How much is one point of MCL worth?
One point of MCL (Micro WTI Crude Oil) is worth $100 per contract. If the price moves 0.80 points, each contract makes or loses $80.
MCL tick value and point value
Micro WTI Crude Oil. One point is worth $100 per contract and the 0.01 minimum tick $1. CME Group specifications, the same at any broker and prop firm.
- 1 point$100
- 1 tick (0.01)$1
- Ticks per point100
- 10 MCL =1 CL
Contracts
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- Actual risk
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- Risk per contract
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- Point value
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- Tick value
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MCL profit and loss per point
| Move | 1 contract | 5 contracts | 10 contracts | 20 contracts |
|---|---|---|---|---|
| 0.01 points (1 tick) | $1 | $5 | $10 | $20 |
| 0.20 points | $20 | $100 | $200 | $400 |
| 0.40 points | $40 | $200 | $400 | $800 |
| 0.80 points | $80 | $400 | $800 | $1,600 |
| 1 point | $100 | $500 | $1,000 | $2,000 |
| 2 points | $200 | $1,000 | $2,000 | $4,000 |
Before commissions. Profit and loss are symmetrical: the same move against you costs the same.
MCL vs CL
| Contract | Underlying | 1 point | 1 tick |
|---|---|---|---|
| MCL | Micro WTI Crude Oil | $100 | $1 |
| CL | WTI Crude Oil | $1,000 | $10 |
MCL lets you size risk in steps ten times smaller than CL: useful with small accounts or wide stops.
MCL on a 50K funded account
Points of loss one MCL contract can take before each limit. With more contracts, divide by the number of contracts.
| Program | Max loss | Points (1 contract) | Daily limit in points |
|---|---|---|---|
| Topstep Trading Combine | $2,000 | 20 | 10 |
| Apex Trader Funding EOD Evaluation | $2,000 | 20 | 10 |
| Apex Trader Funding Intraday Evaluation | $2,000 | 20 | None |
| Lucid Trading LucidFlex / LucidPro / LucidDaily | $2,000 | 20 | 12 |
| Tradeify Growth | $2,000 | 20 | 13 |
| Tradeify Select | $2,000 | 20 | None |
Example: how many MCL on a $50,000 account
With a $50,000 account and 1% risk per trade, you can lose $500 if the stop is hit. With a 0.40-point stop (40 ticks), each MCL contract risks 0.40 × $100 = $40. That fits 12 contracts, risking $480.
If the market is choppier and the stop needs 0.80 points, the risk per contract doubles and 6 contracts fit: the money at stake is still $500, only the size changes. With 2% risk ($1,000) and the 0.40-point stop, 25 contracts fit.
How the MCL tick value is calculated
The tick is the smallest price move: 0.01 points on MCL. Its value is the point value times that size: $100 × 0.01 = $1, and one point has 100 ticks. To turn a stop in ticks into money, multiply the ticks by $1; to see how many points a given risk allows, divide the money by $100.
These figures are the contract specifications set by the exchange (CME Group), the same at every broker. What varies from one broker to another is the commission per contract and the margin required to open the position: check both before you trade.
Frequently asked questions
What is the MCL tick value?
The minimum tick is 0.01 points, worth $1 per contract. One point has 100 ticks.
How many MCL equal one CL?
Ten. MCL is the micro of CL: it tracks the same underlying at one tenth of the point value ($100 versus $1,000).
How much do I make on 0.80 points of MCL?
$80 per contract: 0.80 points × $100. With 5 contracts, $400. Your broker’s commissions come on top.