Be careful, eduk's version is not implementing fixes from tobli's v0217 and v0218 (v2 api etc.). Furthermore, I strongly advise you not to use sampling intervals shorter than 15 minutes: I started with 10m, and lost a lot even with high thresholds. I'm better off with 30m now!
Yes, be careful with very short intervals...
I advice everyone that uses this bot to check out Goomboo thread that describes the strategy that this bot uses:
https://bitcointalk.org/index.php?topic=60501.
I quote from his second post in that thread:
"I caution against the lower timeframes because for the most part, they are just noise. The spread is so large and the market is so thinly traded that if you are trying to make money on a chart of less than an hour, it can be very difficult."