There's a macro recorder that lets you perform actions just like you normally would, and writes these actions to a macro as readable statements. You start recording a macro with it, then hit control-downarrow to go to beginning of the next paragraph, then hit control-shift-rightarrow to select a word, then apply some formatting, then stop the macro recording. Play the macro a few times to make sure it works. Then open the macro for editing and try add a loop around it.