Apparently "a third of all stock trades in the United States were driven by automatic algorithms last year." I personally know day traders and this article states there are tools for people to easy create rules. The cool thing this article is talking about, though, is that the rules are now being created, implemented, and altered based on their success, entirely by computers - "neural networks" and "genetic algorithms". Seems like it would be difficult to compete with these systems. Though "complicated stock-picking methods" have been to more or less a degree used for decades, these newer methods have recently "achieved a widespread use unimaginable just five years ago."
http://www.iht.com/articles/2006/11/23/business/trading.php
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