Are robots a waste of money ? I have a fulltime job and im finding it difficult to find some time to trade while doing fulltime hours and managing a family life.
I will let others comment on robots, but for someone with better things to do then stare at a computer screen all day, I would suggest price action trading using daily charts for entry signals, You only need a few minutes each day to review the charts and you will only be entering a handful of trades each month and they can last from a few days to a few weeks even months in strong trending markets.
While there are robots that have a pretty high success rate, one should always keep in mind that they are not infallible and that they’re based on pure mathematics. They don’t take trader’s psychology into account. If the market is moving due to fundamental news your robot likely won’t profit. Which is why you can’t just turn it on and forget about it while doing something else, you need to observe what is going on while it’s on.