Frequently asked questions

Q: How do you calculate the Max Drawdown?

For Crypto Challenge Accounts: The maximum drawdown is the maximum your crypto prop firm account can draw down before you would hard breach it. When you open the account, your Maximum Drawdown is set at 9% of your starting balance on 2-phase challenges and 6% for 1-phase challenges. The max drawdown is static and does not trail on "Challenge Plans." For Crypto Instant Funding: The Maximum Trailing Drawdown is initially set at 5% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a 5% return in your account. Once you have achieved the % return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance. Example: If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $97,000. Next, let's say you take your account to $108,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000. Please also note that the Account locks at the starting balance upon the first payout request. Your first withdrawal request can be made at any time and then once every 30 days thereafter.

Question 1

How do you calculate the Max Drawdown?

Accepted Answer

For Crypto Challenge Accounts: The maximum drawdown is the maximum your crypto prop firm account can draw down before you would hard breach it. When you open the account, your Maximum Drawdown is set at 9% of your starting balance on 2-phase challenges and 6% for 1-phase challenges. The max drawdown is static and does not trail on "Challenge Plans."

For Crypto Instant Funding: The Maximum Trailing Drawdown is initially set at 5% and trails (using CLOSED BALANCE - NOT equity) your account until you have achieved a 5% return in your account. Once you have achieved the % return, the Maximum Trailing Drawdown no longer trails and is permanently locked in at your starting balance.

Example: If your starting balance is $100,000, you can drawdown to $95,000 before you would violate the Maximum Trailing Drawdown rule. Then for example let's say you take your account to $102,000 in CLOSED BALANCE. This is your new high-water mark, which would mean your new Maximum Trailing Drawdown would be $97,000. Next, let's say you take your account to $108,000 in CLOSED BALANCE, which would be your new high-water mark. At this point your Maximum Trailing Drawdown would be locked in at your starting balance of $100,000. So, regardless of how high your account goes, you would only breach this rule if your account drew back down to $100,000. Please also note that the Account locks at the starting balance upon the first payout request. Your first withdrawal request can be made at any time and then once every 30 days thereafter.

Question 2

Can I hold positions over the weekend?

Accepted Answer

Unless you've purchased the "Weekend Holding" add-on, we require all trades to be closed by 3:45 p.m. EST on Friday. Any trades left open after this time will automatically be closed. Note that this is only a soft breach, and you will be able to continue trading once the markets reopen.

Question 3

Can I trade during News Events?

Accepted Answer

Trading within 3 minutes before or after a News Event is prohibited. Any traders identified as having traded during a News Event during the challenge phase are subject to having those trades removed, having the leverage on their account reduced, or having their account breached altogether. Hydra Funding has sole and absolute discretion in determining what constitutes a News Event.

Question 4

Can I use an Expert Advisor?

Accepted Answer

Subject to our policy on Prohibited Trading as described below, you can trade using an Expert Advisor.

Question 5

Is there a breach for inactivity?

Accepted Answer

Yes. If you do not place a trade at least once every 30 days on your crypto prop firm account, we will consider you inactive and your account will be breached.

Question 6

What is the difference between a Hard Breach and Soft Breach rule?

Accepted Answer

A soft breach means we will close all trades that violate the rule. However, you can continue trading in your Assessment or Live Account. A hard breach means that you violated either the Daily Loss Limit or Max Drawdown rule.

The only way to lose a Hydra Account is to breach the Max Drawdown rule or violate the "Prohibited Trading Activity" clause.

In the event you have a hard breach, you will fail the Assessment or have your Live Account taken away. A hard breach can also occur if you violate our policy on Prohibited Trading Activity. Refer to section below for details.

Question 7

What is the policy on Prohibited Trading Activity?

Accepted Answer

You are prohibited from using any trading strategy expressly prohibited by Hydra Funding or the Liquidity Providers it uses. Such prohibited trading (“Prohibited Trading”) shall include, but not be limited to:

Exploiting errors or latency in the pricing and/or platform(s) provided by the Liquidity Provider
Utilizing non-public and/or insider information
Front-running of trades placed elsewhere
Trading in any way that jeopardizes the relationship that Hydra Funding has with a Liquidity Provider or may result in the cancellation of trades
Trading in any way that creates regulatory issues for the Liquidity Provider
Utilizing any third-party strategy, off-the-shelf strategy, or one marketed to pass challenge accounts
Utilizing one strategy to pass an assessment and then utilizing a different strategy in a funded account, as determined by Hydra Funding in cooperation with Prop Account, LLC, at their discretion
Attempting to arbitrage an assessment account with another account with Hydra Funding or any third-party company, as determined by Hydra Funding in its sole and absolute discretion.
If Hydra Funding detects that your trading constitutes Prohibited Trading, your participation in the program will be terminated and may include forfeiture of any fees paid to Hydra Funding. Additionally, before any Trader shall receive a funded account, the trading activity of the Trader under these Terms and Conditions shall be reviewed by Hydra Funding and the Liquidity Provider to determine whether such trading activity constitutes Prohibited Trading. In the case of Prohibited Trading, the Trader shall not receive a funded account.
Additionally, Hydra Funding reserves the right to disallow or block any Trader from participating in the program for any reason, in Hydra Funding’s sole and absolute discretion. To view all Prohibited Uses, please review our Terms and Conditions here: https://dashboardanalytix.com/client-terms and-policies/?v=3acf83834396

	$5k Capital	$10k Capital	$25k Capital	$50k Capital	$100k Capital	$200k Capital
Account gains target	9%	9%	9%	9%	9%	9%
Min/Max trading days	None	None	None	None	None	None
Consistency Rule	33%	33%	33%	33%	33%	33%
Max overall loss	6%	6%	6%	6%	6%	6%
Available Leverage	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others	5:1 (BTC, ETH); 2:1 Others
Live Account Payout Share	90%	90%	90%	90%	90%	90%
Weekend Trading	Yes	Yes	Yes	Yes	Yes	Yes
News Trading	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News	No Trading +/- 3 Minutes Of News
One Time Fee	$45	$95	$250	$525	$1050	$2150

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