It tests the "Open Range Breakout" (ORB), where an investor identifies large price movements that exceed a predetermined threshold early in the trading day.
It explores the tension between wilderness and civilization , the "frontier myth" in American self-understanding, and the psychological trauma of the main characters. Open Range
The researchers found that their specific ORB strategy, based on normally distributed returns, resulted in significantly higher returns than a "fair game" (random) approach, suggesting that mechanical trading rules based on historical data can still find market edges. Other "Open Range" Contexts: It tests the "Open Range Breakout" (ORB), where