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HG position size calculator
1 HG tick = 0.0005 points = $12.50. Type your stop and risk to see how many HG or MHG contracts to trade.
HG contract specs
| Contract | Copper (HG) |
|---|---|
| Tick size | 0.0005 points |
| Tick value | $12.50 per contract |
| 1 full point (1.00) | $25,000.00 |
| Micro version | MHG (1/10 the size, $1.25 per tick) |
Tick sizes and values follow the exchange contract specs. Check your broker before trading, since fees and margins vary.
HG and MHG stop size cheat sheet
Risk per contract for common stops, and the size closest to $250 of risk (standard contract preferred when it fits).
| Stop | 1 HG | 1 MHG | Size for ~$250 |
|---|---|---|---|
| 5 ticks (0.0025 pts) | $62.50 | $6.25 | 4 HG ($250.00) |
| 10 ticks (0.005 pts) | $125.00 | $12.50 | 2 HG ($250.00) |
| 20 ticks (0.01 pts) | $250.00 | $25.00 | 1 HG ($250.00) |
| 30 ticks (0.015 pts) | $375.00 | $37.50 | 7 MHG ($262.50) |
| 40 ticks (0.02 pts) | $500.00 | $50.00 | 5 MHG ($250.00) |
| 60 ticks (0.03 pts) | $750.00 | $75.00 | 3 MHG ($225.00) |
How to calculate HG position size
- Pick your stop: 20 ticks is 0.01 points.
- Risk per contract = ticks × tick value = 20 × $12.50 = $250.00.
- Contracts = your risk ÷ risk per contract, rounded to a whole number that stays inside your range.
Entering prices instead? The stop distance is entry minus stop, divided by the tick size (0.0005) to get ticks. See the full guide: how to calculate futures position size.
Questions
What is the tick value of HG?
One HG tick is 0.0005 points and is worth $12.50 per contract. A full 1.00-point move is worth $25,000.00.
How many HG contracts should I trade?
Divide the dollars you are willing to lose by the risk of one contract. With a 20-tick stop, one HG risks $250.00. For a $500 risk and a 40-tick stop, the calculator suggests 1 HG ($500.00).
What is the micro version of HG?
MHG (Micro Copper) is the micro contract. It is 1/10 the size of HG: 10 MHG move the same dollars as 1 HG. One MHG tick is worth $1.25.
Should I trade HG or MHG?
Use HG when its size lands inside your risk range, because one standard contract usually costs less in commissions than 10 micros. Use MHG when a single HG would risk more than your maximum, or when you need finer steps. The calculator marks the best fit as “Best pick”.
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