Futures tick value, P&L and position size calculator
Trading MNQ with , a move of points is worth
- Tick size
- 0.25index points
- Tick value
- $0.50per contract
- Point value
- $24 ticks a point
- The same in NQ
- 0.410 MNQ = 1 NQ
What every move is worth on MNQ
Every cell is a move times a size, in dollars. Pick a cell, or type your own move or size into the last row and column.
| Move \ contracts | 1 contract | 2 | 4 | 5 | 10 | 20 | |
|---|---|---|---|---|---|---|---|
| 1 tick0.25 points | |||||||
| 1 point4 ticks | |||||||
| 5 points20 ticks | |||||||
| 10 points40 ticks | |||||||
| 25 points100 ticks | |||||||
| 50 points200 ticks | |||||||
| 100 points400 ticks | |||||||
| in points |
Gross, before commissions and fees. The ringed cell is 25 points on 4 contracts: $200.
How many contracts
Risking with a -point stop on MNQ, trade . One full stop costs $400; a ninth contract would make it $450.
Against a 50K prop account
Eight MNQ is 0.8 NQ, inside every 50K plan's limit. One full stop uses 20% of the $2,000 drawdown, and 40% of Apex's $1,000 daily loss limit.
Apex EOD 50KContract limit6 minis · 60 micros8 MNQ uses13%One stop is 40% of the daily limit
Topstep 50K CombineContract limit5 minis · 50 micros8 MNQ uses16%One stop is 20% of the drawdown
My Funded Futures Rapid 50KContract limit5 minis · 50 micros8 MNQ uses16%One stop is 20% of the drawdown
TradeDay Fast Pass 50KContract limit5 minis · 50 micros8 MNQ uses16%One stop is 20% of the drawdown
Tradeify Select Flex 50KContract limit4 minis · 40 micros8 MNQ uses20%One stop is 20% of the drawdown
Take Profit Trader 50K TestContract limit6 minis · 60 micros8 MNQ uses13%One stop is 20% of the drawdown
Each plan’s evaluation limits, from AlgoLift’s prop firm rules, checked against the firms’ own pages, most recently on 21 October 2026. Micros count at the firms' rate of 10 to a mini. Amber marks a stop that uses 40% or more of a limit. Which contracts a firm allows is on its page; how its floor follows your days is in the trailing drawdown calculator. Gross, before commissions and fees; not financial advice.
Every contract’s tick value
The 29 futures contracts in AlgoLift’s backtester, minis beside their micros. A tick is the smallest price step; the point value is what one whole point is worth on one contract. ES and NQ can be backtested today.
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| ESE-mini S&P 500 | E-mini S&P 500 | 0.25 | $12.50 | $50 |
| MESMicro E-mini S&P 500 | Micro E-mini S&P 500 | 0.25 | $1.25 | $5 |
| NQE-mini Nasdaq 100 | E-mini Nasdaq 100 | 0.25 | $5.00 | $20 |
| MNQMicro E-mini Nasdaq 100 | Micro E-mini Nasdaq 100 | 0.25 | $0.50 | $2 |
| RTYE-mini Russell 2000 | E-mini Russell 2000 | 0.10 | $5.00 | $50 |
| M2KMicro E-mini Russell 2000 | Micro E-mini Russell 2000 | 0.10 | $0.50 | $5 |
| YME-mini Dow | E-mini Dow | 1 | $5.00 | $5 |
| MYMMicro E-mini Dow | Micro E-mini Dow | 1 | $0.50 | $0.50 |
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| CLCrude Oil | Crude Oil | 0.01 | $10.00 | $1,000 |
| MCLMicro Crude Oil | Micro Crude Oil | 0.01 | $1.00 | $100 |
| NGNatural Gas | Natural Gas | 0.001 | $10.00 | $10,000 |
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| GCGold | Gold | 0.10 | $10.00 | $100 |
| MGCMicro Gold | Micro Gold | 0.10 | $1.00 | $10 |
| SISilver | Silver | 0.005 | $25.00 | $5,000 |
| SILMicro Silver | Micro Silver | 0.01 | $10.00 | $1,000 |
