Interesting idea, if I understand you correctly you're suggesting that on a long you would pair a sell-stop-limit below the price to sit on the Globex server with a sell-stop above the price that would sit on IB's server. That's the only way I can see of making the target a "simulated" order (since targets are normally limit orders which sit native). Hmmm, never tried placing a sell-stop above the price, seems like it would trigger right away, maybe I'm missing something....
That might do it, and appears the only way to set up a "simulated" target order. The key question, as you mentioned, is whether they sit on the TWS workstation or on IB's servers. Years ago I used Cybertrader and their conditional orders sat on the user's computer. Unfortunately that meant when I was disco'd from Cyber I lost those orders. Now if they sat on IB's servers that would be an intiguing way around the problem -- if IB blipped or bumped me, no problem, my stop-limit would still sit on Globex and my conditional/simulated target would still sit on IB waiting to be triggered (and, if so, self-cancel the other portion of the OCA pair). If IB got disconnected from Globex at least I would still be protected by the native stop-limit order although I would lose any target order. And, of course, if Globex went down then trading would stop and depending on how long they were down either my native stop-limit would remain intact or it would be cleared out like everyone elses. So does anyone know with certainty whether the (untriggered, unfilled) IB conditional orders sit on the standalone TWS or the IB servers?
