This strategy trades the ES futures once per week (currently). A long or short position is taken early in the week...usually on Sunday. Stop-loss and take-profit orders are placed at the same time. It has a fixed risk/reward of about 1:1 with a win rate of about 70%. The position usually closes the next day.
The strategy manager understands risk and works to manage it. He sends out frequent communications and is responsive to private questions.
Initially I misunderstood how to scale the strategy. I scaled based on the current value of the account on the strategy's home page (which is ~$28K as of May 10, 2022). However, the scaling needs to be based on the strategy's notional value (which isn't visible) but according to the strategy manager is about $50K.
Thus if I had a $30K account, I might have assumed that I should scale at 100% (to match the home page value). But the correct sizing would actually be 60%.
In March 2022, I started by trading the strategy in a simulation account. After a few weeks, I was motivated to go live. In the past five weeks of live trading, there have been four wins and one loss. I am pleased with the results.
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.
I don't like strategies without clearly defined position sizing where the trader's decisions appear to be subjective. When the trade leader goes from the usual few contracts to 41 and happens to have a bad day, your account will have a terrible day. I prefer strategies with more structure where I know what a bad can look like, and more importantly, profits and capital are not wiped out with one bad day. I don't care so much about the profits as these take care of themselves. It's the downside that concerns me the most. I am not sure how a trader leader can be down over 30% in one day and call their strategy robust. I think this market will shake out a lot of strategies that may have performed well during the bull market. I hope the trade leader doesn't have two bad days in a row.
Results look great, but I have a couple reservations: inconsistent sizing of trades is confusing to me, and the inability to leverage makes this a strategy that I can't easily fit into my bullpen.
Didn't make money the month I subscribed but clearly a thought leader in volatility strategies. Algorithmic execution, thoughtful systematic approach, and appears to constantly be working to better the strategy.
Hard Road successes came b4 I subscribed - strategy was down 20%+ the month I subscribed after previous max drawdown of 7%. Needs work on volatility management.
Terrible strategy. Only goes long and in a market like this you should be able to go both ways. Also holds over night and not good in a volatile market currently. Gets too many contracts and tries to double down and ends up losing more. If you want to make money go elsewhere. If you want to blow your account stay here.
Not only does this strategy do very well and have great returns, but the trade manager is very communicative with lots of updates and is humble in his emails. Definitely recommend!
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 1. The returns have been great and drawdowns tolerable. 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. Management fee on the high side, but so far it has easily paid for itself to say the least.
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.
Very impressive and the strategy is making money as suggested by the hypotheticals. I am running it off and on but looking to have it turned on permenantly. Have noticed that currencies are being traded but I only have a futures acc so can not accomodate that at the moment.
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.