| HGCopper | Copper | 0.0005 | $12.50 | $25,000 |
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| ZB30-Year T-Bond | 30-Year T-Bond | 1/32 | $31.25 | $1,000 |
| ZN10-Year T-Note | 10-Year T-Note | 1/64 | $15.625 | $1,000 |
| ZF5-Year T-Note | 5-Year T-Note | 1/128 | $7.8125 | $1,000 |
| ZT2-Year T-Note | 2-Year T-Note | 1/256 | $7.8125 | $2,000 |
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| 6EEuro FX futures | Euro FX futures | 0.00005 | $6.25 | $125,000 |
| 6BBritish Pound futures | British Pound futures | 0.0001 | $6.25 | $62,500 |
| 6JJapanese Yen futures | Japanese Yen futures | 0.0000005 | $6.25 | $12,500,000 |
| 6AAustralian Dollar futures | Australian Dollar futures | 0.00005 | $5.00 | $100,000 |
| 6CCanadian Dollar futures | Canadian Dollar futures | 0.00005 | $5.00 | $100,000 |
| Contract | Name | Tick size | Tick value | Point value |
|---|---|---|---|---|
| BTCBitcoin futures | Bitcoin futures | 5 | $25.00 | $5 |
| MBTMicro Bitcoin futures | Micro Bitcoin futures | 5 | $0.50 | $0.10 |
| ETHEther futures | Ether futures | 0.50 | $25.00 | $50 |
| METMicro Ether futures | Micro Ether futures | 0.50 | $0.05 | $0.10 |
Columns: tick size, tick value, point value, per contract, in US dollars. Rate futures tick in fractions of a point; currency futures quote in the currency’s own price.
Questions
What is the MNQ tick value?
MNQ, the Micro E-mini Nasdaq 100, moves in ticks of 0.25 index points worth $0.50 each, so one point is $2 a contract. Ten MNQ equal one NQ.
What is the NQ tick value?
NQ, the E-mini Nasdaq 100, moves in ticks of 0.25 index points worth $5.00 each, so one point is $20 a contract. One NQ equals ten MNQ.
What is the MES tick value?
MES, the Micro E-mini S&P 500, moves in ticks of 0.25 index points worth $1.25 each, so one point is $5 a contract. Ten MES equal one ES.
What is the ES tick value?
ES, the E-mini S&P 500, moves in ticks of 0.25 index points worth $12.50 each, so one point is $50 a contract. One ES equals ten MES.
What is the CL tick value?
CL, Crude Oil futures, moves in ticks of 0.01 in price worth $10.00 each, so one point is $1,000 a contract. One CL equals ten MCL.
What is the GC tick value?
GC, Gold futures, moves in ticks of 0.10 in price worth $10.00 each, so one point is $100 a contract. One GC equals ten MGC.
How do I calculate profit on a futures trade?
Multiply the move in ticks by the tick value and by the number of contracts. On MNQ, 25 points is 100 ticks, and 100 ticks × $0.50 × 4 contracts is $200. That is gross, before commissions and fees.
How do I size a futures position?
Divide what you will risk on the trade by the stop in dollars for one contract, and round down. A 25-point stop on MNQ is $50 a contract, so $400 of risk is 8 contracts; a ninth contract would make it $450.
How do I size a position for a prop account?
Size it as usual, then check two things: the plan's contract limit, counted in micros when you trade micros, and how much of the drawdown and the daily loss limit one full stop uses. On Apex EOD 50K, 8 MNQ is 13% of the 60-micro limit, and one stop is 40% of the $1,000 daily loss limit.
What is the difference between a tick and a point?
A tick is the smallest step a contract's price can move; a point is a move of 1.00 in price. ES moves in ticks of 0.25, so a point is four ticks: $12.50 a tick and $50 a point on one contract.