Tim-All our software-Lightspeed Trader, Sterling Trader Pro and Realtick allow you to create a Stop or Stop Limit order to open a position. Only Realtick has a suite of server-side conditional orders including bracket orders.
I trade various products from various exchanges from various countries using various brokers & various trading platforms. Some brokers or trading platforms or exchanges or products DON'T ALLOW STOP ORDERS and DON'T ALLOW BRACKET ORDERS due to whatever reasons / restrictions / limitations ... ie you have to glue your eyes to the monitors and backside to the trading chair once you enter the trade & also for as long as your position is still open. So don't be fooled by people saying you can use STOP order and BRACKET order for all cases. __________
But in general, this holds true...trending markets is better to use stop orders while range-bound(buy low sell high) markets limit order is better.