Happy News is a Forex expert advisor that runs on the Metatrader 4 expert advisor. It is a product from the Happy Forex team. This company has its headquarters based in Germany. It has more than five years of experience and has built expert advisors like Happy Power, Happy Breakout, Happy Neuron, Happy Galaxy, Happy Fast Money, Happy Trend, Happy Gold, and Happy Frequency.
This EA has a simple installation process. It avoids using risky trading strategies like grid, hedging, and martingale. It can auto-detect 4 or 5 digit quotes. There is no need for manual efforts since this system is fully-automated.
The operating systems supported by this EA include Linux, Windows, and Mac OS. It is recommended that you use this EA on an ECN account. The minimal deposit required for this expert advisor is only $100. As such, a novice trader doesn’t need to spend too much money to get started with this robot.
Trading strategies and currency pairs
The currency pairs supported by this EA include GBP/USD, EUR/USD, AUD/USD, and USD/JPY. Happy News automatically trades news releases that are relevant to the Forex market, no matter the outcome. It opens trades in both directions to capitalize on the market momentum, in case the news impacts the price of Forex pairs significantly.
The EA always downloads its news from reliable sources like ForexFactory. After that, it screens the news based on your requirements and preferences. You can trade all the news releases if you wish. Alternatively, you can choose to filter out the ones that are not related to the Forex pairs that are currently on your chart.
The robot uses various filters for the news release. It determines what kind of impact the news could have on the market, while also comparing it with previous reports. This way, it can readily detect major price shifts in the Forex market. At this moment, we don’t have the backtesting results for this robot.
Happy News trading statistics
This live trading account on FXStat has been active since February 2019. To date, the EA has conducted 410 trades through this account, winning 88.05% of them and generating a total profit of $2314.48. The daily and monthly gains are 0.15% and 3.29%, respectively, and the total pips currently stand at 719.80. Apart from the high win rate, the account also has an impressive profit factor of 1.9. The drawdown is 13.34% is not too high, which means the robot was not following a high-risk strategy.
Here we have the recent trading history of the account. As you can see, the robot conducts trades with a lot size of 0.67-0.77. The average trade duration is 0.08 hours. It is evident that the EA is capable of generating steady profits while keeping the drawdown low.
Pricing and refund
There are two pricing plans for this EA. The first one costs 299 Euros and it provides you with two licenses for real accounts and unlimited licenses for demo accounts. For five real account licenses, you need to pay 499 Euros. The prices are quite reasonable compared to the market average, and the vendor offers a 20% discount. Furthermore, each customer gets the Happy Forex Full Pack containing 10 EAs, free of charge.
There is a 30-day money-back guarantee for this EA. However, in order to be eligible for a refund, your account’s drawdown must be more than 25%, even after using the recommended settings. Once you can furnish proof of this fact, the refund will be initiated immediately. You need to pay for the license only for the first month, after which you automatically receive a free lifetime license via email.
What else you should know about Happy News
Currently, there are no user reviews for this expert advisor on third-party websites like Trustpilot, Forex Peace Army, Quora, and Myfxbook. If you are in need of assistance, you can drop a mail at the official email address of Happy Forex or use the contact form on the website.