Tick value equals tick size multiplied by the contract multiplier. NQ moves in 0.25-point ticks worth $5; MNQ uses the same 0.25-point tick but each tick is $0.50.
| Formula | Tick size × multiplier |
|---|---|
| NQ | 0.25 × $20 = $5 |
| MES | 0.25 × $5 = $1.25 |
How it works
Count the ticks between entry and exit, then multiply by tick value and quantity.
- Define the contract and expiration month
- Convert the price move into points and ticks
- Multiply by the contract's verified point or tick value
- Account for fees, liquidity, and risk limits
Worked example
Ticks are product-specific. A two-contract position moving 10 ticks changes by 20 total contract-ticks. The dollar result equals those contract-ticks multiplied by the product's tick value.
Risk and common mistakes
A visually small move may be a large dollar move in a high-value contract.
- Confusing margin with maximum possible loss
- Using the wrong micro or E-mini multiplier
- Ignoring expiration, maintenance breaks, or economic events
- Sizing from desired profit instead of predefined risk
Use the related calculator
Model the contract values and risk with your own inputs before planning a simulated trade.
Open calculator →Frequently asked questions
What is the most important point about futures tick value explained?+
Tick value equals tick size multiplied by the contract multiplier. NQ moves in 0.25-point ticks worth $5; MNQ uses the same 0.25-point tick but each tick is $0.50.
Is this information personalized financial advice?+
No. ORIVECT Education provides general educational information. Contract selection, leverage, and risk decisions require your own judgment and current official documentation.
Where can I verify the current contract specification?+
Use the official exchange source linked from the relevant ORIVECT market reference page. Trading hours, margin, and holiday schedules can change.