Tick value formula
Tick value = tick size × point value. MNQ moves in 0.25-point ticks and each point is worth $2, so one tick is $0.50. NQ uses the same tick with $20 per point: $5 per tick.
| Contract | Tick | Tick value | Point value |
|---|---|---|---|
| MNQ | 0.25 | $0.50 | $2 |
| NQ | 0.25 | $5.00 | $20 |
| MES | 0.25 | $1.25 | $5 |
| ES | 0.25 | $12.50 | $50 |
| YM | 1 | $5.00 | $5 |
| CL | 0.01 | $10.00 | $1,000 |
| GC | 0.1 | $10.00 | $100 |
Micro vs E-mini for prop firm accounts
Micro contracts are one tenth of the E-mini: they let you size precisely on smaller accounts and scale in steps. A 40-tick stop on 1 NQ risks $200; on MNQ the same stop costs $20 per contract.