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With VPS you get 24/7 stable connection for a small fee. But if you have a computer running 24hrs and have good stable internet connection with low latency, you can use that too!
VPS is required if your internet connection is not stable or you don't have a computer running 24/7.
In my case as I always leave my computer on I use it to run my EAs, otherwise I'd have to get aVPS for myself
No, VPS is not mandatory as you can simply use any computer that you want and just run it 24 hrs, 5 days a week (Monday to Friday) and you are good to go. However, the bad news is, you would need to face with the risks of sudden PC failure, unwanted shut down & restart, PC operation freeze problems and also internet break down, WIFI and internet cable problems, other unforseen circumstances such as electricity shortage and etc. If you do not want any of those problems to happen which could bring unnecessary problems or damage to your trading, then VPS is simply your best choice to avoid all those unwanted issues. Simple as that.
VPS is required for a variety of bots. These bots would include everything from RSI tools to price viewing tools. Many bots will come with several options for using a VPS or not; it is entirely up to you.
There are, however, some bots on the market that do not require VPS systems. Because most popular solutions are now web-based, there is no need for separate bot hosting because the bot is already hosted on the cloud.