Phoenix v2.0.4 — MFE Breakeven Enhancements
Release Date: February 23, 2026
This update improves the MFE breakeven system with smarter arming logic and the ability to lock in a small profit instead of exiting flat.
New Feature: Profit Lock
When MFE breakeven triggers, the stop now moves to entry price plus a configurable number of points instead of exactly breakeven. Default is 9 points, which locks in $18/contract on MNQ or $180/contract on NQ. Set to 0 for true breakeven (previous behavior).
Improved: Hybrid MFE Arm
The MFE arm threshold is now the lower of the ATR-based value or the fixed "Min MFE to Arm" points. This prevents the arm threshold from creeping too close to the profit target on high-volatility days. On a 350-point ATR day, the old 0.12 multiplier produced a 42-point arm against a 45-point profit target — only 3 points of room. The new hybrid caps the arm at 40 points, ensuring breakeven protection can activate before the trade reverses.
Updated Defaults
| Setting | Old Default | New Default |
|---|---|---|
| Min MFE to Arm (points) | 25 | 40 |
| BE Profit Lock (points) | n/a (new) | 9 |
Quick Reference: MFE Breakeven Settings
| Setting | What It Does |
|---|---|
| Enable MFE Breakeven | Master switch — must be checked for any MFE logic to run |
| MFE Arm (ATR mult) | ATR-based arm threshold (0.12 = 12% of daily ATR) |
| Min MFE to Arm (points) | Ceiling on arm distance — caps the ATR value on big days |
| Giveback % (0.50 = 50%) | How much profit can be given back before stop moves |
| BE Profit Lock (points) | Points of profit locked in when BE triggers (0 = flat exit) |