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What is a Tick?

A tick is the minimum increment that an instrument can fluctuate. Whether the instrument price is moving up, or down, its tick value represents what each movement is worth in terms of dollars.

For example, the E-mini S&P 500 (ES) futures contract has a tick size of 0.25 with a tick value of $12.50. Thus, each time the instrument moves, it will do so in 0.25 increments, and each movement represents $12.50.

If you are long 1 E-mini S&P 500 contract at 2,165.00 and it moves two ticks to the upside, its new value would be 2,165.50 for a gain of $25.

Below you’ll find the tick values for a number of popular instruments:

  • E-mini S&P 500 (ES) – $12.50
  • Mini Dow (YM) – $5.00
  • Mini NASDAQ (NQ) – $5.00
  • Mini Russell 2000 (TF) – $10.00
  • Gold (GC) – $10.00
  • Silver (ZI) – $5.00
  • Crude Oil (CL) – $10.00
  • Natural Gas (NG) – $10.00
  • Wheat (ZW) – $12.50
  • Oats (ZO) – $12.50
  • Corn – $12.50
  • Soy Beans (ZS) – $12.50
  • Euro Currency (6E) – $6.25
  • Yen Currency (6J) – $6.25

NinjaTrader 8 Beta equips traders with the ability to quickly determine the tick size and value of any supported instrument. From within the Control Center left click on Tools > Instruments > double mouse click on your instrument of choice and an instrument dialog menu will appear containing a wealth of information! Additional information can be found in the Instruments portion of the NinjaTrader 8 Beta Help Guide.

Download NinjaTrader today to chart and monitor your favorite instruments using the FREE End-of-Day Data courtesy of Kinetick!