Holmberg, Ulf; Lönnbark, Carl; Lundström, Christian - In: Finance Research Letters 10 (2013) 1, pp. 27-33
Is it possible to beat the market by mechanical trading rules based on historical and publicly known information? Such rules have long been used by investors and in this paper, we test the success rate of trades and profitability of the Open Range Breakout (ORB) strategy. An investor that trades...