What are the rules to follow in the 1-Step Prime Challenge?

To excel in the 1-Step Prime Challenge, it’s important to adhere to only one major rule and one Target:

Profit Target –  Achieve a profit target of 6% with Consistency* to gain direct access to a Hola Prime Account 

The Maximum Trailing Drawdown- It is the amount your account’s equity or balance can’t go below. It is set at 3% of the initial balance. This 3% trails the highest previous day’s E.O.D balance until the account reaches 3% profits in the account balance.

NO Maximum Trading Days

NO Daily Loss Cap

*The Consistency rule measures a trader’s ability to generate steady profits while managing risk.  It is calculated using the following formula:

Consistency Score = (Biggest Winning Day / Current Total Account Profit) × 100%

To pass the challenge on the Hola Prime Project X, your best day (i.e., your most profitable day) must not exceed 40% of your overall profit target. If your best day equals or exceeds 40% of the profit target, you’ll need to continue trading until your best day accounts for less than 40% of your total profits. Hola Prime Project X has some effective risk management tools, which make it easier to manage the risk and overall consistency target, better than other platforms.

To pass the challenge on the Rithmic & Quantower, your best day (i.e., your most profitable day) must not exceed 30% of your overall profit target. If your best day equals or exceeds 30% of the profit target, you’ll need to continue trading until your best day accounts for less than 30% of your total profits.

Click here to see all trading rules in detail