What's new in version 1.7.0? — Transcript

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1. 0:00It's been a while since I published a
2. 0:02video about a release that I just
3. 0:04published. In the past few weeks, I
4. 0:05published so many releases and almost
5. 0:08all of them were about increasing the
6. 0:09reliability of the framework both for
7. 0:12backtesting and live trading. However,
8. 0:13today I released version 1.7 which has
9. 0:16two things that I think are really
10. 0:18important. Especially one of them adds a
11. 0:20new feature that is just amazing. But I
12. 0:23also want to mention the other thing
13. 0:24that it adds which is it removes Talib
14. 0:26as a painful dependency that we had
15. 0:29which made the native installation for
16. 0:31some people. And by removing that,
17. 0:33setting up Jessie natively on almost any
18. 0:35machine has become so easy. And starting
19. 0:37this week, I'm going to release a
20. 0:39step-by-step tutorials on how to set up
21. 0:41Jessie on macOS, Windows, and Ubuntu
22. 0:44machines. So with that out of the way,
23. 0:46let's get to the feature that I wanted
24. 0:48to show you. All right. So because this
25. 0:49feature is related to backtesting, I'm
26. 0:51going to execute one backtest just as an
27. 0:53example so that I can show it to you in
28. 0:55action. So I'm choosing the Bybit USDT
29. 0:57perpetual as my exchange. As for the
30. 1:00symbol, I'm choosing Tron USDT.
31. 1:02And the time frame is 1 minute and this
32. 1:05is a custom strategy that I wrote which
33. 1:07is super risky. I don't want to get into
34. 1:09the logic of the strategy but I think
35. 1:11it's good for demo purposes. So as for
36. 1:14the duration, I'm choosing 20th of
37. 1:16January
38. 1:17up until the next day. So this is just
39. 1:19for 1 day. And because this feature is
40. 1:21related to interactive charts, you need
41. 1:23to make sure this option is enabled and
42. 1:26everything else is fine. Right. Let's
43. 1:28run it.
44. 1:30And here's the result.
45. 1:32It made crazy money. Again, this was an
46. 1:34extremely risky strategy. Anyways, it
47. 1:36executed 22 trades
48. 1:39and here are some other factors that we
49. 1:41can see.
50. 1:42Now if I go to the view charts, now you
51. 1:43remember on this page we were able to
52. 1:46display some indicators whichever we
53. 1:48wanted to which was really cool. And we
54. 1:50could also see the trades, right?
55. 1:52Just like this.
56. 1:54So you see we entered a short position
57. 1:55here and we closed it here. But in this
58. 1:58one we shorted here, we shorted here, we
59. 2:00shorted here and then we close it here.
60. 2:01So it took us some time to close. But
61. 2:04how do I know this?
62. 2:05Cuz if you pay attention, it's not super
63. 2:07clear, right? Well, here's a new
64. 2:09feature. If I click on this show trades,
65. 2:12I can see a table of the trades that it
66. 2:13took. And I can also see the P&L of each
67. 2:16trade. I can see its quantity and its
68. 2:19entry price. So for instance, let's see
69. 2:21which one was my biggest trade.
70. 2:24It was this one, right? And if I want to
71. 2:27find it on the chart, now I can click on
72. 2:29this button and it will take me here.
73. 2:33Right? So this is where the trade began.
74. 2:36It's again kept shorting it, kept
75. 2:38shorting it and then it hold the
76. 2:40position until it closed it here. Now,
77. 2:43let's say I didn't know this was also a
78. 2:46part of this. I could just expand this
79. 2:48trade and here are the orders. So I can
80. 2:51click on this. So this is the beginning
81. 2:53order. Again, this is selling. This one
82. 2:56is also selling and this is the last
83. 2:58order which closed it. So I can see the
84. 3:00quantity here. I can see the order type.
85. 3:03And if I want to see even more details,
86. 3:05I can just click on any of the orders.
87. 3:07And firstly, I can see the details of
88. 3:10that single order in here. So this was a
89. 3:12buy order, this is its type, the
90. 3:14quantity and the time it was executed
91. 3:16and created. But I can also see more
92. 3:18details about the trade itself. So this
93. 3:20was the entry price, this was the exit
94. 3:21price, the quantity, the size which is
95. 3:25the value of the trade, the P&L, the P&L
96. 3:27in percentage, the fees that we paid and
97. 3:30the holding period. So for this trade, I
98. 3:32can see I hold the position for 2 hours.
99. 3:34This is when it was open and this is
100. 3:36when it was closed.
101. 3:38So there you go, guys. I think this is a
102. 3:39game-changer when it comes to doing
103. 3:41research for a strategy because it
104. 3:43allows me to find my best and worst
105. 3:46trades very quickly so I can see them on
106. 3:48the chart. And maybe I can even display
107. 3:50some indicators alongside with it so I
108. 3:52can use that data to maybe filter out
109. 3:54some of the trades that I shouldn't have
110. 3:55been taken, or maybe I can see which
111. 3:57trades are working, so I can adjust my
112. 4:00strategy to maybe only take those
113. 4:02trades. Now, of course, we need to be
114. 4:03careful about overfitting here, because
115. 4:05if you try to only keep the trades that
116. 4:07are good and leave out any losing trade,
117. 4:10you're going to overfit your strategy.
118. 4:11But nonetheless, this is an invaluable
119. 4:13tool, and I'm glad that we have it now.
120. 4:15Thank you guys for watching. I will see
121. 4:17you in the next one.