Phoenix Position Size and Risk Calculator MT5
- Utilities
- Version: 1.0
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 order deserves. It works on any broker and symbol, including gold and indices, and it's free.
Features
- Lot size calculated two independent ways and cross-checked, to catch the gold and index sizing errors some calculators get wrong
- Commission pulled from your trade history, or entered manually, and subtracted from the risk budget before sizing, so your real loss at the stop matches the risk you set
- Swap cost and your total open risk across the account shown alongside the trade you're about to place
- Four risk modes, percent of balance, percent of equity, a fixed amount, or fixed lots, one click to switch
- Draggable Entry/SL/TP lines or a Box display, both kept in sync with typed risk, distance and price values
- Direction read automatically from where the SL sits relative to entry, with no stop loss handled as unlimited risk rather than silently sized
- Place Trade blocked with the specific reason shown, not a raw broker error, when trading isn't allowed, the market is closed, margin is short, the spread is too wide, or the Risk:Reward is too low
- Confirm step and trade cooldown to stop a double-click from firing the same trade twice
- Risk mode, value and display settings saved per symbol across restarts
If this catches a sizing mistake for you, a review helps the next trader find it. If something isn't working for you, message us first and we'll find a solution.
Check all our products: https://www.mql5.com/en/users/pgi/seller
Contact us for support: https://www.mql5.com/en/users/pgi
#tags position size risk calculator lot size money management trade manager mt5 metatrader forex gold expert advisor utility
