Contracts and account checks

Check micro versus standard futures before routing

Quick answer

A micro future and its larger version are two different contracts. Check the full product and size before you send an alert. One contract of each does not have the same cash effect. Read the multiplier, which tells you how price moves affect the contract’s value.

Educational software guidance. Trading involves risk. Read the financial and information disclaimers.

Step by step

  1. 1 Open the desired micro or standard contract in TWS.
    Switch from Mosaic to the Classic TWS tab at the bottom of the window.
    Switch from Mosaic to the Classic TWS tab at the bottom of the window.
    Add the symbol in the Classic TWS watchlist; hovering over it shows the contract month and the full product name.
    Add the symbol in the Classic TWS watchlist; hovering over it shows the contract month and the full product name.
    Double-click the symbol to choose the contract month from the list of available expiries.
    Double-click the symbol to choose the contract month from the list of available expiries.
  2. 2 Read Description and confirm symbol, expiry, and multiplier.
    Right-click the contract and choose Financial Instrument Info → Description.
    Right-click the contract and choose Financial Instrument Info → Description.
    Description for a Micro E-mini S&P 500 future (MES): symbol, expiry and a multiplier of 5.
    Description for a Micro E-mini S&P 500 future (MES): symbol, expiry and a multiplier of 5.
    Description for the standard E-mini S&P 500 future (ES): same expiry, but a multiplier of 50 and larger margin.
    Description for the standard E-mini S&P 500 future (ES): same expiry, but a multiplier of 50 and larger margin.
  3. 3 Compare the execution symbol in PickMyTrade with the TradingView signal symbol.
  4. 4 Review size, tick-based exits, and any account multiplier for the intended contract.
  5. 5 Preview or check the generated request in a paper workflow before using it live.

A practical example

Suppose you use a chart of a larger future to form a signal but want to trade its micro version. Write both names down. Then inspect the contract the app resolves. Check its multiplier and size before the test. One contract is not the same cash exposure across the two products. A stop expressed in price points can also have a different cash effect. Do not solve a bad symbol map by changing size until the broker record happens to look close. First choose the right product; then set the size and exit values for that product.

Illustrative scenario, not a record of a trade placed during this review.

Screen reference

TWS stock Description showing SMART route, NASDAQ primary exchange, currency, contract ID, minimum tick and frozen data status
This stock is an example of the fields to compare. SMART routing and Primary Exchange are separate fields. The observed feed is Frozen and the market is closed; this is not a live-price or trading recommendation. Captured in TWS paper mode on 3 October 2026. Open the image for full size.
How to confirm the result The selected product and size should match the intended contract rather than a similarly named larger or smaller one.

Mistake to avoid

Do not reuse a dollar-risk calculation from another multiplier without checking it.

Common questions

Can a signal on one product route to another?

Use only a documented mapping and confirm the resolved contract.

Is one micro contract the same exposure as one standard contract?

No. Check the actual contract multiplier.

Financial and information disclaimers

Financial disclaimer

These guides explain software. They are for education, not financial, investment, tax, or legal advice. No example is a suggestion to buy or sell a product or use a trading strategy. Trading can lose money, including all funds you put at risk. With margin, futures, short sales, or some options, losses can exceed your starting funds. Automation can fail, send duplicate orders, or act late. Stops do not guarantee a fill or a price. Review your orders and positions, and seek advice from a qualified professional for your own needs. Paper trades, examples, and past results do not predict live results or promise a profit.

Information disclaimer

This is general help based on the sources and check date shown on the page. Screens, settings, fees, data access, and product support can change or differ by app version, account, country, and broker. The content may contain errors or become out of date; accuracy, completeness, and continuous service are not guaranteed. Check current broker and app instructions before acting. Screenshots show where controls are; they do not prove that an order test passed. This guide does not replace broker terms or risk notices. References to IBKR and TradingView identify their products and do not imply their endorsement of this guide.

IBKR risk disclosures · IBKR paper-trading limits · SEC guidance on automated investment tools

PickMyTrade help · Independent guidance for Trader Workstation and the desktop integration. TWS images show paper trading. Other applications are named in the image captions. Settings and availability can vary by version and account.

Automate TradingView alerts to Interactive Brokers

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