The next generation of great traders will have the knowledge of coding at their disposal. This will add a great deal of functionality to their trading setups. Many of the old-school traders are either scrambling to learn the code, or hiring people similar to us to code for them. One common myth is that you need to be a Microsoft level developer to be able to code systems for automation and signaling trades. The truth is that anyone can learn it, and it doesn't take that much skill in the way of math either. However, a higher math skill is very beneficial. Logic is really the basic principle that guides scripting for trading platforms. We will be offering free tidbits in our blog to help with some of the scripts. Then, we will also be offering a subscription to our scripting videos that teach the basics of language writing and chart making.
Here is an example of some of the abilities one can grasp with a lower than expected knowledge of Excel. Through services like Yahoo, and Thinkorswim, or Interactive Brokers you can get real-time data pumped into a spreadsheet. And that can give you a powerful radar screen that is completely custom. Below is a sheet showing the stocks and ETFs that were trading above their volume average today, all pumped in every second.
