Last updated: September 30, 2026
MES is the Micro E-mini S&P 500 future: the same index as ES at one tenth the size, $5 per point and $1.25 per tick. TestMax Pro ($14.99/mo) replays real historical MES sessions with simulated orders, multi-chart layouts, Challenge Mode and full analytics.
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TestMax uses the CME Micro E-mini S&P 500 contract values for P&L and position sizing.
| Tick Size | 0.25 |
|---|---|
| Multiplier | $5 |
| Tick Value | $1.25 |
MES moved an average of 75.96 points per session from Jul 1, 2026 – Sep 30, 2026, about 304 ticks or $380 per contract. The busiest hour was 09:00–10:00 Chicago time.
| Average daily range | 75.96 points |
|---|---|
| Per contract | 304 ticks · $380 |
| Largest session | 177.75 points on Jul 29, 2026 |
| Busiest hours (Chicago time) | 09:00–10:00, 08:00–09:00, 10:00–11:00 |
| Sessions counted | 58 |
| Weekday | Average range (points) |
|---|---|
| Mon | 62.66 |
| Tue | 75.3 |
| Wed | 78.77 |
| Thu | 94.48 |
| Fri | 67.42 |
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.
MES is the contract many S&P 500 traders use to practice sizing and rules with smaller dollar swings.
MES tracks the S&P 500 at the same price as ES, but each point is worth $5 instead of $50. Your ES levels and setups carry over, while every simulated loss and gain is ten times smaller in dollars.
With $1.25 per tick, MES 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 MES 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 MES sessions from 1x to 50x, place simulated orders as the candles form, and review the result in the trade journal and analytics dashboard.
Replay MES 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.
MES is a Pro instrument. Pro also unlocks full available history, multi-chart layouts and Challenge Mode.
Open Session Setup and choose MES (Micro E-mini S&P 500). TestMax applies the contract values: 0.25 tick size, $5 per point and $1.25 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.
MES is the Micro E-mini S&P 500 futures contract on CME. It tracks the S&P 500 index at the same price as the E-mini ES contract, but it is one tenth the size: $5 per index point instead of $50.
One MES index point is worth $5. The minimum tick is 0.25 points, worth $1.25. A 10-point move is $50 per contract, and a 50-point move is $250 per contract.
Both track the S&P 500 and trade at the same price. ES is worth $50 per point ($12.50 per tick); MES is worth $5 per point ($1.25 per tick). Ten MES contracts equal one ES in dollar terms.
No. MES requires TestMax Pro ($14.99/mo). The plan badge on this page shows the current access. ES, the full-size contract, is on the free plan with the latest two months of data.
Yes. Challenge Mode on Pro replays MES under evaluation-style rules: profit target, trailing drawdown (end of day or intraday), static drawdown, daily loss limit and consistency. All balances are simulated.
MES trades on CME Globex nearly 23 hours a day, Sunday 5 PM to Friday 4 PM Chicago time, like ES. Range is usually largest around the US cash open; the market facts on this page show the busiest hours in recent sessions.
Start free on ES and other Free-enabled instruments, then upgrade to Pro for MES, full history and Challenge Mode.
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