Examples with Contract Details

Sigma Base Hits Strategy Examples with Contract Details

The Sigma Base Hits Strategy focuses on achieving small, consistent profits across multiple trading accounts, which compound over time to generate significant earnings. This strategy can be applied across various proprietary trading firms (prop firms) and account sizes.

In this updated version, we'll include the number of contracts of NQ1 (Nasdaq 100 futures), specifying whether they are Micro E-mini (MNQ) or E-mini (NQ) contracts, in our examples and tables.

Table of Contents

  • Key Variables

  • Example 1: Apex Trader Funding

  • Example 2: MyFundedFutures.com

  • Example 3: Take Profit Trader

  • Example 4: TickTickTrader

  • Example 5: Belunox

  • Summary Table

  • Notes and Considerations

  • Conclusion

Key Variables

Before diving into the examples, let's define the key variables used in the tables:

  • Prop Firm: The proprietary trading firm offering funded accounts.

  • Account Size: The capital amount provided per account by the prop firm.

  • Number of Accounts: Total trading accounts used simultaneously.

  • Daily Profit Target per Account: The modest profit goal set for each account daily.

  • Total Daily Profit: Cumulative daily profit across all accounts.

  • Total Monthly Profit: Cumulative profit over a month (assumed 20 trading days).

  • Points Needed per Day per Account: The number of points required on a trading instrument to reach the daily profit target.

  • Trading Instrument: The financial instrument traded (e.g., Nasdaq futures).

  • Value per Point: Monetary value per point movement of the trading instrument.

  • Contracts Traded per Account: Number of contracts traded per account.

  • Contract Type: Whether the contracts are E-mini or Micro E-mini.

Example 1: Apex Trader Funding

Scenario

  • Prop Firm: Apex Trader Funding

  • Account Size: $50,000

  • Number of Accounts: 20

  • Daily Profit Target per Account: $250

  • Trading Instrument: Nasdaq 100 E-mini Futures (NQ)

  • Value per Point: $20 (for NQ E-mini)

  • Contracts Traded per Account: 1

  • Contract Type: E-mini

Calculations

  1. Points Needed per Day per Account

    Points Needed=Daily Profit Target per AccountValue per Point×Contracts Traded per Account=$250$20×1=12.5 points\text{Points Needed} = \frac{\text{Daily Profit Target per Account}}{\text{Value per Point} \times \text{Contracts Traded per Account}} = \frac{\$250}{\$20 \times 1} = 12.5 \text{ points}Points Needed=Value per Point×Contracts Traded per AccountDaily Profit Target per Account​=$20×1$250​=12.5 points

  2. Total Daily Profit

    Total Daily Profit=Daily Profit Target per Account×Number of Accounts=$250×20=$5,000\text{Total Daily Profit} = \text{Daily Profit Target per Account} \times \text{Number of Accounts} = \$250 \times 20 = \$5,000Total Daily Profit=Daily Profit Target per Account×Number of Accounts=$250×20=$5,000

  3. Total Monthly Profit

    Total Monthly Profit=Total Daily Profit×20 trading days=$5,000×20=$100,000\text{Total Monthly Profit} = \text{Total Daily Profit} \times 20 \text{ trading days} = \$5,000 \times 20 = \$100,000Total Monthly Profit=Total Daily Profit×20 trading days=$5,000×20=$100,000

Table

Parameter

Value

Prop Firm

Apex Trader Funding

Account Size

$50,000

Number of Accounts

20

Daily Profit Target per Account

$250

Trading Instrument

NQ (E-mini)

Contracts Traded per Account

1

Value per Point

$20

Points Needed per Day per Account

12.5 points

Total Daily Profit

$5,000

Total Monthly Profit

$100,000

Example 2: MyFundedFutures.com

Scenario

  • Prop Firm: MyFundedFutures.com

  • Account Size: $100,000

  • Number of Accounts: 10

  • Daily Profit Target per Account: $500

  • Trading Instrument: Nasdaq 100 Micro E-mini Futures (MNQ)

  • Value per Point: $2 (for MNQ Micro E-mini)

