Once you get through all the books and courses you might take to learn to trade, it comes down to finding quality ideas in a timely fashion. Some people subscribe to chat rooms with other traders, some people like to watch real time news, and others like to program computers to scan the market or use a day trading robot to help them find ideas in real time to make money.
One of the advantages of using a day trading robot is that it is completely unbiased in its ability to find the same patterns over and over. The real key is finding a day trading robot that is reliable in its stock picks and is easy to use.This is of course no easy feat, because there are a ton of impostors and stuff that used to work but now is of little use because the market changed but the robot was not able to adapt.
One key component of any day trading robot that should be essential is the ability to find stuff in real time, but give you enough time to actually act on the information it provides. It does no good to use a day trading robot that scalps something so fast that you cannot even get an order in should you choose to follow what it is doing. Of course in this situation, you could just let the day trading robot trade your account for you, but I know a lot of traders are really uncomfortable with that notion and they like to retain control.In addition, there are always things each day that require human intervention because a day trading robot is not designed to handle that situation.
Any trader looking to make use of a day trading robot to find ideas should realize the limitiations and use it as a great tool to find additional ideas to trade.It is fantasy land to expect a trading robot to be right 90-95% of the time, or for it to make 40% every month in your account. I can tell you 100% anyone who has such a tool would never sell it or lease it out - they would be living on a private island off the wealth it creates daily. This does not mean day trading robots are not useful, you just need to have realistic expectations to get the maximum usefullness out of them.
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