cetain platforms allow you to do really cool things when it comes to stops. the best one I have seen allows you to configure "thresholds" which are rules that say only place a stop after X amount of contracts have traded and only trail if Y amount of contracts trade at a new price. Obviously there is more to it, but it is what I call "intelligent stops" vs. simply throwing an OCO order in.
I'd like to see more 'intelligent stop' software out there... for example I use a lot of indicators such as "minimum 8 trades at or beyond a given price", not just a single market print, which would cause a stop on most platforms .. eg using the patter of the tape, and perhaps other market internal type indicators, eg 'trail stop 37.3- from entry 37.5+ if (a+b+c)" vs just a single at-market print, causing the stop to trigger.. that's a request for broker software folks.. have configurable multivariable stop software... (do institutional traders have this?).. ken