Using a bot under certain circumstances may be a good idea but you should not let it run alone for a tool long time. Then just trading on reversals, a form of trading implied by your strategy is not a good option. Why choosing double instead of 20% or 300%?

I also realize that algorithmic trading is obsolete, AI replaces algorithms. Sure, Ai itself is based on standardized functions in interpreting the data but it is totally different from traditional algos, because it allows you to train the machine and refine the code.

My point is that one needs to combine different methods for successful trading. You cannot expect a bot seeing certain things that you can. Same with AI, you cannot see some correlations, which a machine, fed with proper data, can analyze with better results.