Opening Range System: Automation for trading clarity at the start of the day

August 8th, 2024
 

In the recent NinjaTrader Ecosystem webinar, “Unlocking Profit Potential: ORS Opening Range System Explained,” Jacob Royall of StratGeeks demonstrated how traders can refine their strategies by equipping themselves with actionable knowledge to help enhance their trading.

Royall’s automated Opening Range System (ORS) leverages the critical initial market movements to inform trading decisions. His ORS fusion strategy can educate and empower traders of every experience and skill level.

Opening range traders are prepared traders

Royall said, “Trading without the ORS is like trying to plan a camping trip without checking the weather forecast first.” Before Royall started using the ORS, splitting it up and using standard deviations, he felt unprepared for the trading day. The ORS strategy enables traders to end the guesswork and gauge the market within the first 15 minutes of the trading day.

“My big thesis is that although the world of trading looks messy and chaotic, if you translate it into the world of numbers and shapes, patterns emerge and you start to understand why things are the way they are,” Royall said, quoting famous mathematician Marcus du Sautoy.

This is especially true when you’re first starting out, when trading looks messy and chaotic. There is both rhyme and reason to trading—and the more experience you have, the more those trends or patterns become familiar.

Royall goes in depth on his ORS in the full presentation. Watch a sample clip here:

Interested in more futures trading tips?

Enter Email for Updates