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Phoenix Drawdown Meter

FREE

Published: 31 December 2025

Current version: 1.1

Phoenix Drawdown Meter

Utilities
PHOENIX GLOBAL INVESTMENTS LTD
PHOENIX GLOBAL INVESTMENTS LTD
CEO at PHOENIX GLOBAL INVESTMENTS LTD

United Kingdom

3685
5 (2)
15 products 1 comment
Version: 1.1
Updated: 8 January 2026

Phoenix Drawdown Meter (MT5)
Real-time drawdown monitoring tool for MetaTrader 5. Displays live account drawdown percentage on your chart to help traders manage risk and avoid breaching account limits.

Purpose
Drawdown is the most critical risk metric for traders operating prop firm accounts or strict risk-managed portfolios. Exceeding drawdown limits can invalidate accounts or eliminate weeks of progress.

The Phoenix Drawdown Meter provides constant visibility of current drawdown based on broker server equity and balance data. The meter updates automatically as price and positions fluctuate, allowing traders to react early and reduce exposure before limits are breached.

Installation
Download from MQL5 Market and attach to any chart. The meter appears immediately and requires no configuration.

Requirements
MetaTrader 5 build 3280 or higher. This is an Expert Advisor that must run on a chart. Displays drawdown for the current account only using live equity data.

Feedback & Reviews
If you find this tool useful, please consider leaving a 5-star review on MQL5. Your feedback directly shapes future Phoenix updates, improvements, and new tools — we build more of what traders actually value.

Support
Lifetime support via MQL5 Private Message. Response within 24 hours.
Developed by Phoenix Global Investments Ltd © 2025 Phoenix Global Investments Ltd. All rights reserved.

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Phoenix Trend Strength Suite (MT5) Professional multi-timeframe trend analysis system for MetaTrader 5. Combines trend direction detection with strength classification across nine timeframes, displaying comprehensive trend metrics through dual visualization modes: dashboard panel and histogram overlay. Overview Phoenix Trend Strength Suite analyzes trend across M1, M5, M15, M30, H1, H4, D1, W1, and MN1 timeframes simultaneously using ADX-based strength measurement and moving average directio

45 USD

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Phoenix Drawdown Meter

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