this trader had a lucky start, however, he insisted to short the USD/JPY again when he almost blew up the first time, since then he had gone against the FED, JCB, big trend and leveraged to the neck but give up totally on his stops, praying the JCB would intervene again to save the trade. I had liquidated since he moved the stop second time...
Terrible strategy. Appeared to be a skilled forex strategy when was up 200% and when stated past years results. Quickly discovered that trades are way oversized even with small account size 15k used/recommended, and trader users averaging down on losers which is in general bad trading unless trend is certain. Past results were likely falsified. Trader lost all gains quickly and more with several poor risk management trades. I was fortunate to realize poor skill and risk management was apparent and only lost 25k instead of my whole account. It's also believed that trader also posts false reviews to get customers as all he cares about is the fees, He couldn't care less about blowing up account. Congrats another C2 scam trader. Stay away from ARK anything.
Quite an active strategy, rarely a quiet day, which is nice. Trader seems to mostly bet on mean reversion after strong swings, which works well most of the time since that's the more common pattern. Trader tends to double down on initial losses like a Martingale, leading to higher risk and drawdowns on bets in the wrong direction. Again that works if we get mean reversion within the normal time frame for a trade (up to a few days here). However, sometimes it's not a brief deviation but a full new trend, and then the strategy of adding leverage after initial losses really backfires, leading to large losses on a few trades. Stop margins are far too wide to contain this risk. After several months of trading my return on this strategy was negative because the few high loss trades more than wiped out the trickle of positive returns on the much less leveraged successful trades. Entry timing could also be improved, trader often jumps in right in the middle of a steep move, could wait until there is at least a sign of a change in direction. Overall the returns don't justify the risks taken, and risk goes up significantly in choppy trading, causing net negative returns over a period of several months fo me.
Excellent strategy. Nice consistent profits with good risk management, few large draw downs or volatile fluctuations. Strongly recommend if you're looking to diversify in FX trades.
Thank you, Michael. Great job.
Been with Ark1 for a couple months now, the returns are predictable and very strong. Very happy with the performance - drawdowns are limited as well, it's not super volatile of a strategy compared to others.
I have followed this strategy since early on, and also follow ARK 2. The returns have been great and drawdowns okay. After you are on C2 for a while you can tell who the disciplined, consistent traders are and this is one. This year it has been especially nice to diversify with a market that doesn't correlate with the S&P. Highly recommended but stick to the recommended capital requirements because trades tend to draw down a bit before they trend.
Excellent so far keep up the good work. Sometimes drawdowns are bit huge but overall positives and good returns which is great. Strongly recommonded strategy.
The system is level played with hard stop and deciplined with sustainable growth, suited for a volatile market trading range. Looking forward for the long term.