The system just created a long signal at 1294.00 on the 12 minute chart. As I said, I need to study the stop loss placement a bit, so as not to get whacked during the 12 minute period and also not get stopped out without needing to.
It satisfies my need for "activity" and more sampling a little better than the 15. Also, I think it reacts just a bit quicker than the 15. I suspect that this may work on any time frame if stuck to. Commissions might be the issue for the number of trades.
Right now I am looking at the next reversal point as being the proft target. The idea would be to let the profit run hopefully at least once a day this way
It's a bit crude, but I marked some of the areas so you could get the idea. Also marked the divergences as I saw them. Addendum--there was also a divergence at the early morning hour signal that I failed to mark before I uploaded.
