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Happy Breakout Review: Is It a Reliable ATS?

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Happy Breakout

Happy Breakout is a Forex expert advisor that is compatible with multiple operating systems. It works on both MT4 and MT5 trading platforms and comes with an unlimited number of real and demo accounts. The parent company behind this system, Happy Forex, is based in Germany. We don’t have any background information on this company and we don’t know when it was founded. The vendor has not revealed the identities of the team members. Other EAs from this company include Happy Galaxy, Happy Power, and Happy Neuron.

This is an expert advisor that supports ECN brokers. It can perform auto-detection of 4 or 5 digit quotes. Being a fully-automated EA, it does not require any manual intervention from the user’s side. Happy Breakout avoids using risky trading strategies like hedging, grid, arbitrage, and martingale.

Prior to using this EA on a live account, you should test it on a demo account with minimal risk. The vendor recommends using a VPS or a hosting server with low latency to the broker’s server. You should sign up with a broker that offers low spreads and commissions. Also, the execution speed should be high.

You can install Happy Breakout on operating systems like Windows 7, 8, 10, Linux, and Mac OS. The recommended timeframes are M30 and H1. While the maximum spread is 10 points, the maximum stop level should be below 10 points. You can get started with a minimum deposit of $100.

Trading strategies and currency pairs

This EA supports two trading pairs, namely EUR/USD and GBP/USD. It uses a strategy that relies on the breakdown of major support and resistance levels. The developer optimized the system with real ticks and a modeling quality of 99.90%. For managing the risk, it uses trailing stop and fixed stop loss.

Backtesting results of EUR/USD on the Happy Forex website

Backtesting results of EUR/USD on the Happy Forex website

This backtest was conducted from 2012 to 2015 using an initial deposit of $1000. The EA conducted a total of 1028 trades on the M30 timeframe. At the end of the testing period, it managed to generate a total profit of $553363.29.

The profit factor for this backtest was 3.20. Happy Breakout won 71.11% of its trades and had a relative drawdown of 14.49%, which was within the acceptable level. There were 17 maximum consecutive wins and 7 maximum consecutive losses during the testing period.

Happy Breakout trading statistics

Growth chart of Happy Breakout on FXStat

Growth chart of Happy Breakout on FXStat

This EA has been conducting trades through this live account since November 2019. To date, there have been 1181 trades through this account, out of which 944 trades have been closed in profit. Thus, the robot has a win rate of 79.93%, which is slightly higher than what we saw in the backtest.

The account has a decent profit factor of 1.08 and a drawdown of 17.93%. Currently, the daily and monthly gains are 0.09% and 2.01%, respectively. The total profit for this account currently stands at $3708.63.

Trading results of Happy Breakout on FXStat

Trading results of Happy Breakout on FXStat

Here we have the trading history of the account. We can see that the EA trades with a lot size of 2.01-2.36. The average duration of each trade is 0.39 hour and the average profit and loss are $54.56 and $227.59, respectively. It should be mentioned here that the robot has suffered heavy losses recently. From July to December 2021, it failed to close a month in profit.

Pricing and refund

The current price of the EA is 550 Euros, which is not very cheap. Buyers receive the Happy Forex Full Pack containing 10 EAs for free. Those who have already purchased the Full Pack EAs are eligible for a 30% discount. The vendor offers a 30-days money-back guarantee. All customers are eligible for free updates. You need to pay for the license only for the first month, after which it is renewed automatically.

What else you should know about Happy Breakout

We were unable to find any user reviews for this expert advisor on websites like Myfxbook, Quora, Trustpilot, and Forex Peace Army. This tells us that not many people are currently using this system to conduct live trades.

Happy Breakout Conclusion

4.3

Happy Breakout is an expert advisor that is backed by several years’ worth of live results. However, it has a history of suffering heavy losses. Thus, it is clear that it follows a high-risk strategy.

  • Price – 4/10
  • Strategy – 5/10
  • Trading Results – 4/10
  • Vendor Transparency – 4/10
  • Customer Reviews – 4/10
  • Support – 5/10

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