111 lines
2.4 KiB
Markdown
111 lines
2.4 KiB
Markdown
MIDAS TECHNOLOGIES: Executive Summary
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Mission Statement:
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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.
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Business Model:
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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
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Technology Overview:
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The program will be built like this:
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Price Prediction Models:
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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
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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
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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
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Market Importance Ranking
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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
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must test them continuously to find the most accurate price prediction.
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Trading Bot
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MIDAS TECHNOLOGIES: Roles and Responsibilities
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Board of Directors:
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Jacob Mardian: 1 Vote
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Equity: 33.33%
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Role:
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Responsibilities: Business paperwork, research, learn more about trading strategies, code trading bot
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Griffin Witt: 1 Vote
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Equity: 33.33%
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Role: Chief of
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Responsibilities: Building the intrinsic evaluation system. Finding the relationships between different economic and measurable factors to determine a price
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Collin Schaufele: 1 Vote
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Equity: 33.33%
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Role: Chief of Systems
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Responsibilities: Building speculation model that finds an estimated price based on as many possible speciulative indicators as possible and get a license
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