Great site. OP might find http://collective2.com interesting as well. Lots of medium-frequency algorithms that might be more accessible if you can't pay big bucks to colo.
No, I was playing around with creating some basic strategies a while back using MetaTrader4 (http://www.metatrader4.com/) to see how it works when I discovered that site. Never got around to trying other peoples'.
The site is still building critical mass, but most of the current users are experienced quants & HF traders. (Disclaimer: I launched the site)