A Profitable Day Trading Strategy For The U.S. Equity Market
This study assesses the 5-minute Opening Range Breakout (ORB) strategy for day trading, analyzing over 7,000 US stocks from 2016 to 2023. It highlights a 1,600% net gain and a Sharpe ratio of 2.81 with high-activity stocks, offering a novel insight into specific intraday stock performance.