It is 2nd part of a series of articles explaining how to use the Aladdin or Jasmine indicator. The 1st article (Link: https://joy-bangla.medium.com/to-use-or-not-to-use-part-1-a00c6c67e6f)showed my decision process on whether to use the indicator.

This article will take you with the same hypothetical example of choosing the 2 day timeframe.

Timeframe

The timeframe is one of the most crucial pieces of the puzzle for my decision making. Choosing the wrong timeframe may end up causing more problems than I can take.

The process involves following the steps below:

  1. I chose the coin and add the indicator on Trading View
  2. I check different timeframes until I find one where the profitability is at least 80% or above. I also examine the net profit and drawdown.

Results

Let us see below some results:

Below is the result using Jasmine on 12 hour timeframe. The result is very sub-optimal.

Below is the result using 1 Day timeframe. Even though the profitability is ok at 71%, the net negative profit & drawdown does not tickle my brain.

Below is the result from the 2 day timeframe. The result tickles my brain. I have 91% profitability and better than buy&hold net profit.

Below is the result using the weekly timeframe. The weekly is not so bad.

Considering overall results, it is easy to see why I have chosen the 2day timeframeNote

Note

If I were thinking of using Aladdin, I would also backtest the same way for my initial decision making. The indicator only provides the data. The decision is individual.

Disclaimer: Please remember that past performance does not be indicative of future results. Different types of investments involve varying degrees of risk. There can be no assurance that the entertainment information referred to directly or indirectly in this newsletter (article) will be profitable, equal to any corresponding indicated historical performance level(s), or be suitable for you in any form or shape. Due to various factors, including changing market conditions, the content may no longer reflect current opinions or positions. Moreover, it would be best if you did not assume that any discussion or information contained in this newsletter (article) serves as the receipt of, or as a substitute for, personalized investment advice from your financial advisor. I am not a financial advisor. I have no qualifications to be a financial advisor. It is only for entertainment purposes. Do not misuse it in any other way. To the extent that a reader has any questions regarding the applicability of any specific issue discussed above, he/she is encouraged to consult with a professional advisor of his/her choosing. Neither I nor my indicators take any responsibility for any misuse of the information for any actual trading. I do have crypto positions in real life.