Trade Like the Professionals
When systems traders mention coding, they are referring to writing code for their trading software.
What is coding?
Trading software is specialized and it is recognized that users will want to make changes to the coding by introducing new systems or making amendments to rules and parameters of existing systems.
The most direct way of doing this would be to change the coding of the program. If the program is written in C++ then you have to know this language, of course if you propose to alter the coding.
Working at this level is difficult for users of the software because they need to be proficient programmers and this is asking a lot. For this reason, good software makes provision for changes that does not require a deep knowledge of the programs or language.
This can be done, for example by providing a high level ‘pseudo code’ language or other ‘parameter driven’ ways which do not involve any coding at all.
Trading software that makes the task of changing systems easy, offers very important advantages:
- Accuracy: Errors are avoided when it is easy to make changes and this avoids disillusionment on the part of users
- Opportunity: When it is easy to make alterations, reluctant coders will become interested in producing their own systems and all traders will take advantage of the opportunity to try more alternatives.
- Speed: If changes can be made quickly, this saves precious time.
Copyright David Bromley 2006
All Rights Reserved.
David Bromley helps
new and aspiring systems
traders establish a complete
trading method to compete
with the professionals