Happy Forex is a trading tool that generates steady profits and a low drawdown. The system has different settings and options that are adaptable to the currency pairs it trades on. It works with all brokers with max. 4 spreads.
Is investing in Happy Forex a good decision?
The EA is fully automated and can work with any account of your choice. It is also able to make profits for the user in the live market.
Company profile
Happy Forex was developed by the Happy Forex team. There’s scanty info about this vendor on the official website. We are only aware that the company was founded in 2016 and has also created the following tools: Happy Frequency, Happy Market Hours, Happy Trend, Happy Gold, Happy News, Happy Algorithm PRO, among others.
Main features
The system offers a variety of features:
- It works on all account types, including micro, mini, or standard accounts.
- The system is compatible with the MT4 platform.
- It conducts trades 24/7.
- It is fully automated and easy to set up.
- The system pplies auto-quotes detection 4 or 5 digits.
- The EA works with ECN brokers.
- Operating systems supported include; Linux, MacOS, and Windows 7,8,10.
- The minimum recommended deposit depends on the account type and setting used.
- It mainly trades on the GBPUSD and AUDUSD currency pairs.
- The recommended time frame is H1.
Happy Forex works with the grid strategy without increasing lot sizes (no martingale). A technical analysis indicator is also used to enter the market safely with a news filter.
Price
Happy Forex offers two packages. To obtain two trading licenses, the vendor asks that you pay €299. The asking price for 5 licenses is €499. When you purchase either of these plans, you will get free updates and upgrades, a user guide, a 30-day money-back guarantee, and unlimited demo accounts.
Trading results
This EA was tested using real tick data between 1999 and 2010. It traded on the GBPUSD currency pair on the H1 chart. It conducted 6631 orders, attaining a profitability rate of 74.54%. So, it made a total net profit of $41677.35 from an initial deposit of $1000. The maximum drawdown (13.53%) produced meant that the trading strategy wasn’t dangerous. The average profit trade was $13.74, whereas the average loss trade was -$15.56.
The above account was opened in June 2021 and deposited at $1500. Within 8+ months of trading, the system has made a profit of $351.70 for the account. There’s a drawdown of 18.71%, which suggests that the robot’s trading activities are safe. The user has already withdrawn $500 from the account.
A total of 158 have been executed as of now. The profit factor of 2.38 indicates that the system is capable of doubling your investment. It also brings in more wins than losses. This is proven by the average win (54.66 pips) value that is higher than the average loss figure (-48.77 pips). The traded lots are 1.58.
The system does not use martingale, but applies a grid of orders approach. This is proof that the vendor has shared 100% accurate info. It’s a good sign, as most vendors tend to avoid providing the right info about the trading approach used by the products they offer to the public. Luckily, this is not the case here.
Customer reviews
We found a single review for this robot on FPA. The trader has given the EA a 5-star, citing that he attained steady profits with it and received quick responses to questions posed. Unfortunately, this comment was posted almost a decade ago. So, with no current reviews, we can’t know if the system is producing desirable returns for users today.
Summing up
It is possible to know how the system works under different market conditions because the vendor doesn’t shy away from showcasing its performance. The EA is also able to generate profits for the user while keeping the drawdown rate within safe levels. And although we have an outdated customer review, it proves that the robot could possibly work in your favor.
