Hi you can do this using magento event and observe and on create an event on catalog_product_save_after and check on obsever child product are out stock an set configurable accoring to ite
<global>
<events>
<catalog_product_save_after>
<observers>
<stockalert>
<type>singleton</type>
<class>check/observer</class>
<method>autoupdatemy</method>
</stockalert>
</observers>
</catalog_product_save_after>
</events>
</global>
and observer.php
public function autoupdatemy($observer)
{
try{
$isstcok=false;
if($observer->getEvent()->getProduct()->getData('type_id')=='configurable'){
$ConfiProduct=$observer->getEvent()->getProduct();
$allProducts = $ConfiProduct->getTypeInstance(true)
->getUsedProducts(null, $ConfiProduct);
foreach ($allProducts as $product) {
/* check one child product is out of stock */
if($product->getIsInStock()==1):
$isstcok=true;
endif;
}
/* load configuale product stock object */
$stockItem = Mage::getModel('cataloginventory/stock_item')->loadByProduct($ConfiProduct);
if($isstcok=true):
$stockItem->setData('is_in_stock', 1);
else:
$stockItem->setData('is_in_stock', 0);
endif;
$stockItem->save();
}
}catch(Excpetion $e){
Mage::log(print_r($e->getMessage(),1),'null','mage32173.log');
}
return;
}