Information for INTERACTIVE BROKERS customers

Interactive Brokers (IB) is a low cost provider of trade execution and clearing services for individuals, advisors, proprietary trading groups, brokers, and hedge funds. IB's premier technology provides electronic access to stocks, options, futures, forex, bonds and funds on 80 markets from a single IB Universal account. IB charges competitive commissions and marginrates.

Using the scan output of Price Action Lab™ with IB's API:

Price Action Lab™ (PAL) is a software program that analyzes market price action based on user-defined performance statistics and risk/reward parameters and achieves that by searching equity, futures or forex historical daily or intraday data in a fully automated way. The program offers three main functions: search for price patterns, scan for price patterns and P-Indicator calculations. Position and swing traders can use the scan function to identify price patterns formations in stock, futures or forex markets, output the results to a file and then use the Interactive Brokers API to write a program to generate the orders. Alternatively, the search function can be used to discover historical price pattern formations and PAL can generate the code necessary to program the IB API. Please read our disclaimer before you consider using the output of Price Action Lab to generate any orders.

The important thing to know is that the information generated by the scan function of PAL can be saved in CSV format and the resulting file can be used to read the symbol or contract name and other information needed to generate the order.

Below is an example of the output of a stock scan saved in a CSV file, which contains the following information:

The above file can be used to generate orders automatically with a program developed using the IB API. For more information about the IB API please contact Interactive brokers. We cannot provide any support related to the API functionality and use.