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525 a day does not help...that much is obvious.
7% per month simply means 700 pips unleveraged, 350 pips at 2:1 or 233 pips at 3:1
Depends on your trading ability, but I would suggest that 350 pips is achievable for some people, but not easy. Rather 233 pips at 3:1 leverage is probably about right.
Each trade should therefore be 4.5 contracts (100k per contract)
Stops should be considered as well. Every 10 pips you risk at 3:1 leverage is 0.3% If you want to risk less than 2% per trade, you will keep your stops less than 67 pips. This is also not easy, unless you are a scalper.
If you can make 350 pips a month, rather use 2:1 leverage and stops at max 100 pips (2%) This would make each trade 3 contracts (3 x 100k).
Hope this helps
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