I don't know, but it seems to be. In general though, if there are easy profits to make it is because someone on the other side is willing to lose "a small amount of money" for a long time knowing that when things change they will make a ton of money fast, on the backs of all the people they lost to.

For starters, if you can make money in automated trading, why would you not make all the possible money yourself instead of telling other people (or writing the software) and splitting the profit? This question is one I ask anytime someone mentions easy trading, and because I've never heard a good answer I stay away.

To do better than average is possible, but it requires a lot of deep study.