Thanks, but isn't that something one would gain a significant advantage from lower network latency? I guess you could could come up with some method do calculate "significant" time periods...
I was thinking about hooking it to a web site and letting people set their spreads. Etc and let it manage a few BTC for them, With MTgox new API you can delegate what you will let some one do on your account. This type of bot if it controls enough capital can help to stabilize the price. As it is always in direct opposition to the price movement.