Last updated: September 30, 2026
MNQ is the Micro E-mini Nasdaq-100 future: the same index as NQ at one tenth the size, $2 per point and $0.50 per tick. TestMax Pro ($14.99/mo) replays real historical MNQ sessions with simulated orders, multi-chart layouts, Challenge Mode and full analytics.
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TestMax uses the CME Micro E-mini Nasdaq-100 contract values for P&L and position sizing.
| Tick Size | 0.25 |
|---|---|
| Multiplier | $2 |
| Tick Value | $0.50 |
MNQ moved an average of 519.72 points per session from Jul 1, 2026 – Sep 30, 2026, about 2,079 ticks or $1,039 per contract. The busiest hour was 08:00–09:00 Chicago time.
| Average daily range | 519.72 points |
|---|---|
| Per contract | 2,079 ticks · $1,039 |
| Largest session | 1,205.25 points on Jul 30, 2026 |
| Busiest hours (Chicago time) | 08:00–09:00, 09:00–10:00, 10:00–11:00 |
| Sessions counted | 58 |
| Weekday | Average range (points) |
|---|---|
| Mon | 457.16 |
| Tue | 577.64 |
| Wed | 495.02 |
| Thu | 634.27 |
| Fri | 434.13 |
Source: TestMax replay data, Jul 1, 2026 – Sep 30, 2026 (58 full sessions, each starting at 17:00 Chicago time). Computed Oct 2, 2026. Past ranges do not predict future ranges.
MNQ is the contract many Nasdaq traders use to practice sizing and rules with smaller dollar swings.
MNQ tracks the Nasdaq-100 at the same price as NQ, but each point is worth $2 instead of $20. Your NQ levels and setups carry over, while every simulated loss and gain is ten times smaller in dollars.
With $0.50 per tick, MNQ lets you practice scaling in, scaling out and partial closes with several contracts, so you can rehearse a sizing plan before you trade it anywhere else.
Challenge Mode on Pro runs an MNQ replay under evaluation-style rules: profit target, trailing or daily drawdown, daily loss limit and consistency. Every balance is simulated, and you can repeat a rule set as often as you like.
Replay real historical MNQ sessions from 1x to 50x, place simulated orders as the candles form, and review the result in the trade journal and analytics dashboard.
Replay MNQ in your browser. Nothing to install.
Sign up with your email or Google account. No credit card is needed to start on the free plan.
MNQ is a Pro instrument. Pro also unlocks full available history, multi-chart layouts and Challenge Mode.
Open Session Setup and choose MNQ (Micro E-mini Nasdaq-100). TestMax applies the contract values: 0.25 tick size, $2 per point and $0.50 per tick.
Pick a date in the available history and a chart timeframe from the picker. For intraday practice, start with 1-minute or 5-minute charts around the US cash open.
Press play, place simulated orders as candles form, then review win rate, profit factor, drawdown and the equity curve. Tag your setups in the trade journal.
MNQ is the Micro E-mini Nasdaq-100 futures contract on CME. It tracks the Nasdaq-100 index at the same price as the E-mini NQ contract, but it is one tenth the size: $2 per index point instead of $20.
One MNQ index point is worth $2. The minimum tick is 0.25 points, worth $0.50. A 10-point move is $20 per contract, and a 100-point move is $200 per contract.
Both track the Nasdaq-100 and trade at the same price. NQ is worth $20 per point ($5 per tick); MNQ is worth $2 per point ($0.50 per tick). Ten MNQ contracts equal one NQ in dollar terms.
No. MNQ requires TestMax Pro ($14.99/mo). The plan badge on this page shows the current access. NQ, the full-size contract, is on the free plan with the latest two months of data.
Yes. Challenge Mode on Pro replays MNQ under evaluation-style rules: profit target, trailing drawdown (end of day or intraday), static drawdown, daily loss limit and consistency. All balances are simulated.
MNQ trades on CME Globex nearly 23 hours a day, Sunday 5 PM to Friday 4 PM Chicago time, like NQ. Range is usually largest around the US cash open; the market facts on this page show the busiest hours in recent sessions.
The full-size Nasdaq-100 E-mini, on the free plan with the latest two months of data.
Every supported futures contract with its tick size, tick value and plan.
See what Pro ($14.99/mo) adds: MNQ, MES and GC, full available history, multi-chart and Challenge Mode.
Start free on NQ and other Free-enabled instruments, then upgrade to Pro for MNQ, full history and Challenge Mode.
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