Need to hedge out FX exposure - Ideas

I need to hedge out 1M EUR/TRY short with the following conditions:

1)1:1 delta hedge up to 10% upside. EG. Short EUR/TRY@4.00, no losses until 4.40. Then possibly 1:1 losses from delta or whatever(better)

2)EUR/TRY below 4 is irrelevant. I can give up all upside from the short.

If I had an option risk graphing tool this would be a lot easier, I would just play around and get the result possibly a split strike reversal variant.

Any suggestions? Or is my only choice some sort of OTC structured product?

If it's fairly vanilla I can execute thru my hedge broker(Saxo) although their quotes are pretty horrendous.

 

You're going to ping banks for structure product pricing on $1m notional?

 

Yes. Irrelevant of size this needs to be done.

 

The point is that no-body is going to do a bespoke OTC for you on $1M notional, it's far too small and as in many aspects of life, size is relevant. If they do, the pricing will be as bad as you're seeing at Saxo.