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Stops is our software tool for calculating the changing volatility-adjusted stop-loss settings of a rising stock. One problem traders and investors face is how much to let a stock decline before selling. Most investors, if they use stops at all, lose too much when their stops are triggered. The stops are set too close or too far away. The excess losses could easily add up to a huge amount over a year. Our Stops tool addresses this issue.
The ideal stop-loss setting will minimize the loss if the stock plummets but still give the stock room for normal fluctuations while it continues to climb. Stops includes a “Stop-Lab” where you can experiment with different settings and see the effect of those settings on a stock-chart covering over 5½ years of price activity. The charts in the lab are pre-selected by Stockdisciplines.com and cannot be changed. Stop-placement in the “Lab” is indicated by a red line that changes as settings are changed. When you find the settings that work the best for you (that fit your own investment time-horizon), those settings can be entered for each of 10 different stocks. Or, you can enter different settings for each of 10 stocks.
Stops will then automatically compute stop-loss settings for you as you enter price data. The actual number is generated and displayed for you. Stop-losses can be based on a fixed-percentage decline or on the volatility of the stock. You can also generate stops that combine the fixed-percentage and volatility-adjusted approaches (and you can choose the relative weighting of each). The tool can calculate and use volatility measurements to reduce the chances of unnecessary selling because of random lurches of the stock.
Stops includes 19 different ways to calculate a stop loss, each of which has an infinite range of adjustment possibilities (so you can adjust them to reflect your own tolerance for risk). For example, it can use average deviations, standard deviations, a “Kaufman/Bulkowski” approach, formulas derived from Kase's definition of “true range,” and so on. Stops does all the math for you. You do not even have to know how to compute a standard deviation or know anything about statistics. You simply enter the numbers 1, 2, or 3 in different boxes (or leave the boxes empty). That’s it! That’s all the math you need to know. The only exception would be if you want stops to include a straight percentage as part of its calculations. Then, of course, you would have to specify what you want that percentage to be. You can experiment in the “Lab” until you find the settings that are just right for you. Stops does not calculate stop losses for positions that have been sold short. However, a user can easily deduce such settings. For example, if Stops calculates a stop loss that is .95 below the close, the user may infer that the stop for a short position is .95 above the close.
For each position, there is a module available for computing Fibonacci retracement levels. For example, a person can enter a recent low and high, and the module will compute Fibonacci retracement levels based on that information.
Why data input is not automated.
You must have Excel 2007 (or later) installed on your computer, and be able to open an Excel spreadsheet with macros in order to use Stops. To test your system, click on the following link. It will take you to a page where you can download a small exe (executable) file with a macro (Stops has a few macros). If you can enter a number and cause the macro to work and the spreadsheet to recalculate, then you should have no trouble using Stops on your system (unless you have a Linux or Apple system, and those may or may not work depending on configuration). Do not try to open the file with Excel. That will not work. Simply click on the downloaded icon and it will open. Notice: There are compatibility issues with versions of Excel that are older than Excel 2007. Do not attempt to open Stops or even to test your system if you have Excel 2003 or other older versions of Excel. Contact us for details if you have an older version. If you have Excel 2007 or later, take the following test Test for Excel 2007 & later
The macros in Stops are essential to the proper functioning of the tool, so they must be enabled (a simple setting choice in Excel). When you click on the Stops icon, Stops automatically opens and makes use of the functionality your installed spreadsheet program. It is not necessary to open Excel for it to do this. While Stops is easy to use, there is a lot to it internally. Once it is loaded, data can be entered as quickly as for any simple Excel spreadsheet. That’s because it is configured so that it will not compute anything until you tell it to by pressing the f-9 key. Simply make all your entries, press the f-9 key, and wait a few moments for Stops to complete its computations.
The amount saved by better stop placement (even once) could pay for the small license fee many times over. You can get much more information by clicking on "Stops" on the navigation bar (left side of your screen).
Ordering and The License Agreement
Read the License Agreement for details before ordering. To read the License Agreement, click on Agreement. An order cannot be transmitted to us unless you acknowledge that you have read the License Agreement.
2. There may be times when our stop loss calculators are not available. They may be unavailable if modifications, updates, or improvements are being implemented. If the programs are available, your order will go through. If not, you will get a message stating that the product you ordered is not available, and your credit card will not be charged.
The license period (6-months) automatically renews when the license period expires. If you wish to cancel you must do so before the license renews. See the "Refunds & Policies" page for details.
Below, you have two selection possibilities, according to whether you have a 32-bit or 64-bit version of Excel. Be sure to order the correct version of Stops. Even if you have a 64-bit Windows operating system, you may have a 32-bit version of Excel. The appropriate version of Stops depends on what version of Excel you have installed on your computer. For example, a 32-bit version of Excel cannot work with a 64-bit version of Stops. Excel 2007 is 32-bit. Later versions could be either. If you are not sure, click on Excel Version .