Maximus,
Welcome to JavaRanch!
For the benefit of future readers, I'm going to mention that WASCE = WebSphere Application Server Community Edition (Geronimo.) This should have been obvious, but I didn't realize it on first read.
Usually people use localhost when
testing locally and myproject.com when testing on the server that maps to that domain. If you really wanted to use myproject.com locally, you could map your operating system's DNS listing to have myproject.com map to your local IP. This would preclude you from asking myproject.com on the internet of course.
Changes to JSPs should pick up automatically. It's changes to other files that need the restart. I think this is similar to how it works for PHP. From what I remember, PHP files are similar to JSPs?