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AI Analyst
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What one tick and one point are worth on the futures contracts prop traders use most.
Risk calculator
1 tick = 0.25 = US$0.50 · 4 ticks = US$2.00 a point
points
Outcome
2 MNQ contracts
Risks US$100.00 of the US$100.00 you planned (1% of the account)
Stop
25 points · 100 ticks
Tick value, 1 contract
US$0.50
Tick value at this size
US$1.00
Risk per contract
US$50.00
Exact size
2 contracts
Sizes are rounded down, so a full stop-out never loses more than you planned. Slippage on the stop can still add to it. Contract specs are CME's; check your broker or prop firm's platform.
Every futures contract has a minimum price move (the tick) and a fixed dollar value per tick. Multiply the ticks your stop covers by the tick value and the number of contracts and you have your risk in dollars. Micro contracts are a tenth of the size of the full ones.
These are CME's specifications. Check them on cmegroup.com or with your broker before trading; they can change.
How to spot it
ES (E-mini S&P 500): tick 0.25 = $12.50, so $50 a point. MES (Micro): $1.25 a tick, $5 a point.
NQ (E-mini Nasdaq-100): tick 0.25 = $5.00, so $20 a point. MNQ (Micro): $0.50 a tick, $2 a point.
YM (E-mini Dow): tick 1 point = $5. RTY (E-mini Russell 2000): tick 0.10 = $5.00, so $50 a point.
