NQ, MNQ, ES and MES tick value and futures calculator

MNQ tick value: $0.50. MNQ point value: $2. A 10-point move: $20 per contract.

MNQ, the Micro E-mini Nasdaq-100, is one tenth of NQ. It moves in 0.25-point ticks worth $0.50, four ticks to a point, so one point is $2 per contract. A 25-point move on 3 MNQ is 25 x $2 x 3 = $150. Many newer and prop-firm traders start here because a normal 30 to 50-point NQ swing costs $60 to $100 per micro instead of $600 to $1,000.

NQ tick value: $5. NQ point value: $20. A 10-point move: $200 per contract.

NQ, the E-mini Nasdaq-100, moves in 0.25-point ticks worth $5, so one point is $20 per contract. A 15-point stop on 1 NQ risks $300 before costs; the same stop on 10 MNQ risks the same $300.

MES tick value: $1.25. MES point value: $5. A 10-point move: $50 per contract.

MES, the Micro E-mini S&P 500, is one tenth of ES: 0.25-point ticks worth $1.25, so one point is $5 per contract. A 6-point MES win on 2 contracts is 6 x $5 x 2 = $60.

ES tick value: $12.50. ES point value: $50. A 10-point move: $500 per contract.

ES, the E-mini S&P 500, moves in 0.25-point ticks worth $12.50, so one point is $50 per contract. ES moves fewer points than NQ in a day, so a 4-point ES stop ($200) is closer in risk to a 10-point NQ stop ($200) than the prices suggest.

A futures contract is exposure, not a purchase price. One NQ controls $20 times the Nasdaq-100 futures price: at 20,000 that is $400,000 of exposure, and one MNQ is $40,000. ES controls $50 times the S&P 500 futures price (about $300,000 at 6,000) and MES $5 times it.

To open the position you post margin, an amount your broker or prop firm sets and changes with volatility, so check theirs. What matters for each trade is the point value: every point NQ moves is $20 per contract, whatever the price.

Points are the exit minus the entry for a long, the entry minus the exit for a short. Dollars are points times the contract's point value times the number of contracts. Commission is per contract for the round turn (in and out), the way most futures brokers and prop firms quote it.

With a stop, the risk is the loss if the stop is hit, commissions included, and the R multiple is the net result divided by that risk. A trade that makes twice what it risked is a 2R trade.

Trading a prop-firm account? Turn your maximum drawdown into points with the box under the results, or track it day by day with the trailing drawdown calculator.