More than ever before, computer trading is taking over the markets. There are trade algorithms to execute orders for funds, scalp pennies 1000s of times a day, and even algo's that are designed to trip up other algo's by exploiting weaknesses in the way they work. There are hundreds of companies that have created sophisticated charting packages to help day traders find ideas, including day trading robots. All of this points to the same thing: computers are here to stay, its up to you as a day trader to figure out how to get the best tools to find ideas to make money.
This does not mean throw thousands of dollars at every "hot" product - this usually does nothing to generate anything useful. In addition, each trader can only focus on so many things at a time, so you have to pick and choose the tools you trust to help you very carefully. Some people like to use a day trading robot to help, others like to put together a set of indicators with some basic useage rules and that works for them. The bottom line is you need a decent regimen that is followed to generate ideas that is not based on a whim or a hunch.Those will never be consistent or valuable in the long run because of the sporadic nature of how they are created.
When it comes to computerized tools, there is an additional thing to consider: you can write your own program and indicators and then run them in real time rather than buy someone elses work.This is a good option for the more experienced trader who knows what needs to be programmed.This ends up being very time consuming, as you often spend days of work only to discover that the theory is not valid. In fact, if you go down this path, this will happen quite often but is part of the learning and development process. Some day traders who go down this path will do part of it themselves, then get an outside person to help them finish some difficult parts. Indicators are quite simple as far as complexity, and then you have the other end of the spectrum which is a day trading robot which usually is quite complex because of all the parts that go into creating such a tool, so plan your time accordingly.
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