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

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.

Example 1: Apex Trader Funding

Scenario

• Prop Firm: Apex Trader Funding

• Account Size: $50,000

• Number of Accounts: 20

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

Table

Example 2: MyFundedFutures.com

Scenario

• Prop Firm: MyFundedFutures.com

• Account Size: $100,000

• Number of Accounts: 10

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

Table

Example 3: Take Profit Trader

Scenario

• Prop Firm: Take Profit Trader

• Account Size: $75,000

• Number of Accounts: 5

Calculations

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

Table

Example 4: TickTickTrader

Scenario

• Prop Firm: TickTickTrader

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

• Number of Accounts: 5

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

Table

Example 5: Belunox

Scenario

• Prop Firm: Belunox

• Account Size: $25,000

• Number of Accounts: 10

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

Table

Summary Table

Below is a consolidated table summarizing the examples above:

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.

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.