The movement of the Micro E-mini is the same as the E-mini. The difference is the tick value. The Micro is 1/10th the tick size of the regular E-mini. That means the Micro is $2.50 per tick rather than $12.50 per tick. What does that mean for your trading? Less of a financial impact in terms of both profit and loss, per trade. Less impact can be a good thing, especially if you are just starting out and in need of some practice using a funded account.
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Because the movement of the Micros match their larger relatives, that means our trading systems will work the same. If you are scalping, remember that you may be going for smaller moves, so keep that in mind when trading something lower tick value. Consider any broker fees that are applied to the Micros and see if it makes financial sense to scalp or trade the way you intend to trade. When each tick is important for your bottom line, you may find benefit using an MIT or Limit Order as compared to other order types.
How do you access the Micros? NinjaTrader has a menu where you can select the instrument (market) you desire, right? Look for the Micros section in that menu. From there, you will see the MES (Micro E-mini). Generally, the letter M is placed before the regular instrument name to denote the Micro aspect. The E-mini Russell 2000 presents an exception to this, as the abbreviation is RTY yet its Micro variation is M2K, maintaining no symbolic resemblance.
Here are some examples:
- Micro E-mini S&P 500 Futures = MES
- Micro E-mini Nasdaq-100 Futures = MNQ
- Micro E-mini Russell 2000 Futures = M2K
- Micro E-mini Dow Futures = MYM
- E-micro EUR/USD Futures = M6E
In this video, you’ll see a real-time Trade Scalper trade. John Paul mentions how sell-offs tend to occur more rapidly than rising motions. That means a short move may reach its anticipated destination sooner than a long signal. Some traders prefer taking only short trades no matter what. This makes sense to a degree because the longer a position is open, the greater the risk potential.
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