Mental Stop

What does Mental Stop do?
Mental Stop lets you rest stop orders on your computer instead of with the broker/exchange. It's simple and intuitive. Mental Stop works with Interactive Brokers Trader Workstation.

You can also use Mental Stop to bracket a buy stop and sell stop around the current market price.

Why traders use Mental Stop?
1) Many traders don't like to rest their stop orders with the broker/exchange. However, the alternative is to monitor the market himself and manually submit a market order when the stop price is hit.

Mental Stop automates this responsibility. The software monitors the market price and automatically submits a market order when the stop price is touched. If the last price touches the stop price, the order is submitted. There are no other filters.

2) Avoid order cancellation and modification fees.

Does Mental Stop work for all instruments?
It works with all U.S. equities and global futures. For other instruments, please contact us at mentalstop1@gmail.com and we will quickly build a custom solution for you.

Usage Instructions:

See video in this link.

http://www.youtube.com/watch?v=cnyJVWegSAY&fmt=18

1) Enter Ticker
2) Enter Quantity
3) Enter Buy Stop or Sell Stop price.
4) If you entered a valid ticker, the real time price should be in the "Last Price" field.
5) Press the Buy Stop or Sell Stop button. The button will turn green which means the stop is active.

Deactivate the Stop:
Simply press the button again. The button color will return to gray which means the stop is no longer active.

Change the Stop Price:
Deactivate the stop first by pressing the button again. The button color will return to gray which means the stop is no longer active. Change the stop price. Then press the button again to activate the stop. The button color will turn green again.

Purchase
The license for Mental stop is $49.99. This license is for a single user and single computer. To contact us, please send an e-mail to mentalstop1@gmail.com.

Please make sure you test everything you want to do on the Interactive Brokers TWS Demo account before using Mental Stop for your trading account. By purchasing or using Mental Stop, you agree that you are solely responsible for anything you do and you agree that Mental Stop is not liable for any type of losses (e.g. financial losses) you may incur as a result of using Mental Stop or as a result of any bugs, errors or defects with Mental Stop.