Phoenix Drawdown Meter

Prop firm and personal risk rules are usually built around a specific measure of drawdown (most often a daily limit, reset at a fixed time), and it's easy to lose track of exactly where you stand against that limit while you're trading.


Phoenix Drawdown Meter tracks drawdown as a percentage of your account balance at the start of the trading day (a midnight reset), not floating or all-time drawdown, so the number on screen matches the measure most daily risk rules actually use.


How it keeps risk visible


- Live gauge of daily drawdown percentage from the midnight balance

- Three configurable thresholds (green/yellow/red) matching your own risk limits

- Smoothed needle movement, so the reading doesn't jump erratically tick to tick

- Alert when drawdown crosses into your red zone, with a configurable cooldown


Use Phoenix Drawdown Meter to:

- Keep a constant, at-a-glance check against a daily drawdown limit

- Get alerted before you breach a prop-firm or personal daily risk rule

- Avoid manually recalculating drawdown from your starting balance during the session


How to use it


1. Attach to any chart.

2. Set your three thresholds to match your own or your prop firm's daily risk limits.

3. Enable the alert so you're notified before, not after, you breach your red zone.


Installation


Download from the MQL5 Market and attach to any chart. The midnight balance baseline is captured and reset automatically each day.


Requirements


MetaTrader 5 build 3280 or higher. Works with any broker and account type.


Feedback & Reviews


If this keeps you inside your risk limits, a review from the Reviews tab above helps the next trader find it.


Support


Questions or a setup issue? Message me via MQL5 Private Message; I reply personally to every message.


Developed by Phoenix Global Investments Ltd.

© 2025 Phoenix Global Investments Ltd. All rights reserved.

