Market / MetaTrader 5 / Utilities /

Phoenix Breakeven Button

FREE

Published: 31 December 2025

Current version: 1.1

Phoenix Breakeven Button

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

United Kingdom

3790
5 (2)
15 products 1 comment
Version: 1.1
Updated: 21 September 2026

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 currently in loss

- Breakeven sets the stop to exact entry price. You will still pay the spread if it's hit, and the panel tells you this plainly rather than implying free protection

- Sound alerts on success or failure, with detailed logging of what was modified, skipped or already protected

Customisation

Panel corner position and offset, a configurable breakeven tolerance for the "already protected" check, and a hotkey to hide or show the panel.

Use Phoenix Breakeven Button to:

- Lock in a risk-free position across your whole account in one action

- Avoid the manual, position-by-position work of moving stops during a busy session

- Get an immediate account-wide status update on what was protected

How to use it

1. Attach to any chart with automated trading enabled.

2. Press the button once your open positions are in profit.

3. Check the log for what was modified, skipped, or already protected.

Installation

Download from the MQL5 Market and attach to any chart. Auto-trading must be enabled in your terminal for the EA to modify orders.

Requirements

MetaTrader 5 build 3280 or higher. Works with any broker and all symbol types.

Feedback & Reviews

If this saves you a stressful moment protecting your positions, a review from the Reviews tab above helps the next trader find it.

Support

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

Developed by Phoenix Global Investments Ltd.

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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 r

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

This is an actively maintained release, rebuilt and expanded for current MT5 builds. Currency markets move in relative terms. A strong-looking EURUSD setup can fail if the Euro is weakening broadly, or succeed only because the Dollar is falling everywhere else. Reading one pair in isolation misses that context. Currency Strength Suite gives a structured, real-time view of relative strength and correlation across nine instruments (default: USD, EUR, GBP, JPY, CHF, AUD, NZD, CAD and Gold), help

69 USD

This is an actively maintained release, rebuilt and expanded for current MT5 builds. 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 (default: M15 through Weekly) and brings the result into a sin

45 USD

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