Jesse v1.12: Easy strategy Monte Carlo and more — Transcript

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1. 0:00Hey guys, so today I released version
2. 0:021.12 of Jesse and I cannot wait to show
3. 0:04you what's new. So let's get right into
4. 0:06it. Now before I show you the first
5. 0:08feature that I added, there is one
6. 0:10critical thing you need to be aware of
7. 0:12and that is if you already have a J
8. 0:13project, which I assume is all of you
9. 0:15guys watching this, you need to open
10. 0:17thev file of your project. Now this is a
11. 0:19default file. Now here I'm using example
12. 0:22but for you it's going to be just and in
13. 0:24it you have the default password of the
14. 0:27dashboard or the default port and things
15. 0:29like that right but one value is new and
16. 0:31you need to add it and that is lsp port.
17. 0:34So add this value by default it is 91
18. 0:37but if that port is occupied on your
19. 0:39machine for whatever reason feel free to
20. 0:41change this. Now the other file that you
21. 0:42need to update is the docker compos file
22. 0:44of your project. This is of course if
23. 0:46you are running Jesse with Docker which
24. 0:48is going to be many of you guys
25. 0:50including myself for my production
26. 0:52server but for my local machine which I
27. 0:53do research I went with the native setup
28. 0:56but anyways so you need to open this
29. 0:58file and find this port option here and
30. 1:00after you know 9,000 9,000 or after this
31. 1:04one it doesn't really matter you need to
32. 1:05add this value the reason you needed to
33. 1:07add that value is because now we have
34. 1:09our very own Python language server and
35. 1:11the reason you needed to add that value
36. 1:13in the MV file is now we have our very
37. 1:16own Python language server and what that
38. 1:18means is if you open the built-in code
39. 1:20editor of Jesse you will no longer get
40. 1:23some general autocomplete you will get
41. 1:25like intelligent ones so here's what
42. 1:28that means so if I write TA dot now I
43. 1:31will get a complete list of all the
44. 1:33built-in indicators of Jessie so for
45. 1:36example if I want to use the comma
46. 1:37indicator or EMA or SMA or SRSI you see
47. 1:43I will get all of them And I can also
48. 1:45see the accepted parameters with the
49. 1:47default values etc. So you no longer
50. 1:50need to install an IDE just so you can
51. 1:53use Jesse. Now many of you guys are
52. 1:55developers and you prefer having an ID
53. 1:58like cursor or whatever and that's
54. 2:00perfectly fine. I get you. But if you
55. 2:02are like a researcher and you are not a
56. 2:04developer and you don't want to do that,
57. 2:05that's perfectly fine. or but even if
58. 2:08you are a developer sometimes you're
59. 2:09just running your instance on a remote
60. 2:11server and maybe you want to make a
61. 2:14quick modification to your strategy
62. 2:16right within the server right so in
63. 2:17those cases now you're going to have a
64. 2:19complete intelligent auto complete which
65. 2:22will be very helpful so let's delete
66. 2:24this so that's basically it why we did
67. 2:26this but the other thing that you will
68. 2:28see is that if you open the strategies
69. 2:30page now you will see a complete list of
70. 2:33the strategies that we have hosted on
71. 2:35our website submitted either by me or
72. 2:37our community members. And that means
73. 2:40you no longer have to open our website,
74. 2:42see the strategy, copy the code, come
75. 2:44here, create a new one, and paste the
76. 2:46code. You can just click a button and it
77. 2:49will be imported for you. Now, I already
78. 2:51have this. So, for example, if I look up
79. 2:54the turtle strategy and come here. So,
80. 2:58this one I don't already have. So, if I
81. 2:59click on the import. All right. So, it
82. 3:01says I already have it. So, let's delete
83. 3:04this.
84. 3:06So you can do this and now if I click
85. 3:09here you see it will just import it
86. 3:12instantly. So this is way more
87. 3:14convenient that what we had before. Next
88. 3:16the most exciting feature of this
89. 3:18release is the Monte Carlo page. If you
90. 3:20open the new dashboard you can find a
91. 3:22new option has been added to your header
92. 3:24and that is the Monte Carlo page. If you
93. 3:27click on it, you see it looks very much
94. 3:29similar to the optimization page, but
95. 3:31this one is for running monol
96. 3:32simulations. And we have two types of
97. 3:34it. Trade simulation and candles. I
98. 3:36already covered the difference between
99. 3:37two options in this video which I
100. 3:39released like a month ago. But back then
101. 3:41you could only run it via the script
102. 3:42that I wrote for you guys. But now we
103. 3:44have it right within the dashboard. So
104. 3:46for example, we can give it a duration,
105. 3:49select whichever type you want. We can
106. 3:50give it the number of scenarios, change
107. 3:52the type of it. And the default is
108. 3:54moving block bootstrap which is good for
109. 3:55most people. And we can change the batch
110. 3:58size, enable or disable the fast mode.
