Hi Maxima,
Strategy is purely for scalping. In my experience there are many scalping opportunities out there but you will need to do some serious logical coding if you wanted to purely automate a scalping strategy as there are so many variables (Hence why I haven't had time to fully automate as yet). But there are still opportunities out there that don't get annihalated in 3 milliseconds, in fact I have seen some opportunities stay for minutes before finally being 'taken out' although the longer the opportunity exists the less probable of a profitable trade (maybe thats just my imagination, but certainly appears to be the way it works!)
Alexander,
I think that somethimes trader intervention can give you the edge in automated trading. I heard rumours a few months ago that one outfit had recognised anothers algo that if a spread bid or offer exceeded a certain lot size it's algo would join the same bid/offer and get some of the cake. From what I remember, outfit 'a' needed to sell a red Euribor 3 month spread that was a tick wide. They knew that someone elses algo would match their volume if they entered a 20,000 lot bid order. They entered the 20,000 lot bid out of general market hours (about 3am or something). The algo then joined the same bid with another 20,000 lots making a total of a new 40,000 lot bid. outfit 'a' then proceeded to pull their bid while simultaniously selling the remaining 20,000 bid sent in by the algo, leaving them with a massive position and no cover. Now i'm not saying that this is gospel, it is just what I heard. I do definately know that I remember the morning as when I walked in the office at 6:30 the spread had already shown a massive culmulative volume which is obviously surprising at that time of morning.
Anyway to stop my rambling, I am just trying to make a point of when sometimes trader intervention can give some edge.
