Comment by XenophileJKO

Look, it isn't fool proof and it is dangerous. With the current models you need to understand both markets and model biases and dynamics.

However with that said they are a huge multiplier and can tirelessly analyze the market for you.

They certainly can be used to beat sp 500 quite easily, but again that requires some understanding of risk on your part because the models will do what you ask them. If you go all in on options or something without clear risk management you will lose your ass.