Playing the Buy on the Bid sell on the ask game

We buit a program for use by our clients that looked for the bid/ask spread to widen to at least 3 ticks (ask- bid = 3 ticks). Upon discovery of such a spread it would then submit 2 orders, one on the bid+1 tick and one on the ask-1 tick becoming the new inside market.

Feedback has been:
Trades are often too fast see.
Overwhelmingly most trades are fast and profitable.
When only one side is taken losses can be large.
Managing such a trade is like riding a bucking bronco, but if you know how to do it it can be quite rewading.
 
Quote from jjw:

We buit a program for use by our clients that looked for the bid/ask spread to widen to at least 3 ticks (ask- bid = 3 ticks). Upon discovery of such a spread it would then submit 2 orders, one on the bid+1 tick and one on the ask-1 tick becoming the new inside market.

Feedback has been:
Trades are often too fast see.
Overwhelmingly most trades are fast and profitable.
When only one side is taken losses can be large.
Managing such a trade is like riding a bucking bronco, but if you know how to do it it can be quite rewading.
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This sounds pretty wreckless to me, depending on the market. Do you have any backtested performance figures on it?
 
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