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Phoenix Lot Calculator

FREE

Published: 11 November 2026

Current version: 1.90

Phoenix Lot Calculator

Indicators
Ali Alkanhousch
Ali Alkanhousch
Germany

358
I have been trading gold for five years. Like many traders, I bought robots that looked perfect in their ads and lost money on my account, so I started building and testing my own.
Version: 1.90
Updated: 11 November 2026

Phoenix Lot Calculator calculates the correct lot size for your trade in seconds, directly on the chart. Place three lines and see the risk and reward in money before you enter.

Works on any symbol: forex pairs, gold, indices and crypto, on any account currency.

How it works
1. Move the entry line to your entry price
2. Move the red stop loss line. Below the entry means BUY, above the entry means SELL
3. The take profit line moves automatically to your chosen reward to risk ratio
The panel shows the lot size, the risk and the reward in your account currency.

Features
- Risk buttons: 0.25%, 0.5%, 1%, 2% and fine adjustment with + and -
- Reward to risk buttons: 1:1, 1:1.5, 1:2, 1:3 and fine adjustment
- Drag the take profit line and the ratio updates by itself
- Move the entry away from the price and it shows the pending order type (Buy/Sell Limit or Stop)
- Your settings are remembered when you change timeframe
- Drag the panel anywhere on the chart, panels never cover each other
- Clean Phoenix chart theme, your original chart colors are restored when you remove the indicator

The calculator does not open or manage trades. It only shows the numbers, you stay in control.

From the developer of Phoenix Three Flames
This free tool comes from the same developer as Phoenix Three Flames, an automated Expert Advisor for gold on MetaTrader 5.
See it here: https://www.mql5.com/en/market/product/207465

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Phoenix Lot Calculator

Ali Alkanhousch