Holmberg, Ulf; Lönnbark, Carl; Lundström, Christian - Institutionen för Nationalekonomi, Umeå Universitet - 2012
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...