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Account Size for trading micro NQ (MNQ) strategy
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Account Size for trading micro NQ (MNQ) strategy

  #1 (permalink)
Jersey City, NJ
 
 
Posts: 7 since Mar 2019
Thanks: 4 given, 0 received

Account Size for trading micro NQ (MNQ) strategy

Micro NQ account size question --

I have developed a mechanical / fully automated futures trading strategy that I'm looking to take live in the coming months. It's designed for various futures, and I'm looking to start with testing it out on MNQ trading ONE contract.

The strategy stop loss is set at $50, backtesting shows max 7 consecutive losses. The max intraday drawdown per backtest is $3500, trade close to trade close $500. The strategy holds contracts overnight.

I'm calculating account size like this (again, trading one (1) contract):
Price of instrument: $8100
Margin: $760
Buffer for drawdowns: roughly 2x max intraday drawdown: $7000

Based on this I'm thinking a $15k account would be reasonable.

Is this the right way to think about this?

Thanks for your thoughts!

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  #2 (permalink)
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  #3 (permalink)
Syracuse, NY
 
Trading Experience: Intermediate
Platform: Ninja Trader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: NQ
 
Posts: 34 since Jan 2011
Thanks: 8 given, 29 received

Account Size for trading micro NQ (MNQ) strategy


your numbers appear to be off.....a single mnq contract pays .50 a tick...if you had a loss of 50 7 times you are at 350 not 3500.....

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  #4 (permalink)
Jersey City, NJ
 
 
Posts: 7 since Mar 2019
Thanks: 4 given, 0 received

The drawdown was actually due to forgone profit on a trade that has a high open equity and closed out 3500 less profitable. The downside risk from recurring stopped out trades is still 7x50, $350.

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