Happy Trend is designed with capable money management features to ensure high returns and low risk. It works on high volatility and uses a News filter for capital protection. The vendor claims that it is developed for new users as well as experienced traders. Happy Forex company promotes this FX EA. Other products of the company include Happy News, Happy Neuron, Happy Martigrid, Happy Way, and more. For support, the vendor provides an email address, a live chat window, TeamViewer, and AnyDesk.
Some of the key features of this FX robot that makes it competitive as per the vendor are:
- It is 100% automated and is easy to set up.
- You can use micro, mini, and standard account types.
- The robot supports ECN brokers.
- It can automatically detect quotes of 4 or 5 digits.
- The FX EA works mainly on the Metatrader 4 system.
- A minimum deposit of $100 is recommended for this robot.
- It does not use the grid, hedging, and Martingale methods.
- It works on the EURUSD, GBPUSD, USDCHF, USDJPY, and AUDUSD pairs.
Trading strategies and currency pairs
This is a trend-based robot that can work in high volatility situations. It uses a dynamic SL and TP for the orders and trades only one pair at a time. It uses effective money management features and identifies accurate trend movements. As per the vendor, the system can work on big MT4 accounts.
The vendor provides a few backtesting reports for the FX robot. Here is one of the results:
From the above screenshot, we can see the backtest was done for the EURUSD pair using the H1 timeframe. The testing was from January 2020 to December 2020. For an initial deposit of $1000, a total net profit of $241 was gained. A total of 181 trades were completed with a profitability of 82.87% and a profit factor of 2.08. Lot size of 0.05 was used for the account. The maximum drawdown was 6.48%. From the results, we can see the profits are not high but the drawdown is low indicating a low risk. But the big lot sizes indicate a high-risk approach which may have caused the low net profit.
Happy Trend trading statistics
A real USD account verified by the myfxbook site is present on the official site. The live account uses the ForexMart broker and the leverage of 1:500 on the MT4 platform. Here are a few screenshots of the account.
From the above stats, it is clear that the account that started in September 2021 reveals a loss of 25.66%. The daily and monthly losses are 0.16% and 4.57% respectively. From the growth curve, we can see the account has been on a downward spiral with minor upward peaks but not sufficient enough to make a profit. Since November the account is revealing losses which shows the money and risk management is poor. Further, the profit factor value of 0.67 and the lot size of 0.04 indicate a risky approach that most traders would stay away from.
Pricing and refund
You can buy this FX EA for €299 (2 licenses) or €499 (5 licenses). This EA is available as a package of 10 EAs with a 30% discount. The vendor provides a bonus indicator with the package. Other features you get on purchase of the package are free updates, free upgrade, a user manual, and unlimited use of the software. A 30-day money-back guarantee is present for the product. When compared to the price of competitor systems in the market we find the price is not expensive as you get 10 EAs and an indicator for the price.
What else you should know about Happy Trend
Unfortunately, we cannot find user reviews for this FX EA on trusted review sites like Forexpeacearmy, Trustpilot, etc.