Glow For It.

GlowForIt is a dockable script to quickly create an outline or a glow around a text, a shape or any layers with an alpha channel... With FAST PREVIEWING/RENDERING (yeaaayyy)

There are 3 buttons:

1/The first one allows you to create a stroke, its thickness, its opacity, its colour, its position and mainly if you want to hide the content (ON by default)

2/The second button allows you to create a glow with a simple expansion (choke), its size, its colour and mainly if you want to hide the content (ON by default)

3/The third button deletes all the styles and effects applied to the layer, even those not linked to GlowForIt! Use with caution!

Tips #1: Duplicate your layers to mix both effects.
Tips #2: If you just need the outside position, the Choke option can replace the outline if you have the same or a less size Glow value.
Tips #3: Create faux-Bold, 2nd, 3rd strokes etc. 

All the properties created appear in the Effect Controls panel of your layer: You keep complete control of your creation.

You can also easily share your Adobe After Effects file as there is NO NEED to get the plugin to edit your file.