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Happy Way Review: Is It a Reliable System?

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Happy Way

Happy Way is a Forex robot that can trade with a minimum deposit of $15. It detects 4 or five-digit brokers automatically and comes with a 30-day money-back guarantee if traders are not satisfied with the product. We will cover the live and backtesting records in our review and list all the features so you can make the correct purchase decision.

The robot has the following features:

  • It trades automatically 24/7.
  • The robot can detect 4 and 5 digit, brokers.
  • The setup is easy with the guide.
  • Traders can use it on multiple currencies.
  • The developer updates the robot constantly.

How It works

The service will work if you follow the steps below:

  1. Purchase the system from the developers’ website and provide your account numbers
  2. They will send the ex4 to your email
  3. Place the robot in the MT 4 platform to start trading

Trading strategies and currency pairs

The developer states that the robot trades on USDCAD, AUDUSD, AUDCAD, CADCHF, and AUDCHF and does not use lot multiplication in trades. It employs averaging strategies and does not use any indicator to guide itself. Observing the history on Myfxbook, we can see that there is no stop loss or take profit with trades. The algorithm can hold each position for up to 19 days. It will only close trades when they are in profit leading to an upward equity curve. The difference between two executions is around 100 pips. The duration of the longest trade is 70 days.

Trading history

Trading history

There are no backtesting records available. We can not analyze or know how the algorithm will perform for an extensive future without having access to long-term historical testing.

Happy Way trading statistics

Verified trading records on Myfxbook are available showing performance from January 21, 2021, till the current. The system made an average monthly gain of 1.35% during the period, with a drawdown of 18.89%. The stated drawdown is high, giving us a risk-reward ratio of 17:1 while contrasting it with the monthly gains.

The winning rate stood at 68%, with a profit factor of 1.89. The best trade was $24.55, while the worst was -$23.06 in a total of 84 trades. The developer made $2500 in deposits and made a total gain of 8.26%.

With a sharpe ratio of 0.27, the total expectancy of the account is currently at $2.46. There are a total of 0.84 lots traded up until now.

Trading records on the website

Trading records on the website

Pricing and refund

Traders can purchase the service for an asking price of €299, which will provide a license for two live accounts. For five keys, the total cost is €499. There are other algorithms available for free with the price. As mentioned before, a 30-day money-back guarantee is there. The number of demo licenses is unlimited.

The price of the EA

The price of the EA

What else you should know about Happy Way

Customer reviews on Forex Peace Army give the company a total rating of 3.542 for five reviews. A trader says that he has purchased the Happy Way robot and the account blew up. He states that it does not use the stop loss and can cause a significant drawdown. The review was posted on August 08, 2011, which is quite old.

Customer review on FPA

Customer review on FPA

Happy Way Conclusion

5.3

Happy Way trading robot uses the averaging approach to trade the market, which has caused a good drawdown on the live account with little profitability. The algorithm has no backtest results that we could have used for analysis.

  • Price 6/10
  • Strategy 5/10
  • Trading results 6/10
  • Vendor transparency 5/10
  • Customer reviews 5/10
  • Support 5/10

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