Have you read Flash Boys by Michael Lewis? You might get some ideas in there that could be applied. I think there is a question of whether any of the bitcoin markets are liquid enough at the moment though. :-)
even if you are you picking up nickle and dimes all the time on a market, there are hundreds of markets.
Exactly. They add up quickly as long as you can execute the trades properly.
the algorithm for a scalping seems very straight forward.
buy coin
calculate fee
is lowest sale price still a profit?
if yes{
post sale .00000001 lower than lowest seller
}
if no {
do nothing, leave it on the board.
}