Can I do this with stop limit orders?

Quote from steve.larson:



But probably you're going to need some good (and pricey) software; inexpensive stuff like QT and/or Askresearch stuff are just not sophisticated enough. For some reason as soon as the S/W can make simple decisions like 1 + 1 = 2, the price of it doubles, triples and quadruples.
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Maybe I'm missing something. The conditional orders are a new function of the TWS and no additional software would be needed.
 
Quote from def:

Maybe I'm missing something. The conditional orders are a new function of the TWS and no additional software would be needed.
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Maybe so, but I don't think every American uses TWS/IB.
 
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