There have been some recent developments with Interactive Brokers that affect our ability to continuing servicing IBKR accounts over the SnapTrade API.
Interactive Brokers has made it clear that they have no interest in working with SnapTrade or any other 3rd party API aggregators to facilitate connections to their trading API. Even for partners who have their own IBKR keys, they have asked us not to intermediate the connection. Their suggested path forward is:
1) All apps get their own IBKR keys subject to a compliance review, and
2) All apps build their own direct integrations with IBKR's trading API.
This is a disappointing outcome for us that we believe is not in the best interest of IBKR customers, but at the end of the day IBKR is in complete control of who connects to their trading API. In response to IBKR's request, we have disabled all IBKR connectivity for all SnapTrade partners...
An exploration of how SwingTradeBot calculates its ADX indicator.Read More ➞
Here's another really good video from Dr. Duru. In addition to doing an insightful technical analysis review he also shows how he uses the following SwingTradeBot features:Read More ➞
Over the weekend my good friend Duru posted a video (on his "Dr. Duru Diagnoses Markets" YouTube channel) of his stock screening process using SwingTradeBot. I think it will be helpful to those new to the site and/or new to technical analysis.
That scan is located in the "Relative Strength" scans category which can be reached via the Research menu -> End of Day Scans -> Scans By Type
>Earlier today someone asked me: "you ever thinking of updating your android app?". Here's the TL;DR answer:
No, the mobile apps have been abandoned. They'll work as is for as long as Google and Apple will keep them in their app stores and the device operating systems are compatible.
There's really no reason to use the apps, aside from push alerts. And I'm planning on adding push alerts to the website now that Apple has finally allowed them on Progressive Web Apps.
- Closing Price vs. Previous Day's High or Low
- Volume vs. Previous Day (greater than or less than)
- Closing Price vs. 10-Day Moving Average (above or below)
- Closing Price vs. 20-Day Moving Average (above or below)
- Closing Price vs. 50-Day Moving Average (above or below)
- Closing Price vs. 200-Day Moving Average (above or below)
I am excited to announce the launch of SwingTradeBot's comments / discussion forum! The forum can be reached via the navigation menu at the top of the page. You'll also see some of the forum's comment threads spread throughout the site. Specifically, there are comments in the following places:
- Individual stock pages
- End-of Day Scan result pages
- Intraday Alert pages