Happy Algorithm PRO is developed to cater to a newbie as well as seasoned traders. It can work on big accounts using the MT4 terminal. Correlative deflections measurement is the main principle this FX robot uses. It is a 100% automated system that does not need any input from the user. The vendor claims that the EA monitors the market 24/7 ensuring you get profitable returns.
Is investing in Happy Algorithm PRO a good decision?
We have evaluated the features, support, vendor transparency, performance, and other aspects of this FX robot. From our analysis, we find that the vendor provides verified real live trading results as proof of the efficacy of the system. Further, the pricing is affordable and the refund policy is present, making this MT4 tool a good choice for traders in search of a reliable and affordable EA.
Happy Forex is the company that develops and promotes this FX EA. Other products of the company include Happy Gold, Happy Way, Happy Frequency, and more. We could not find company details like its founding year, team member info, location address, phone number, etc.
Some of the significant features that the vendor focuses on for this ATS are:
The FX robot is easy to install and use.
It works 24/7 and is fully automated.
It can automatically identify 4 or 5-digit quotes.
The MT4 tool supports ECN brokers.
It works on the EURUSD and USDCHF pairs.
The FX robot works on micro, mini, and standard accounts.
A minimal deposit starting from $1000(micro) to $100,000(standard) is recommended based on the account type you choose.
As per the vendor, this EA measures correlative deflections, setting performances, does statistical analysis to arrive at optimal SL and TP, and more. The difference in the price of a specific correlative pair is identified and shown as a line. A specific limit is set for the close of the order and when the limit is surpassed, the pair is traded and closed after it returns to the middle value.
To buy this FX EA you need to purchase the whole pack of 10 EAs provided by the company. Besides the software license which is 2 or 5 each as per the package you choose, you also get a user guide, free updates, free upgrades, and unlimited use of accounts. A 30-day money-back guarantee is present. When compared with the other competitor systems in the market, we find the price is not expensive, and further, the refund offer indicates the system is reliable.
A real USD account verified by the myfxbook site is present for this FX robot. Here is a screenshot of the account that started in June 2021.
From the above stats, we can see the leverage of 1:500 is used by the account on the MT4 platform with the track record and privileges verified by the site. A total return of 39.03% and an absolute return of 16.34% are present. The daily profit is 0.12% and the monthly profit is 3.84%. A drawdown of 66.49% is present.
For a total of 643 trades, the profitability is 57% and the profit factor is 1.28. A lot size of 0.01 is used for risk management. From the results, we find that the drawdown is very high. But the profits have been steadily increasing despite being a meager amount. Further, the capital is intact with a small amount of profit showing the resilient nature of the account.
Unfortunately, we could not find user reviews for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. But we found 13 user reviews for the company on the Trustpilot site. A rating of 4.5 is present for the reviews. Here are a few of the testimonials:
From the above feedback, it is clear that the products of the company are working excellently and are apt for beginners. One user mentions the stable working method and outstanding results of the EA.
Happy Algorithm PRO uses correlation deflection as the main approach for ensuring profitable returns and lowering the risk. Our evaluation reveals many factors that favor the system like the real verified trading results, affordable price, refund policy, and positive customer reviews. Other than the minor hitch of the lack of vendor transparency, the FX robot offers mostly beneficial features. The upsides will ensure your capital is secure while you generate a small amount of profit.