Happy Forex assures consistent profits and minimal risk with its effective approach. It uses the grid method without the Martingale system in addition to a news filter and technical analysis for making accurate entries and exits. The FX robot is made of 3 trade sets and can work with brokers offering a maximum of 4 spreads.
The Happy Forex company is a renowned name in the industry since 2016. Many of the expert advisors of the company are well-received by traders. Some of the FX robots of the firm are Happy Gold, Happy way, Happy Fast Money, Happy Martingale, and more. For support, an email address, a live chat feature, AnyDesk, TeamViewer, and an FAQ section are present.
Some of the key features of this FX EA that give it an edge over its competitors as per the vendor are:
- It is primarily designed for use by all traders including beginners in the FX market.
- The FX robot can trade on big client accounts with the Metatrader application.
- News filter includes choosing the currency concerning which news should be filtered.
- You can use a micro, mini, or standard account.
- The minimum deposit required depends on the setting type you choose.
- A timeframe of H1 is used by the FX robot.
- It works 24/7 and is fully automated.
- The ATS can automatically detect quotes of 4 or 5 digits.
- It supports ECN brokers.
Trading strategies and currency pairs
According to the vendor, the FX robot works by using reinsurance positions. But it does not increase the lot size as is done with the Martingale method. Additionally, the expert advisor uses technical analysis and a news filter for making safe entries. The vendor claims that the EA has different settings and options which can be applied to multiple currency pairs. The main currency pairs it works on are the GBPUSD, EURUSD, AUDUSD, and EURCHF pairs.
A few backtests are present on the official site. Here is a backtesting report for the GBPUSD pair done from January 1999 to July 2010 using the H1 timeframe.
A total profit of 4167.74% was generated for an initial deposit of $1000. The daily and monthly profits are 0.09% and 2.72% respectively. A drawdown of 13.53% is present. From the steady and increasing profits, we can see the approach used is effective, revealing good performance. Further, the low drawdown indicates a low-risk strategy.
Happy Forex trading statistics
A real USD account verified by the myfxbook site and the leverage of 1:500 on the MT4 platform is shown here.
From the above stats, we can see a total profit of 51.88% is present with a daily return of 0.14% and a monthly return of 4.25%. A drawdown of 18.71% is present for the account. For the account that started in June 2021 with an initial deposit of $2,500, a total of 193 trades have been completed with a profitability of 69%. The profit factor value is 2.22 and a lot size of 0.01 is used. From the growth curve, we can see that the account has grown steadily showing consistency and stability although the profits are not high. Further, the low drawdown indicates low risk. For traders who are averse to risk, the steady profits and low drawdown of this EA will look favorable.
Pricing and refund
To buy this FX robot, you need to pay €299 (2 licenses) or €499 (5 licenses). The package includes 9 other EAs of the company. A 30% discount is also present along with a free indicator. Other features included in the package are free updates, free upgrades, a user guide, and an unlimited number of demo accounts. A money-back guarantee of 30-days is present which indicates that you can rely on the system to perform well. When compared to the market average, we find the price is very affordable.
What else you should know about Happy Forex
Unfortunately, we could not find user reviews for this FX robot on reputed sites like Forexpeacearmy, Trustpilot, etc. However, we found 27 reviews for the company with a rating of 4.7/5. From the user feedback, it is clear that the products of the company are good and work efficiently. The users also commend the excellent customer support.