Hola Prime is making waves in the prop trading world thanks to its trader-first approach, fast payouts, and transparent rules. With features like 1-hour withdrawals, a variety of challenge and direct funding options, and strong profit splits, it offers a compelling choice for futures, forex, and crypto traders. Automating your strategy on ProjectX with PickMyTrade allows you to stay compliant with Hola Prime’s rules while achieving faster execution, reduced slippage, and more consistent trading performance.
About Hola Prime Prop Firm
Here’s what you need to know about Hola Prime:
- Hola Prime is a relatively new prop firm (launched ~2024) that emphasizes transparency, trader empowerment, and fast payout times.
- One-hour payouts: A standout feature. Traders who meet the requirements can request withdrawals, and Hola Prime processes them in around one hour.
- Multiple account / challenge types: Includes 1-Step and 2-Step Challenges, Direct Accounts (bypass evaluation) for some account sizes, and transparency over rules like drawdowns, daily loss limits, etc.
- Profit Shares: Up to ~95% for funded accounts, depending on challenge type and account size.
- Platforms & Instruments: Supports several trading platforms (MT5, cTrader, DX-Trade, MatchTrader, etc.) across forex, commodities, indices, crypto, and recently futures via Hola Prime Futures.
- Minimum fees and evaluation costs are competitive (~$48 for smaller accounts), making Hola Prime accessible.
Why Automate Hola Prime Trading with ProjectX & PickMyTrade?
Manual trading under prop firm conditions often brings challenges:
- Missed entries or delays
- Emotional decision-making
- Risk of violating firm rules (e.g. drawdown, daily loss) due to slow execution
Automation solves much of this. When you use ProjectX + PickMyTrade:
- TradingView alerts translate directly into orders on ProjectX
- Stop-loss, take-profit, bracket orders become automatic parts of your strategy
- Cloud-based execution ensures trades are placed even if you’re not online
- Better consistency, which helps in passing Hola Prime’s challenges or staying funded
Automation Workflow Overview
TradingView Alert → PickMyTrade → ProjectX Execution → Hola Prime Funded or Challenge Account
Click Here To Automate Hola Prime Prop Firm On ProjectX
Step-by-Step Setup Guide
- Confirm Pro Firm Permissions
Reach out to Hola Prime support / check documentation to confirm that automation via PickMyTrade (or similar third-party tools) is allowed under your specific account / challenge. - Access ProjectX
Ensure your Hola Prime account has access to ProjectX or that ProjectX is supported in your account plan (especially if using their Futures division). - Connect PickMyTrade
Sign up or log into PickMyTrade → go to Connections → select ProjectX → enter your necessary credentials. - Generate Alerts
Use PickMyTrade’s alert builder to specify the alert payload (symbol, action, qty, SL/TP, etc.). - Set up Alerts in TradingView
Paste the generated webhook + JSON into TradingView alerts for your strategies. - Test in Demo / Low Size
First, if possible, use demo or small trade sizes to confirm execution, consistency, correct SL / TP behavior, compliance with Hola Prime’s rules. - Go Live & Monitor
Once confident, move onto live challenge/funded account. Keep logs, monitor for discrepancies, avoid violating firm rules.
Pro Tips & Best Practices
- Always include stop-loss & take-profit in the alert JSON to manage risk.
- Trade during high liquidity periods to reduce slippage.
- Use cooldown or anti-repeat filters so you don’t trigger multiple alerts by mistake.
- Be very clear on Hola Prime’s drawdowns and daily loss limits; your automation must respect these.
- Keep a trade history log for review, especially if you need to contest any trade fills or ensure compliance.
Common Pitfalls to Avoid
- Assuming all challenge types allow automation. Some Direct / Instant accounts might have different rules.
- Mistyping or messing up JSON/webhook formatting—leads to misfires or errors.
- Skipping testing — if you go live with errors, you risk challenge failure or losing account.
- Confusing live vs demo accounts in PickMyTrade or ProjectX settings.
Why Hola Prime Traders Benefit
With Hola Prime’s fast payouts, flexible challenges, and high profit share, automation offers a competitive edge. It enables:
- Faster reaction to market conditions
- More disciplined trading behavior
- Greater consistency (which helps in challenge success)
- Scaling better across multiple accounts and strategies
For traders serious about prop trading, building in automation with PickMyTrade + ProjectX could be part of the difference between passing challenges and continually struggling with execution.
Disclaimer:
This content is for informational purposes only and does not constitute financial, investment, or trading advice. Trading and investing in financial markets involve risk, and it is possible to lose some or all of your capital. Always perform your own research and consult with a licensed financial advisor before making any trading decisions. The mention of any proprietary trading firms, brokers, does not constitute an endorsement or partnership. Ensure you understand all terms, conditions, and compliance requirements of the firms and platforms you use.
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