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Michael,
Freetrade and Brokerage America do not offer on
cancels another orders, or one triggers another
orders. OptionsXPress, and I believe
InteractiveBrokers also does (see
https://www.optionsxpress.com/welcome_pr_020820.htm
for the ox info).
The problem with Optionsxpress is that commission
costs are $19.95/trade, which is a bit steep if you do
a lot of trades. Other than that, the price is very
good for options ($14.95 for up to 10 contracts,
$1.5/contract after that). If equities are your
thing, I'd go with ib.
Walid
--- Michael Stoecker <mstoecker@xxxx> wrote:
> Folks,
>
> Can you recommend any online (direct access) brokers
> that allow placement of "conditional" orders. For
> example, I'd like to be able to place a buy/sell
> order and a corresponding stop loss order
> conditional upon the execution of the buy/sell
> order. Because I'm not a full-time trader, I cannot
> not always count on being able to monitor the status
> of an opening order to then "promptly" place an
> accompanying stop loss order.
>
> I've looked at Interactive Brokers, BrokerageAmerica
> and FreeTrade. I cannot discern from their online
> documents whether they support such order entry.
>
> Your assistance is appreciated. Thanks in advance.
>
> Michael
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