diff --git a/MIDAS TECHNOLOGIES.docx b/MIDAS TECHNOLOGIES.docx deleted file mode 100644 index 50ebbcd..0000000 Binary files a/MIDAS TECHNOLOGIES.docx and /dev/null differ diff --git a/Midas-Tech.md b/Midas-Tech.md new file mode 100644 index 0000000..3a6b213 --- /dev/null +++ b/Midas-Tech.md @@ -0,0 +1,110 @@ +MIDAS TECHNOLOGIES: Executive Summary + +Mission Statement: + +The goal of Midas Technologies is to develop algorithmic investment software over-time to build a diversified fund of algorithmic trading strategies that yield an above market return on as frequent a basis as possible. + + + +Business Model: + +Build an algorithmic trading Python program, that accurately predicts, and trades shares and options on the price of crude oil. This algorithm will have the goal of getting a given return with a given risk level on a weekly basis. The algorithm will not be used on the market until it has a consistent win rate of 60% and above. We will trade this based on technical indicators + + + +Technology Overview: + +The program will be built like this: + +Price Prediction Models: + +Speculative Indicators: These will be functions that analyze aspects of a news article or other variable to come to a conclusion of how much the price of oil will change in a dollar value. Each indicator needs to print out a predicted price for tomorrow + +Economic Indicators: These will be functions that analyze relationships between different economic factors based on data such as GDP, supply, demand, and USD. Each indicator need to print out a predicted price for tomorrow + +All prices will be fed into a weighted average formula. The formula will show the predicted price at market close tomorrow. The weights represent the percentage the market thinks that particular indicator is important + + + +Market Importance Ranking + +Based on optimizing of the above problem to minimize margin of error, we will find the weights. These weights will be the backbone of our predictions and we + +must test them continuously to find the most accurate price prediction. + + + +Trading Bot + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + +MIDAS TECHNOLOGIES: Roles and Responsibilities + +Board of Directors: + +Jacob Mardian: 1 Vote + +Equity: 33.33% + +Role: + +Responsibilities: Business paperwork, research, learn more about trading strategies, code trading bot + +Griffin Witt: 1 Vote + +Equity: 33.33% + +Role: Chief of + +Responsibilities: Building the intrinsic evaluation system. Finding the relationships between different economic and measurable factors to determine a price + +Collin Schaufele: 1 Vote + +Equity: 33.33% + +Role: Chief of Systems + +Responsibilities: Building speculation model that finds an estimated price based on as many possible speciulative indicators as possible and get a license + + + + + + + + + diff --git a/MidasTech.md b/MidasTech.md deleted file mode 100644 index c282834..0000000 --- a/MidasTech.md +++ /dev/null @@ -1,12 +0,0 @@ -MIDAS TECHNOLOGIES: Executive Summary - -Mission Statement: - -The goal of Midas Technologies is to develop algorithmic investment software over-time to build a diversified fund of algorithmic trading strategies that yield an above market return on as frequent a basis as possible. - - - -Business Model: - -Build an algorithmic trading Python program, that accurately predicts, and trades shares and options on the price of crude oil. This algorithm will have the goal of getting a given return with a given risk level on a weekly basis. The algorithm will not be used on the market until it has a consistent win rate of 60% and above. We will trade this based on technical indicators -