why its unrealistic.. As there are no risks .. its ideal for retail investors I think..
Why would you say huge capital requirements for it ... 3-4 Lacs should be fine to start with I suppose plus the leverage you get from your broker 
As far as my knowledge goes, its also illegal in India for a retail investor to automate his/her trades :)
You can only buy such a software if
a)You are a direct exchange member
b)You have a customised platform/trading interface that can take the automated signals and induce trade on your behalf. Since its illegal, No brokerage provides this kind of compatibility.
In my mind, Its good that SEBI has these norms in place because it only caters to speculators and short-time investors, both of which are unwelcoming to any society or its companies. The basic reason for stock market is to infuse wealth in good companies, punish the bad ones, give impetus to growth of good companies and democratise money 😃
Most people take to market for speculation but thats not the most profitable way out because if that were the case then you wouldn't hear about people who live so frugally that they only drive second hand cars pounded by hailstones after being named best fund managers of the world and getting their names in the top of the forbes rich list. Investment is a habit, if you nurture good habits the market will gift you and if you nurture bad ones then the market will punish .
Recently enough, the Dow Jones Industrial Average declined by 998.50 points or 9.2 % which was the highest intraday decline since its inception in May 26, 1896 because of which there was a huge uproar when the markets crashed due to such automated trading triggers which basically tipped automated selling signals on and sent the market down in a spiral, because of the same US-the capitol of capitalism-for the first time in its history is going to test financial market circuit breakers which will stop the trading of a particular share for 5 mins when its price fluctuates by 10% up or down in a 5 minute period.
But what in my mind is not speculation or short-term investing?
Something which you thoroughly understand or can predict (but the mathematical probability of which isn't 100%)
Ex - Forex trading is heavily related to economics and news.
like
a) When Lehman went bankrupt, traders sold off positions in stocks and commodities and had to hide in US treasuries (majorly) so the $ went up.
b) When Bernanke said, the US fed was being too generous in printing money-thereby devaluing the dollar- so the $ went down.
Both the situations were highly predictable and patterned.
As an aside, this is why i reiterate India needs more Economists (and not just engineers) who stay in India (and not chair Harvard or Imperial professor chairs 😉 ) to understand the deep implications of such things. Unfortunately, none of that is going to happen anytime soon and atleast the people who understand economics are not much welcome in our MBA society, where as, like i always say, harvard takes in 40% just pure humanities (mostly economics) and 26% pure business grads, about 22% pure science and about 11% engineers-if i divide equally (Don't get me wrong, I don't want to be controversial here).
There is also a big golden rule of the markets, as i see it -
Anything that has no risk is either illegal or is of no value 😉
If anybody is interested, just tell me 
