A tick is the smallest price increment a contract trades in, and the tick value is what that increment is worth. An ES tick is 0.25 points = $12.50; an MES tick is $1.25.
Tick value is the bridge between a stop in ticks and a stop in dollars, which is why it sits at the centre of any futures position-size calculation.
See it on your own trades.
Merlin computes the metrics and rule distances above from your imported history, and checks your next trade against them before you enter.
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Firm figures reflect published rules at the time of writing. Firms revise rules often, so verify against the firm's site before relying on them.
Merlin's gauges derive from closed trades. Your firm watches live equity including open positions.
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