The formulas for elliptic curves and elements moving along such a path can be found here:
Tutorial: Elliptic Motion
The challenge on this watch face was not the height and width of the elliptic curves - these are 1-to-1 from a drawing in CorelDraw. The speed of the planets relative to each other however is not straight forward. The planet with the fastest orbital velocity is Mercury and the slowest is the one furthest away: Neptune. In the elliptic path formulas, however, Mercury has the smallest factor.
Example:
Mecury:
X: (((sin((-(#DWFSS#+20)/20)*pi))*50)+160)
Y: (((cos((-(#DWFSS#+20)/20)*pi))*21)+92)
Earth:
X: (((sin((-(#DWFSS#+38.2)/38.2)*pi))*70)+160)
Y: (((cos((-(#DWFSS#+38.2)/38.2)*pi))*27)+92)
Watch facer (open for inspection):