Thought I had found a solution to my question above, hence reason I deleted the question. However, I haven't, so I am posting the question again for assistance. Thanks
Going through the normal process of attaching a condition to an order as available on TWS, one significant restriction there is that a stop order is not allowed in the the condition, only a limit order. Why this is the case beats me! This makes it impossible to achieve what I want to achieve which I will explain with an example below:
AUDJPY price is currently 87.92/87.93. I want to buy 25K AUDJPY when price breaks 88.40, attached to this is a bracket order with take profit at 89.40 and stop loss at 87.92.
At the same time, I want a sell trade to be submitted (ONLY when the above buy trade is triggered) to sell 25K AUDJPY at 87.92 with a bracket order of take profit at 86.82 and stop loss at 88.30, so a sort of 'Stop and reverse' order.
Unfortunately, as the conditional order function won't allow a sell stop order, just a sell limit, there is no way for me to specify a price condition for the sell trade to trigger only when price is equal or greater than 88.40 (signifying my buy trade would have been triggered). Any ideas/suggestions of a way around this?
