Phoenix -adjust dollar based values for # of contracts?
Started by Dan McDevitt on Feb 22, 2026 at 10:45 PM
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Posted Feb 22, 2026 at 10:45 PM
If looking to trade 2 or 3 contracts for Phoenix whether MNQ or NQ, assume you should adjust the dollar based values (profit target, stop loss, daily loss limit) accordingly? Thanks
Posted Feb 23, 2026 at 12:30 PM
Edited
Phoenix v2.0.3 — Property Label Clarity
Release Date: February 23, 2026
This update improves property labels and descriptions to eliminate confusion when trading multiple contracts.
Changes
- Profit Target — Label changed from "($)" to "($/ct)" with expanded description clarifying this is a per-contract value that sets exit distance from entry. Do not multiply by number of contracts.
- Stop Loss — Label changed from "($)" to "($/ct)" with same per-contract clarification.
- Daily Loss Limit — Description updated to clarify this is the total across ALL contracts. If trading multiple contracts, multiply accordingly (e.g., $350 × 2 contracts = $700).
- Daily Profit Limit — Description updated with same total-account clarification and scaling example.
Quick Reference: Multi-Contract Settings
| Setting | Scale for Multiple Contracts? | Why |
|---|---|---|
| Profit Target ($/ct) | No | Sets price distance from entry — applies to each contract automatically |
| Stop Loss ($/ct) | No | Sets price distance from entry — applies to each contract automatically |
| Daily Loss Limit ($) | Yes — multiply by # of contracts | Tracks total P&L across all contracts |
| Daily Profit Limit ($) | Yes — multiply by # of contracts | Tracks total P&L across all contracts |
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