Rewards and TLV (Total Liquidation Value)

Halcyon Trader Funding – Reward & Risk Policy
What is TLV (Total Liquidation Value)?

At Halcyon Trader Funding, your Total Liquidation Value (TLV) plays a critical role in managing risk and determining when you should responsibly take a reward.

Halcyon Lite Accounts

TLV – Halcyon Lite Accounts

Once the buffer is met in a Halcyon Lite Reward Account, your Total Liquidation Value (TLV) requirement will be automatically set to the original starting balance of the account plus $100, based on your selected account size.

Example:

You start with a $50,000 Halcyon Lite Reward Account.
Your initial buffer for reward eligibility is $2,100.

After reaching this buffer, your account must remain above $50,100 ($50,000 + $100).

If your account balance falls to or below $50,100, the account will be considered failed and closed.

🚫 Important:

You cannot allow your account’s TLV to drop to or below the original starting balance plus $100 at any time.

Also note: For Halcyon Lite Reward Accounts, traders are NOT allowed to withdraw rewards inside of the specific account buffer.

The TLV rule is in place to protect capital and promote responsible trading behavior.

TLV Requirements by Account Type:

Ultra Sim Brokerage Accounts

Example:

With a $1,000,000 Ultra Account that has a profit target and reward threshold of $60,000:

• Once a trader takes their first reward, the account balance must remain at or above $60,000.

• If the balance falls below $60,000 at any point after the first reward, the account will be considered failed.

To maximize earning potential and maintain a reward-eligible account long-term, we recommend that traders maintain a sufficient buffer in the account.
This ensures the ability to continue trading your edge or system effectively.

What is Total Liquidation Value (TLV)?

Total Liquidation Value (TLV) = Original Starting Balance + Required Buffer or Profit Target

It represents the minimum equity level required to avoid account closure.

• During the early phase of your account, a trailing or end-of-day drawdown is applied to manage risk.

• Once you reach your reward buffer or take your first reward, the drawdown is removed.

From that point forward:

✅ You are trading on a full capital basis
✅ The TLV becomes a hard floor
✅ This aligns with practices in real trading firms
✅ Ensures the firm’s capital is no longer at risk
✅ Prepares you for a live brokerage trading account

If your account balance falls below the TLV (your original starting balance plus the required buffer or profit target) after surpassing the buffer or after taking a reward, your account will be liquidated and forfeited.

There is no longer a buffer or trailing stop — your account equity becomes your only line of defense.

✅ Summary: Best Practices for Long-Term Success

• ✅ Grow your account until you have sufficient capital to trade your system or edge

• ✅ Then begin taking regular rewards

• ❌ Avoid taking rewards too soon if you want to maintain a risk cushion