This week we completed our project plan but as a group we still felt that we needed more direction from our sponsor. So we met with him today about the goal of the project which he gave us great clarification on what is expected from us.

Essentially what we are doing is a research project of possible algorithms for stock investing against 10 different ETFs. But, we want to build our algorithms against 4 specific rules which are the following: A trend has a higher probability of continuation than reversal, momentum precedes price, trends end in a climax, and the market alternates between range expansion and range contraction. This week our team is set to getting all of the tools set up and begin working on possible algorithms for this project. We may find roadblocks along the way but we have our discord channel set up to help assist each other through potential problems.

I think after this last meeting our group feels a lot more confident in what is expected of us and what we are to do. I believe that we will have pretty great success with this project. Originally we thought we were building a trading algorithm application. But once we found out it was more research oriented versus a completed polished product we all became a lot for comfortable. Since this project does not need a polished product in the end. It just requires research and development of trading algorithms and the results of the algorithms that we created. We will also be comparing our algorithms with that of the other types of trading techniques like buy and hold technique.