Each model has its own limitations to the maximum number of open contracts. If you already know about contracts, this article will help you understand how to calculate a profit per tick.
E8 Zero Futures Simfi Challenge
Account Balance | Maximum Contract Size |
$200,000 | 10 Contracts ($100,000 margin) |
$100,000 | 8 Contracts ($80,000 margin) |
$50,000 | 4 contracts ($40,000 margin) |
E8 Zero Futures Simfi Performance
Account Balance | Starting Maximum Contract | Scaling trigger 1 (1.5% reached in profit) | Scaling trigger 2 (3% reached in profit) |
$200,000 | 4 Contracts ($40,000 margin) | 7 ($70,000 margin) | 10 ($100,000 margin) |
$100,000 | 3 Contracts ($30,000 margin) | 5 ($50,000 margin) | 8 ($80,000 margin) |
$50,000 | 2 contracts ($20,000 margin) | 3 ($30,000 margin) | 5 ($50,000 margin) |
Max contract size in the E8 Zero Performance stage is scalable — you start with smaller contract sizes and increase them based on locked profit at the end of the day. Secure 1.5% profit, and you unlock Scaling Trigger 1 the next day. Secure 3%, and you unlock Scaling Trigger 2. The account scales automatically at the start of each new trading day. In E8 Zero challange, the contract sizes remain the same based on the numbers in the table above.
E8 Signature
Account Balance | Maximum Contract Size |
$150,000 | 12 Contracts ($120,000 margin) |
$100,000 | 8 Contracts ($80,000 margin) |
$50,000 | 4 Contracts ($40,000 margin) |
$25,000 | 2 contracts ($20,000 margin) |
Key Points to understand for calculations
Each instrument might have a different Margin per 1 contract. Each Account balance has different allowed contracts (margin). Based on this, the maximum available position you can open will differ.
The basic calculation is as follows: Allowed margin / Margin per contract = size of the position
Example of how much you can open:
Example1: If the account has a 12 Contracts allowance, the allowed margin is $120,000
If the Margin per 1 contract is $10,000, the size you can open is 12 (For example E-mini S&P 500)
If the Margin per 1 contract is $1,000, the size you can open is 120 ( For example Micro E-mini S&P)
If the Margin per 1 contract is $2,000, the size you can open is 60 ( For example Silver)
Example2: If the account has a 8 Contracts allowance, the allowed margin is $80,000
If the Margin per 1 contract is $10,000, the size you can open is 8 (For example Euro FX)
If the Margin per 1 contract is $1,000, the size you can open is 80 (For example Micro Crude Oil)
If the Margin per 1 contract is $2,000, the size you can open is 40 ( For example Silver)
Required Margin per 1 contract for each instrument
CME Equity Futures
Symbol Name | Product | Margin per 1 contract |
/ES | E-mini S&P 500 | $10,000 |
/MES | Micro E-mini S&P | $1,000 |
/NKD | Nikkei | $10,000 |
/NQ | E-mini NASDAQ 100 | $10,000 |
/MNQ | Micro E-mini NASDAQ 100 | $1,000 |
/RTY | E-mini Russell 2000 | $10,000 |
/M2K | Micro E-mini Russell 2000 | $1,000 |
/MBT | Micro E-mini Bitcoin | $1,000 |
/MET | Micro E-mini Ether | $1,000 |
CME Foreign Exchange Futures
Symbol Name | Product | Margin per 1 contract |
/6A | Australian $ | $10.000 |
/M6A | Micro AUD/USD | $1,000 |
/6B | British Pound | $10.000 |
/M6B | Micro British Pound | $1,000 |
/6C | Canadian $ | $10.000 |
/6E | Euro FX | $10.000 |
/M6E | Micro Euro | $1,000 |
/6J | Japanese Yen | $10.000 |
/6S | Swiss Franc | $10.000 |
/6M | Mexican Peso | $10.000 |
/6N | New Zealand $ | $10.000 |
CME Agricultural Futures
Symbol Name | Product | Margin per 1 contract |
/LE | Live Cattle | $10,000 |
/HE | Lean Hogs | $10,000 |
/GF | Feeder Cattle | $10,000 |
NYMEX Futures
Symbol Name | Product | Margin per 1 contract |
/CL | Crude Oil | $10,000 |
/MCL | Micro Crude Oil | $1,000 |
/QM | E-mini Crude Oil | $10,000 |
/NG | Natural Gas | $10,000 |
/QG | E-mini Natural Gas | $10,000 |
/MNG | Micro Natural Gas | $1,000 |
/RB | RBOB Gasoline | $10,000 |
/HO | Heating Oil | $10,000 |
CBOT Commodity Futures
Symbol Name | Product | Margin per 1 contract |
/ZC | Corn | $10,000 |
/ZW | Wheat | $10,000 |
/ZS | Soybeans | $10,000 |
/ZM | Soybean Meal | $10,000 |
/ZL | Soybean Oil | $10,000 |
CBOT Equity Futures
Symbol Name | Product | Margin per 1 contract |
/YM | Mini-DOW | $10,000 |
/MYM | Micro Mini-DOW | $1,000 |
CBOT Financial/Interest Rate Futures
Symbol Name | Product | Margin per 1 contract |
/ZT | 2-Year Note | $10,000 |
/ZF | 5-Year Note | $10,000 |
/ZN | 10-Year Note | $10,000 |
/ZB | 30-Year Bond | $10,000 |
/UB | Ultra-Bond | $10,000 |
/TN | Ultra-Note | $10,000 |
/ZQ | 30 Day Fed | $10,000 |
COMEX Futures
Symbol Name | Product | Margin per 1 contract |
/GC | Gold | $10,000 |
/MGC | Micro Gold | $1,000 |
/SI | Silver | $2,000 |
/ | Micro Silver | $1,000 |
/HG | Copper | $10,000 |
/MHG | Micro Copper | $10,000 |
/PL | Platinum | $10,000 |