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MGC position size calculator
1 MGC tick = 0.1 points = $1.00. Type your stop and risk to see how many GC or MGC contracts to trade.
MGC contract specs
| Contract | Micro Gold (MGC) |
|---|---|
| Tick size | 0.1 points |
| Tick value | $1.00 per contract |
| 1 full point (1.00) | $10.00 |
| Standard version | GC (10× bigger, $10.00 per tick) |
Tick sizes and values follow the exchange contract specs. Check your broker before trading, since fees and margins vary.
GC and MGC 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 GC | 1 MGC | Size for ~$250 |
|---|---|---|---|
| 13 ticks (1.3 pts) | $130.00 | $13.00 | 19 MGC ($247.00) |
| 25 ticks (2.5 pts) | $250.00 | $25.00 | 1 GC ($250.00) |
| 50 ticks (5 pts) | $500.00 | $50.00 | 5 MGC ($250.00) |
| 75 ticks (7.5 pts) | $750.00 | $75.00 | 3 MGC ($225.00) |
| 100 ticks (10 pts) | $1,000.00 | $100.00 | 3 MGC ($300.00) |
| 150 ticks (15 pts) | $1,500.00 | $150.00 | 2 MGC ($300.00) |
How to calculate MGC position size
- Pick your stop: 50 ticks is 5 points.
- Risk per contract = ticks × tick value = 50 × $1.00 = $50.00.
- 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 (0.1) to get ticks. See the full guide: how to calculate futures position size.
Questions
What is the tick value of MGC?
One MGC tick is 0.1 points and is worth $1.00 per contract. A full 1.00-point move is worth $10.00.
How many MGC contracts should I trade?
Divide the dollars you are willing to lose by the risk of one contract. With a 50-tick stop, one MGC risks $50.00. For a $500 risk and a 100-tick stop, the calculator suggests 5 MGC ($500.00).
What is the micro version of GC?
MGC (Micro Gold) is the micro contract. It is 1/10 the size of GC: 10 MGC move the same dollars as 1 GC. One MGC tick is worth $1.00.
Should I trade GC or MGC?
Use GC when its size lands inside your risk range, because one standard contract usually costs less in commissions than 10 micros. Use MGC when a single GC 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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