Calculator
Futures tick value calculator
What one tick is worth on the contracts traded on NinjaTrader, and what a move of any size is worth in dollars.
- Per contract
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- In points
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- One tick
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- One point
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- Tick size
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Tick size, tick value, point value
Tick size is the smallest price increment the exchange allows. Tick value is what that increment is worth on one contract. Point value follows from the two, which is why it is never typed separately anywhere in this site: a table stating the same fact twice is a table that will eventually contradict itself.
NQ moves in quarter-points worth five dollars, so a full point is twenty. ES moves in quarter-points worth twelve fifty, so a point is fifty. That difference is why a ten-point move means something very different depending on which one you are in.
| Contract | Tick size | Tick value | Point value |
|---|---|---|---|
| Loading contract specifications. | |||
Why the micros are exactly a tenth
Every micro here is a tenth of its full-size sibling: identical tick size, a tenth of the money. MNQ moves fifty cents a tick where NQ moves five dollars. Below roughly twenty thousand dollars of account, the micro is usually the only contract that lets a sensible stop coexist with a sensible risk per trade. The position size calculator makes that arithmetic explicit.
Your own numbers beat any calculator. Drop a NinjaTrader export on the Trade Lab and it works these figures out from the trades you actually took. It reads the file in your browser and nothing uploads.