  • Contracts Traded per Account: 25

  • Contract Type: Micro E-mini

Calculations

  1. Points Needed per Day per Account

    Total Value per Point=Value per Point×Contracts Traded=$2×25=$50\text{Total Value per Point} = \text{Value per Point} \times \text{Contracts Traded} = \$2 \times 25 = \$50Total Value per Point=Value per Point×Contracts Traded=$2×25=$50 Points Needed=$500$50=10 points\text{Points Needed} = \frac{\$500}{\$50} = 10 \text{ points}Points Needed=$50$500​=10 points

  2. Total Daily Profit

    $500×10=$5,000\$500 \times 10 = \$5,000$500×10=$5,000

  3. Total Monthly Profit

    $5,000×20=$100,000\$5,000 \times 20 = \$100,000$5,000×20=$100,000

Table

Parameter

Value

Prop Firm

MyFundedFutures.com

Account Size

$100,000

Number of Accounts

10

Daily Profit Target per Account

$500

Trading Instrument

MNQ (Micro E-mini)

Contracts Traded per Account

25

Value per Point (Total)

$2 x 25 = $50

Points Needed per Day per Account

10 points

Total Daily Profit

$5,000

Total Monthly Profit

$100,000

Example 3: Take Profit Trader

Scenario

  • Prop Firm: Take Profit Trader

  • Account Size: $75,000

  • Number of Accounts: 5

  • Daily Profit Target per Account: $300

  • Trading Instrument: Nasdaq 100 E-mini Futures (NQ)

  • Value per Point: $20 (for NQ E-mini)

  • Contracts Traded per Account: 1

  • Contract Type: E-mini

  1. Points Needed per Day per Account

    Points Needed=$300$20×1=15 points\text{Points Needed} = \frac{\$300}{\$20 \times 1} = 15 \text{ points}Points Needed=$20×1$300​=15 points

  2. Total Daily Profit

    $300×5=$1,500\$300 \times 5 = \$1,500$300×5=$1,500

  3. Total Monthly Profit

    $1,500×20=$30,000\$1,500 \times 20 = \$30,000$1,500×20=$30,000

Table

Parameter

Value

Prop Firm

Take Profit Trader

Account Size

$75,000

Number of Accounts

5

Daily Profit Target per Account

$300

Trading Instrument

NQ (E-mini)

Contracts Traded per Account

1

Value per Point

$20

Points Needed per Day per Account

15 points

Total Daily Profit

$1,500

Total Monthly Profit

$30,000

Example 4: TickTickTrader

Scenario

  • Prop Firm: TickTickTrader

  • Account Size: $250,000 (Zenith Direct Account)

  • Number of Accounts: 5

  • Daily Profit Target per Account: $500

  • Trading Instrument: Nasdaq 100 Micro E-mini Futures (MNQ)

  • Value per Point: $2 (for MNQ Micro E-mini)

  • Contracts Traded per Account: 50

  • Contract Type: Micro E-mini

Calculations

  1. Points Needed per Day per Account

    Points Needed=$500$100=5 points\text{Points Needed} = \frac{\$500}{\$100} = 5 \text{ points}Points Needed=$100$500​=5 points

  2. Total Daily Profit

    $500×5=$2,500\$500 \times 5 = \$2,500$500×5=$2,500

  3. Total Monthly Profit

    $2,500×20=$50,000\$2,500 \times 20 = \$50,000$2,500×20=$50,000

Table

Parameter

Value

Prop Firm

TickTickTrader

Account Size

$250,000

Number of Accounts

5

Daily Profit Target per Account

$500

Trading Instrument

MNQ (Micro E-mini)

Contracts Traded per Account

50

Value per Point (Total)

$2 x 50 = $100

Points Needed per Day per Account

5 points

Total Daily Profit

$2,500

Total Monthly Profit

$50,000

Example 5: Belunox

Scenario

  • Prop Firm: Belunox

  • Account Size: $25,000

  • Number of Accounts: 10

  • Daily Profit Target per Account: $150

  • Trading Instrument: Nasdaq 100 Micro E-mini Futures (MNQ)