111. 4:00And now if I run this,
112. 4:03and by the way, this is going to take a
113. 4:04while to begin. It's just like the
114. 4:06optimization mode, right? Maybe a little
115. 4:08bit faster than that, but it also
116. 4:09depends on the number of scenarios that
117. 4:11you select. So here I can see the Monte
118. 4:14Carlo trades with a beautiful chart. And
119. 4:17I can also see the table which tells me
120. 4:19like what's the max ro done for the
121. 4:20original back test in the worst 5%
122. 4:23median or the best 5% of them. And here
123. 4:25I have another table for the candle. So
124. 4:28this one is like a stress testing your
125. 4:30strategy. Now by the way if you want me
126. 4:31to create a separate video just
127. 4:34explaining these concepts about Monte
128. 4:36Carlo let me know down below in the
129. 4:37comments. Now here we have another
130. 4:40beautiful chart. We have this table
131. 4:42which tells us the original back test
132. 4:44like what was it max draw down or the
133. 4:46sharp ratio and here as you can see like
134. 4:48it was 1.18 for the original for the
135. 4:51median it was 1.82 for the best 5% it
136. 4:54was 3.21 which tells me that the chances
137. 4:57of the strategy and the results that I'm
138. 4:59seeing here being overfit is actually
139. 5:02pretty low. So that's why we added
140. 5:04because back then we didn't know if the
141. 5:06strategy is overfitit or not. So you
142. 5:08just had the back test results but now
143. 5:10we have the Monte Carlos which is really
144. 5:12helpful for both seeing if the strategy
145. 5:15is overfit or not and second for doing
146. 5:17the position sizing. So for example I
147. 5:19can see the max for my original back was
148. 5:22- 90%. Right? But for the worst case it
149. 5:26was minus 29%. Now by the way this is a
150. 5:29mistake I will fix it later. So the
151. 5:31worst max done would have been this one
152. 5:34not this one but anyway so in the worst
153. 5:36case it was minus 29%. So that means if
154. 5:38I want to ensure that I never lose let's
155. 5:42say more than 20% I need to lower the
156. 5:44size of my positions a little bit in
157. 5:46this strategy. So that's how you can use
158. 5:48this feature. It's pretty awesome. Now
159. 5:50besides that we also have the logs here.
160. 5:52So if one of the scenarios is getting an
161. 5:54error you can see the error right within
162. 5:56here and you can fix it. So for example,
163. 5:58it's saying that the order price must be
164. 6:00greater than zero. So this happens in
165. 6:02some cases with the simulations. If it
166. 6:04happens just a few times, don't worry
167. 6:06about it. But there could be a case
168. 6:08where you run simulation and you don't
169. 6:10see any lines here, right? So you're
170. 6:11wondering what's happening here like
171. 6:13what's causing the issue, you can just
172. 6:14find the logs and you can see
173. 6:16everything. Next, we have the history
174. 6:17page. So let's say you ran a Monte Carlo
175. 6:20before and you really like the results.
176. 6:22You can just come here and load it
177. 6:24again. You can also add some notes to it
178. 6:26so that in the future you can find it
179. 6:28very easily or by simply running a
180. 6:30search for it. You can also pip
181. 6:32previously existing options. So suppose
182. 6:34that you have run like hundreds of
183. 6:36scenarios and your database and files
184. 6:38are getting a little bit heavy, you can
185. 6:40just come here and delete the ones that
186. 6:41you don't use anymore. And also if at
187. 6:44some point you wanted to know okay in
188. 6:46that point when I ran that Monteol
189. 6:48simulation, what was the exact code that
190. 6:50I was using? because maybe you have
191. 6:52changed your strategies code since then,
192. 6:54you can just click on this view strategy
193. 6:56button and it will show you a snapshot
194. 6:58of your strategy in that moment. And if
195. 7:01you want to change the number of CPU
196. 7:03cores that are being used for this
197. 7:05simulation, you need to go to the
198. 7:07settings under the Monteol section. You
199. 7:09you'll be able to change the number of
200. 7:11this and maybe you want to change the
201. 7:13starting balance and things like that.
202. 7:15You can also do that here. Now these
203. 7:17were the new features that we added but
204. 7:19we actually implemented countless amount
205. 7:21of bug fixes and improvements to the
206. 7:24dashboard of Jesse and also I completely
207. 7:27refactored the websocket connection that
208. 7:30is used for Jesse's dashboard and back
209. 7:31end to communicate with each other and
210. 7:33things are significantly more reliable
211. 7:35right now. So you will no longer need to
212. 7:37restart Jesse itself just to get rid of
213. 7:40some kind of bug which wasn't happening
214. 7:41that much but things are way more and
215. 7:44remember that in the coming months I'm
216. 7:46going to release Jesse 2.0 which is
217. 7:48going to have a completely new version
218. 7:50of the live trading session where you
219. 7:52can add your own indicators to the
220. 7:54chart. You can customize the dashboard a
221. 7:56little bit. We will have full database
222. 7:58synchronization so you can browse the
223. 8:00previously submitted orders and trades.
224. 8:02And next year I'm going to work to add
225. 8:04agents to the platform so you guys can
226. 8:06use them to do research for you. And
227. 8:09we're going to have machine learning
228. 8:10models. So overall things are about to
229. 8:12change drastically and you don't want to
230. 8:14miss it and this is the best way to do
231. 8:16that. And remember that our licenses are
232. 8:18lifetime. So if you purchase it once,
233. 8:20you won't have to worry about it again.
234. 8:21But the main reason you guys would want
235. 8:23to do that is to just support the
236. 8:24project. because if it wasn't because of
237. 8:26the guys who already purchased a premium
238. 8:28account in the past, I would not have
239. 8:30been able to continue the development
240. 8:32for I think more than 5 years now. So, I
241. 8:35also want to thank all of you guys who
242. 8:36already did and supported me during
243. 8:38these years. So, that's it for now.
244. 8:39Thank you for watching. I'll see you in
245. 8:41the next one.