Hi Ray

I have studied the course several times, there are still some questions that I'd like to ask.
1. Can you clarify your trading beliefs about ORSS?
(1)You have explained that the idea was from Toby Crabel and you found that on monthly
and weekly
basis, there are statistical edges for traders too. So maybe one of your core
trading beliefs is that if the method on the past data can provide a statistical edge, it could
continue to do so in the future?
(2)Also, based on the trading style of ORSS, it firstly seeks the strongest/weakest
instrument of last month,then finds the certain bias,if weekly trend coincide with monthly
trend, it takes the trade.So my understanding is firstly ORSS is a kind of trend following
system,seondly it assumes the last month's strongest/'weakest instrument will continue to
rise or fall the next month so you can profit from it?
2. About weekly pivots.
(1)ORSS uses the first Monday and its following Tuesday and Wednesday, these three
days, as opening range, the question is why particularly "three"days and why starting from
"first Monday" of the month?
(2)What if that Monday or Tuesday or Wednesday is/are happened to be a
holiday/holidays? Maybe three of them are all holidays or maybe any one day of three days
is a holiday, how to deal with that?
(3)We calculate the weekly pivots using the last week's data before that opening range
week . What if the last week has only two or even one day trading day, the rest of them are
holidays, then the pivots would only represent that one or two days' range,it may not be so
meanningful? what should we do?
3. trading setup regarding to weekly pivots
(1) what is exactly the relationship between opening range and weekly pivots?You defined
monthly bias in detail but how to define the weekly bias? I'm a little confused here.
(2) I imagined 4 situations that may you clarify how to trade those situations for me?
situation1: on the third day of opening range, the close of wednesday closed above TC and
the next trading day closed above Tc too, but several days later the price finally penerates
the low-2*spread of the opeing range. Should we open the short position at low of OR2*spread?

situation2: A variation of situation 1, the close of all three days of OR closed below TC, but
the following days'close closed above TC,but finally it breakout downards.

situation3: High of OR penetrated TC but closed below TC, several days later price breakout
downside.

situation4: It takes nearly a whole month that the price finally goes down. should we trade
now ? what's the time validation of the setup?

4. position sizing
(1)You provided a turtle contracts file which calculates contracts as" % capital/ 1*ATR(14)
$value ", but we already has an initial stop. Would the No of contracts to be traded be
"%capital/((entry price-stop price)*pointvalue)? what is turtle file for?
(2)when using this system, what's the % of capital are you recommend to risk ie,2% 3%?
what's the maximum total risk or total positions should be traded at the same time ie 3
positions each
risking 3% in total 9%?

what position sizing method are you using for ORSS,like only double the bet when core
capital doubled,etc.
If using this system in combination with other systems, what's the percentage of asset
allocation that you suggest for ORSS?
5. about trading results
You provided some trading resullts in the end of the MA video file,are there other numbers
like maximum drawdown of the system, No of trades per month,etc.?