  • Value per Point: $2 (for MNQ Micro E-mini)

  • Contracts Traded per Account: 5

  • Contract Type: Micro E-mini

Calculations

  1. Total Value per Point

    $2×5=$10\$2 \times 5 = \$10$2×5=$10

  2. Points Needed per Day per Account

    Points Needed=$150$10=15 points\text{Points Needed} = \frac{\$150}{\$10} = 15 \text{ points}Points Needed=$10$150​=15 points

  3. Total Daily Profit

    $150×10=$1,500\$150 \times 10 = \$1,500$150×10=$1,500

  4. Total Monthly Profit

    $1,500×20=$30,000\$1,500 \times 20 = \$30,000$1,500×20=$30,000

Table

Parameter

Value

Prop Firm

Belunox

Account Size

$25,000

Number of Accounts

10

Daily Profit Target per Account

$150

Trading Instrument

MNQ (Micro E-mini)

Contracts Traded per Account

5

Value per Point (Total)

$2 x 5 = $10

Points Needed per Day per Account

15 points

Total Daily Profit

$1,500

Total Monthly Profit

$30,000

Summary Table

Below is a consolidated table summarizing the examples above:

Prop Firm

Account Size

Number of Accounts

Daily Profit Target per Account

Contracts Traded per Account

Contract Type

Total Daily Profit

Total Monthly Profit

Apex Trader Funding

$50,000

20

$250

1

NQ (E-mini)

$5,000

$100,000

MyFundedFutures.com

$100,000

10

$500

25

MNQ (Micro E-mini)

$5,000

$100,000

Take Profit Trader

$75,000

5

$300

1

NQ (E-mini)

$1,500

$30,000

TickTickTrader

$250,000

5

$500

50

MNQ (Micro E-mini)

$2,500

$50,000

Belunox

$25,000

10

$150

5

MNQ (Micro E-mini)

$1,500

$30,000

Notes and Considerations

  • Contract Selection: Choose between E-mini (NQ) and Micro E-mini (MNQ) contracts based on account size, risk tolerance, and prop firm rules.

    • E-mini Contracts (NQ): Larger contract size, higher value per point ($20 per point), suitable for larger accounts.

    • Micro E-mini Contracts (MNQ): Smaller contract size, lower value per point ($2 per point), allowing for finer position sizing and lower risk per trade.

  • Adjusting Contracts Traded: The number of contracts can be adjusted to match the daily profit target while staying within the prop firm's maximum contract limits.

  • Prop Firm Rules: Always ensure compliance with each firm's specific trading rules, including maximum drawdowns, daily loss limits, and prohibited trading times.

  • Risk Management: Proper risk management is crucial. Even with small daily targets, unexpected market movements can occur.

  • Automation Tools: Utilizing automated trading systems can help manage multiple accounts efficiently and consistently execute the strategy.

  • Market Conditions: Be aware that market volatility can affect the number of points needed to reach profit targets.

Conclusion

By including the number of contracts and specifying whether they are Micro E-mini (MNQ) or E-mini (NQ), the Sigma Base Hits Strategy can be effectively tailored to different prop firms and account sizes. Focusing on small, consistent daily profits across multiple accounts can potentially lead to significant monthly income.

Key Takeaways:

  • Customize Your Strategy: Adjust the number of contracts and contract types to suit your trading goals and the prop firm's rules.

  • Leverage Multiple Accounts: Managing multiple accounts amplifies the impact of small daily profits.

  • Stay Disciplined: Consistency and adherence to your daily profit targets are essential for success.

Next Steps:

  1. Select a Prop Firm and Account Size: Choose the firm and account size that align with your trading goals.

  2. Decide on Contract Type and Quantity: Determine whether to trade E-mini or Micro E-mini contracts and how many per account.

  3. Set Your Daily Profit Target: Decide on a realistic daily profit target per account.

  4. Plan Your Trades: Calculate the points needed per day based on your chosen contracts.

  5. Implement Automation: Use trading platforms and tools to manage trades across multiple accounts efficiently.

  6. Monitor Performance: Regularly review your results and adjust as necessary to stay on track.

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