Happy Power is designed to work on the EURCHF pair. It uses an exclusive artificial intelligence system to analyze the market and find accurate trades. This is a 100% automated system that uses a self-adaptive algorithm. This ATS is made by the Happy Forex company which has been making FX trading tools since 2016. The firm is reputed for its various FX robots and other FX tools. Some of the popular products of the company include Happy Way, Happy Neuron, Happy Martigrid, and more.
Happy Power EA Review
A few of the significant features of this FX EA are:
- It supports ECN brokers.
- The expert advisor is designed to automatically detect 4 or 5-digit quotes.
- It is completely automated.
- The robot is easy to set up and use.
- This FX EA works with any broker.
- The FX robot can work on the MT4 and MT5 platform.
- It mainly works on the EURCHF pair using the M30 timeframe.
- The vendor recommends a minimum deposit of $1000.
- According to the vendor, the recommended deposit is $3000.
Trading strategies and currency pairs
According to the vendor, this FX EA uses an artificial intelligence method for evaluating market conditions and identifying accurate entries and exits. It uses a special algorithm that can adapt to the changes in the market using reinforcement learning components. The vendor states that reinforcement does not require a labeled input or output pair like supervised learning. Further, it also does not need alteration of sub-optimal actions. It works only on the EURCHF pair.
The vendor provides backtesting reports for this FX EA on the official site. Here is one of the backtests done on the EURCHF pair using the H1 timeframe from January 2020 to April2021.
From the above report, we can see that the test had generated a total net profit of 6,685.26 for an initial deposit of $1000 using the leverage of 1:500. The maximum drawdown is 11.99%. A total of 9653 trades were executed with a profit factor of 2.39 and profitability of 76.86%. From the results, it is clear that the system uses a low-risk approach. While the profits are not high, the low risk and high-profit factor value indicate an effective approach.
Happy Power trading statistics
A real live USD account using the ForexMart broker and the leverage of 1:500 on the MT4 terminal is shown here. The account using a high-risk setting verified by the myfxbook site is shown below:
From the above stats, we can see the EA has generated a total profit of 57.84% with a daily profit of 0.36% and a monthly profit of 11.49%. The drawdown is 69.44%. For a deposit of $9,500, a profit of $1,855.46 is present for the account that started in November 2021. A total of 2,453 trades have been executed with a profitability of 71% and a profit factor of 1.63. From the trading history, we can see that the lot size of 0.01 is used.
While the drawdown is high indicating a risky approach as is normal in a high-risk setting, the profits are not bad. Further, the growth curve indicates a couple of spikes in growth followed by downward slopes. However, there is a rally in the curve indicating a good recovery system that denotes good risk and money management. For traders who like high-risk settings and the profits they generate, this EA can be a good choice.
Pricing and refund
You can purchase the FX EA for € 325. Unlike most of the EAs of the company that are sold in packages of 10 EAs, this product is sold separately. The vendor however provides a bonus package of the 10 EAs. On purchase, you receive a license that allows you to use an unlimited number of demo or real accounts, free upgrades, free updates, and a 30-day money-back guarantee. When compared to the average market price of similar products, we find the price is affordable.
What else you should know about Happy Power
We found 21 reviews for the Happy Forex company on the Trustpilot site with a rating of 4.6/5. Here are a few of the testimonials from users:
From the above feedback, we can see that the Happy Power EA is making a profit as assured by the vendor. Further, users are happy with the performance and one user claims that newbie traders would benefit from the system.