Happy Gold Review: Is It a Reliable System?

By ETFhead 30th September 20212476 views

Despite having a promising name, the Happy Gold robot cannot bring happiness to your trading experience. The team has revised the system numerous times, adding some new features with each update. Therefore, you would expect it to perform better, but it doesn’t.

Happy Gold is associated with the Happy Forex brand. This company has developed a couple of EAs, including Happy Algorithm Pro, Happy Fast Money, and Happy MartiGrid, among others. However, the developers and other professionals behind the activities of this firm are mysterious. This lack of transparency is a weak point in this EA’s presentation because the vendor’s capabilities in Forex can easily be discredited.

The main features of Happy Gold are:

Fully automated.
Easy to install.
No grid, no martingale, and no hedging.
Support for ECN brokers.
Auto-quotes detection 4 or 5 digits.

ECN account.
A minimum deposit of $100 is needed.
MT4/MT5 terminal is used.

Trading strategies and currency pairs

Happy Gold solely trades the XAUUSD currency pair. The robot applies scalp/swing/gridnews trading logic with an adjusted ZigZag indicator. According to the vendor, the system works well on the XAUUSD currency pair in the M15/M30/H1/H4 chart. However, more insight into the strategies is not given.

The backtest results of the system are analyzed below:

Backtest results

This system traded the XAUUSD pair between December 2018 and December 2019 on the 15-minute timeframe. It completed 421 trades while at it, winning 94.06% of the trades. The short positions (95.34%) and the long positions (92.98%) also performed well. The total net profit accrued was $2352.62.

The maximum drawdown was 12.11% and within acceptable levels. However, we were disturbed to find out that the average loss trade—$101.44 was 8 times higher than the average profit trade –$12.35. It appears that the system engaged in trades that affected the growth of the account negatively.

Happy Gold trading statistics

Trading stats

We have been provided with the trading results of a demo USD account that is under Tickmill brokerage. The account has been making 8.07% monthly profits. This has seen the profit value accumulate to $9927.98. The balance has now increased to $10,927.98 from an investment of $1000. The peak drawdown was 28.81%.

Trading performance

The EA has implemented a total of 821 trades with 16471 pips. The average win is 63.65 pips while the average loss is -60.18 pips. The average trade length is 5 minutes, a sign that the Scalping strategy is in place. This approach is known to generate low profits. This is proven by the poor performance of the long (65%) and short (63%) trading positions. The profit factor, which is, 1.45, further highlights the low profitability of this method.

Account’s risk of ruin

As we analyzed the risk of ruin table, we noted that the account is at risk of being destroyed. This proves that the system has been engaging in bad trades that have reduced the strength of this account. As a result, it may not survive for long.

Monthly gains for 2021

The monthly performance statistics are not encouraging. The system only produced ground-breaking profits in May and June. The other months were characterized by average profits and painful losses.

Pricing and refund

It is not possible to purchase Happy Gold alone. Instead, the vendor offers it together with 9 other EAs at a price of €299 or €499 depending on the licenses available. The former package comes with 2 licenses, and the latter one includes 5 licenses. Additionally, you will get a complete tutorial, a 30-day money-back guarantee, and free updates for both offers.

Happy Gold’s prices

What else you should know about Happy Gold

There are no customer reviews for Happy Gold on FPA per se. However, the site has created a page for Happy Forex. Although we only have 5 user testimonials, they give us a clue about the company’s services. For instance, we learned that some of the vendor’s EAs have blown up traders’ accounts. This is consistent with our findings. As seen earlier, the account being run by Happy Gold is at risk of being ruined.