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Seconds Chart is a unique tool for creating second-based charts in MetaTrader 5 . With Seconds Chart , you can construct charts with timeframes set in seconds, providing unparalleled flexibility and precision in analysis that is unavailable with standard minute or hourly charts. For example, the S15 timeframe indicates a chart with candles lasting 15 seconds. You can use any indicators and Expert Advisors that support custom symbols. Working with them is just as convenient as on standard charts.
Anchor Trade Manager
Kalinskie Gilliam
5 (9)
Utilities
Your EAs cannot see each other, but Anchor can. Anchor gives you one place to coordinate your EAs, manage risk, and decide when trading is allowed. It works alongside the trading bots you already use without any changes to them. The Problem One EA opens a trade. Then another starts trading. The next thing you know, you wake up to multiple grids built across your account. Each EA may be doing exactly what it was designed to do, but together they can place far more risk on your account than you in
The News Filter MT5
Leolouiski Gan
4.79 (24)
Utilities
This product filters   all expert advisors and manual charts   during news time.  It is able to remove any of your EA during news and automatically reattach them after news ends. This product also comes with a complete  order management system   that can handle your open positions and pending orders before the release of any news. Once you purchase   The News Filter , you will no longer need to rely on built-in news filters for future expert advisors, as this product can filter them all from her
Floor Watch
Syed Tauqeer Hussain Shah
Utilities
Floor Watch One number, watched every thirty seconds: how far equity has fallen since the day began — or since its highest point, if it's told to trail the peak instead of the open. Cross the line and it doesn't argue. Every open position closes, every pending order vanishes, and anything that slips through afterward gets shut the moment it appears. Not asked. Removed. The floor holds until the clock turns 5 AM Pakistan time — then, and only then, does the day start over. One rule. No except
VirtualTradePad One Click Trading Panel
Vladislav Andruschenko
4.59 (74)
Utilities
Trading Panel for MetaTrader 5 — professional one-click trading from chart and keyboard A powerful trading panel for active manual trading, designed to open, manage, and close trades far faster and more efficiently than the standard MetaTrader interface. This panel is built for traders who want full control over positions, pending orders, profit management, and trading execution inside one professional workspace. This is not just another utility. It is a complete trading cockpit for MetaTrader
MT5 to Discord Signal Provider
Lukas Roth
5 (5)
Utilities
The MT5 to Discord Signal Provider is a user-friendly, fully customizable utility designed for sending trading signals directly to Discord. This tool transforms your trading account into an efficient signal provider. Customize message formats to suit your style! For ease of use, select from pre-designed templates and choose which message elements to include or exclude. [ Demo ] [ Manual ] [ MT4 Version ] [ Telegram Version ]  New: [ Telegram To MT5 ] Setup Follow our detailed user guide for eas
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PHOENIX GLOBAL INVESTMENTS LTD
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Closing several open positions one at a time during a fast-moving market or a platform issue wastes time, and every extra second adds slippage exposure. Close All Trades Button gives you instant, portfolio-wide position closure from a single click. Press the button and every open position closes sequentially with automatic retry logic for rejections and requotes, so a single stuck order doesn't block the rest. How it speeds up your exit - One click closes every open position on the account t
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Phoenix Auto Fibonacci Monitor
PHOENIX GLOBAL INVESTMENTS LTD
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This is an actively maintained release, rebuilt and expanded for current MT5 builds. Manually redrawing Fibonacci retracements every time price makes a new swing is slow, and it's easy to end up anchoring the tool to the wrong high or low. Phoenix Auto Fibonacci Monitor removes that manual step. It automatically identifies the dominant market swing using higher-timeframe pivot and ATR validation, plots the retracement levels, and keeps them updated as new swings form, so the levels on your ch
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Phoenix Support and Resistance Detector
PHOENIX GLOBAL INVESTMENTS LTD
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This is an actively maintained release, rebuilt and expanded for current MT5 builds. Manually marking support and resistance is subjective. Different traders draw different lines on the same chart, and yesterday's key level might already be broken by the time you act on it. Phoenix Support and Resistance Detector automatically identifies and ranks levels from a higher timeframe, scores each one by how many times price has actually tested it, and alerts you when a level's role flips or price a
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Phoenix Breakeven Button
PHOENIX GLOBAL INVESTMENTS LTD
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Manually moving stop losses to breakeven across several open positions is slow during a fast market, and it's easy to accidentally apply it to a position that's still in the red. Phoenix Breakeven Button moves every profitable open position's stop loss to breakeven with a single click, automatically skipping anything still in loss. How it protects your profit - One click applies breakeven protection across every open position on the account - Automatically detects and skips positions current
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Phoenix Candlestick Pattern Monitor
PHOENIX GLOBAL INVESTMENTS LTD
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This is an actively maintained release, rebuilt and expanded for current MT5 builds. Manually scanning every candle for a recognisable reversal or continuation pattern is slow, and it's easy to miss one, especially across multiple charts or timeframes. Phoenix Candlestick Pattern Monitor automatically detects 18 standard candlestick patterns as they form, marks them on the chart, and keeps a running count so you can see which patterns this symbol actually produces. How it catches patterns fo
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Phoenix Candle Timer Panel
PHOENIX GLOBAL INVESTMENTS LTD
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Not knowing exactly when the current candle will close makes it easy to miss a planned action (moving a stop, taking a scheduled entry, checking a setup right at the close), especially on lower timeframes where a few seconds matter. Phoenix Candle Timer Panel displays a live, second-by-second countdown to the next bar close, alongside the current symbol and timeframe, so you always know exactly how much time is left on the current candle. How it sharpens your timing - Live countdown to the ne
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Phoenix News Countdown Calendar
PHOENIX GLOBAL INVESTMENTS LTD
Indicators
High-impact news events can move price sharply within seconds. Without tracking exact timing, it's easy to get caught in a position going into a release, or to miss the safest window to act around one. Phoenix News Countdown Calendar shows a live countdown to upcoming economic events for the currencies relevant to your chart, so you can see exactly what's coming and when. How it keeps you ahead of volatility - Displays up to five upcoming events, ordered by time, with a live countdown - Auto
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Phoenix Trend Strength Meter
PHOENIX GLOBAL INVESTMENTS LTD
Indicators
This is an actively maintained release, rebuilt and expanded for current MT5 builds. Seeing that a market is trending is easy. Judging whether that trend still has real conviction behind it, or is running out of steam, is harder to read from price alone. Phoenix Trend Strength Meter combines ADX-based trend strength with RSI-based directional conviction into a single Regime Line on your current chart, with alerts when that regime changes or shows signs of exhaustion. How it reads market conv
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Phoenix ATR Volatility Meter
PHOENIX GLOBAL INVESTMENTS LTD
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This is an actively maintained release, rebuilt and expanded for current MT5 builds. The same stop-loss distance or position size that works in a calm market can be too tight or too large once volatility shifts. Judging that shift by eye, from the raw ATR value alone, is unreliable. Phoenix ATR Volatility Meter classifies current ATR against its own recent history, so you can see whether volatility right now is unusually low or high, not just what the raw number is. How it reads volatility f
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Phoenix Position Size and Risk Calculator MT5
PHOENIX GLOBAL INVESTMENTS LTD
Utilities
Sizing a trade by hand means doing pip-value and commission math under pressure, or trusting a single calculator that can get gold and index lot sizes wrong. A mis-sized lot turns a planned 1% risk into something very different once commission and a rounded lot step are factored in. Phoenix Position Size & Risk Calculator MT5 sizes the trade, lets you set it up directly on the chart by dragging the Entry, Stop Loss and Take Profit lines, and places it for you, with the safety checks a one-click
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Phoenix Moving Average Meter
PHOENIX GLOBAL INVESTMENTS LTD
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This is an actively maintained release, rebuilt and expanded for current MT5 builds. A widening or narrowing moving-average cloud carries real information about trend strength and possible exhaustion; judging cloud width and slope consistently, bar after bar, by eye alone is hard to do reliably. Phoenix Moving Average Meter reads the angle and width of your fast/slow MA cloud and classifies both against their own recent average, so you can see whether the current trend is accelerating, flatte
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Phoenix Magic Number Dashboard
PHOENIX GLOBAL INVESTMENTS LTD
Utilities
Running more than one EA on the same account makes it hard to tell which strategy is actually contributing to, or dragging down, your equity at a glance. Phoenix Magic Number Dashboard automatically groups your open and closed trades by magic number, so you can see each EA's live and closed performance side by side, with account-wide totals. How it keeps multi-EA accounts clear - Auto-discovers active magic numbers, or track a manual list - Per-EA open positions, open profit, closed trades a
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Phoenix Spread Panel
PHOENIX GLOBAL INVESTMENTS LTD
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Entering a trade when the spread has quietly widened costs more than expected, and that's easy to miss when you're only watching one symbol's chart. Phoenix Spread Panel shows a live table of spread across multiple symbols at once, colour-coded against each symbol's own average, so a widening spread is visible before you place the order. How it keeps spread costs visible - Live current, minimum, maximum and average spread for up to 15 symbols at once - Display in pips or points - Sortable by
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Currency Strength Suite
PHOENIX GLOBAL INVESTMENTS LTD
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Phoenix Trend Strength Suite
PHOENIX GLOBAL INVESTMENTS LTD
Indicators
Trends rarely move the same way on every timeframe. A bullish M15 chart can simply be a pullback inside a bearish H4 trend, and trading the shorter picture without checking the wider one is how good-looking entries turn into trades against the real trend. Phoenix Trend Strength Suite reads trend direction and quality across five timeframes at once and brings the result into a single dashboard, so you can see whether your timeframe actually agrees with the bigger picture before you take the trad
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