Skip to content
LiquidityLevels
Log in Start free
Free tool

NQ and MNQ risk calculator: contracts within your dollar risk

Nasdaq-100 futures move fast. Enter your maximum dollar risk, entry and stop to see the risk per NQ or MNQ contract and how many whole contracts fit inside your limit.

How to use it

  1. Enter your maximum dollar risk for the trade.
  2. Enter entry and stop prices.
  3. Pick NQ ($20 per point) or MNQ ($2 per point).
  4. Read the risk per contract and the contracts within your limit.
Contracts = floor( max risk ÷ ( |entry − stop| × $ per point ) )
Example. Max risk $1,000, entry 19,650, stop 19,600 (50 points). One NQ risks 50 × $20 = $1,000 → 1 NQ contract. One MNQ risks 50 × $2 = $100 → 10 MNQ contracts.

About this calculator

NQ is the E-mini Nasdaq-100 future ($20 per index point, $5 per 0.25 tick). MNQ is the Micro E-mini ($2 per point, $0.50 per tick), one tenth the size. Because NQ points are worth more and the index is more volatile than the S&P 500, the same stop distance in points carries more dollar risk than on ES. This is sizing arithmetic only, excluding fees and slippage.

Frequently asked questions

How much is one NQ point worth?
One NQ point is $20 and one 0.25 tick is $5. For MNQ it is $2 per point and $0.50 per tick.
How many MNQ contracts equal one NQ?
Ten. MNQ is one tenth the size of NQ.
Is NQ riskier than ES?
Per point, NQ is worth less than ES ($20 versus $50) but the Nasdaq-100 usually moves more points and a higher percentage, so check the dollar risk of your actual stop distance.

Trading NQ or MNQ today?

See NQ overnight levels: structure, key levels and catalysts in futures and SPY/QQQ terms, before the 9:30 ET open.

See NQ overnight levelsStart free trial

More free tools

ES / MES Risk CalculatorTick & Point Value CalculatorRisk / Reward CalculatorAll tools

Related market pages

NQ overnight levelsToday’s levelMarket Structure Academy

Keep reading

NQ vs QQQ
Embed this calculator on your site (free, with attribution)

Paste this snippet. The calculator includes a small LiquidityLevels attribution link.

Informational calculator for reference only. Outputs are arithmetic, not quotes, recommendations or trade signals. LiquidityLevels provides educational market commentary, not financial advice.