How to Calculate a Stop Loss using Excel

I found a video entitled like this on Youtube. Dude, seriously?!

This is why many traders fail, because they have been taught that their trades must have fixed SL, TP etc. The markets are much more fluid than you think. You cannot ‘predict’ the stoploss or the takeprofit no matter how many calculations you make. You can, at most, estimate them… which case you do not really need so many calculations. Better focus your time and mental energy on something else.

I’ve managed to watch 30′ of that video, BTW.