not rely on mandatory stop loss placement
Want a static maximum loss limit
Prefer not to work under a trailing drawdown
Have a clear understanding of their own risk management
Want more freedom in how they structure trades
There is an important distinction to make.
More freedom does not mean unlimited risk.
Prime X removes the 2% risk per trade idea rule, but that does not mean traders should take reckless positions. The account still has defined loss limits, and exceeding those limits can put the evaluation at risk.
In fact, greater freedom makes personal risk management even more important.
If your strategy requires larger positions, you need to understand how that affects your account. If you trade without a stop loss, you need another clear way to control your downside. If you use multiple entries, you should know your total exposure before adding to a position.
The advantage of Prime X is that these decisions remain with you.
The appeal of a prop challenge is usually simple: access to trading capital without having to rely entirely on your own account balance.
But access to capital is only useful if the trading conditions allow you to execute your strategy properly.
That is where 2-Step Prime X stands out.
You get a two phase evaluation, clear profit targets, a static maximum loss limit, no trailing drawdown, no mandatory stop loss and, importantly, no 2% risk per trade idea rule.
Instead of constantly asking, "Does this trade fit the prop firm's execution rules?" you can spend more time asking the question that actually matters:
"Does this trade fit my strategy?"
That shift can make the evaluation feel much more natural for experienced traders.
The newly launched 2-Step Prime X account is built for traders who want more control over how they trade.
The concept is simple. Reach 10% in Phase 1, then 5% in Phase 2, while staying within the account's defined loss limits. Along the way, you get the freedom to structure your trades your way.
There is no 2% risk per trade idea rule. There is no mandatory stop loss. There is no trailing drawdown.
You still need discipline. You still need risk management. And you still need a strategy that can perform consistently.
But how you execute that strategy is largely up to you.
For traders who have always felt that overly restrictive rules get in the way of their approach, Prime X offers a different way to trade.
About the Author: Sam Saleh
Sam Saleh, a London-based trader, began his trading journey at 19 while studying Business at the University of Bedfordshire. With expertise in trading and a background in marketing, he now coaches at Hola Prime, where he develops educational content aimed at building trader confidence, consistency, and financial literacy.
