Once someone has mastered the basics of trading, the biggest hurdle is actually finding good ideas to watch for a trade. 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 key reasons to use a day trading robot is that it applies a set of formulas in exactly the same way every time and is unbiased by outside factors. The real key is finding a day trading robot that is reliable in its stock picks and is easy to use. Of course, this is no easy task as there are a lot of imposters out there or more likely, stuff that used to work but no longer does because of changing market conditions that the day trading robot cannot adapt to.
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 nuances that occur each trading day that a computer program cannot take into account but a human trader can.
Anyone looking to use a day trading robot should be aware of limitations and plan to use it as a part of an overall trading plan.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.In order to get the maximum benefit from using a day trading robot, you need to have realistic expectations for performance.