Sigma

The Sigma code and programme is less aggressive than the Alpha programme. It takes fewer trades, the length of time per trade is comparatively shorter, the risk is less, and the programme concentrates specifically and exclusively on FX currency pairs. 

The Sigma programme has pre-determined target levels which are recalculated at the beginning of each trading day when the Sydney market opens. 

The programme will only activate when certain levels are breached. Each trade will open and close when these levels are triggered. The hard stop and risk limit placed on each trade in percentage terms is equal to the take profit limit order; if 0.05% is risked, the target is 0.05%. Once the pre-set daily profit is reached, the Sigma programme closes for the day. 

As with all the Qohort robots and programmes, there are automatic default parameters set for each trade. Clients in our Qohort are free to alter these parameters as they see fit; however, we recommended staying within the trading bandwidth outlined and proven by the robots. 

Typically, Sigma risks 0.05% account size on each trade with a suggested circuit breaker limited to 0.25%. As an example, with a €2,000 account, you’d be risking €1.00 per trade. With a target of circa 2.5% growth per week, you’d be aiming for €200 gains per month. 

The programme trades up to 20 currency pairs concurrently each day. There are times if the FX markets are not in chime with the programme when many orders placed into the market will not execute. 

The robots have been deliberately developed to avoid trading in what is termed “ranging markets”. If particular FX pairs are trading in tight ranges, the likelihood is that the trades will be limited during that trading day or specific session.