Forex Robots

Happy Breakout Review: The System That Doesn’t Work Stable

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Happy Breakout

Happy Breakout is a trading advisor from the Happy Forex company. They are quite well-known among the Forex-related community. The system was revealed six years ago. We have decided to figure out if it’s still viable.

Happy Breakout strategies and tests

The advisor has a short and medium-informative presentation. The devs provided some information about features that we systemized in the following list:

  • The advisor was designed to help people with executing orders automatically on a terminal.
  • We have a strategy that’s based “on the breakdown of the most important support and resistance levels.”
  • They claimed that the system was tested with 99.90% modeling quality.
  • It places fixed SL levels for every open trade.
  • It uses trailing stops to protect already obtained profits.
  • We have to work on an ECN broker.
  • It uses auto detection of 4 and 5 digit quotes.
  • The system doesn’t use risky strategies like Grid, Hedge, Arbitrage, and Martingale.
  • We have to give the system a try at a demo account first before getting ready.
  • The advisor required an account with low commissions and spreads.
  • The systems can be Windows 7, 8, 10, Mac OS and Linux.
  • We can use one of the MT4 and MT5 versions of the system.
  • Trading is possible on EURUSD and GBPUSD.
  • The time frame varies from M30 to H1.
  • The spreads shouldn’t be higher than 10 pips.
  • We have to run it on a deposit of over $100.
  • There’s a single real account license with an unlimited number of demo ones.
  • We can try on free updates and upgrades.
  • There’s a 30-day refund policy applied.
  • “The license is for the first month and then you will automatically receive a free lifetime license on your email. You will pay for the license once only.”
Happy Breakout backtest report

Happy Breakout backtest report

There’s a report that was achieved after testing EURUSD on M30. The data period was 3 years long. The modeling quality was 99.90% with 5-pip spreads. An initial deposit was $1000. The total net profit has amounted to $553,362. The profit factor was 3.20. The maximum drawdowns were 14.49%. It has executed 1028 deals with a win rate of 71% for short and 70% for long trading directions.

Happy Breakout trading account review

The trading account looks like an abandoned place. The developers didn’t reset the system to work on another account or keep running this one.

Happy Breakout trading results

Happy Breakout trading results

The advisor traded on a real account that was verified by FXStat. The total growth ws 49.87%. The system generated $2495 from $5,000 of deposit. The maximum drawdown was 18.39%. An average monthly gain was 1.57%. FXStat marked this account as mediocre with a 60.6 score.

Happy Breakout monthly activities

Happy Breakout monthly activities

The system has shown that it could easily lose six months in a row.

Happy Breakout statistics

Happy Breakout statistics

The advisor traded 1058 deals. The win rate was 79.87%. The best trade was $647.82 when the worst trade was -$1183. An average trade length was 0.41 hours. The profit factor was 1.05.

Happy Breakout pairs

Happy Breakout pairs

The system worked with EURUSD and GBPUSD. EURUSD was the most traded pit with 274 orders. Turnkey Global was the main broker. The leverage was 1:200. The account has been existing for two years in a row. It was created on November 13, 2019.

Happy Breakout risks

Happy Breakout risks

There’s a 77.35% chance of losing 10% of the balance. We can treat those risks as the sky-high ones.

Happy Breakout drawdowns

Happy Breakout drawdowns

The system experienced consistent risks of deep drawdowns.

Pricing

Happy Breakout pricing details

Happy Breakout pricing details

We have an offer that looks familiar to us. The devs offer us to buy the robot for €550 for an unlimited number of real or demo accounts. The package includes ten other robots. Many of them don’t look trustworthy because they blew accounts in the past. We have 30 days of the money-back guarantee period.

Is Happy Breakout a good advisor?

It’s difficult to say so. Trading results showed that the system doesn’t fit current market conditions to be profitable.

People feedback

A page of Happy Forex on FPA

A page of Happy Forex on FPA

Happy Forex created a page on Forex Peace Army. Five people provided us with testimonials. The final rate is 3.54. Many connected accounts were stopped or even zeroed.

People testimonials

People testimonials

Clients didn’t mention how good Happy Breakout was. So, the system is a cat in the bag for us.

Happy Breakout

4

Currently, Happy Breakout doesn’t look like a reliable and stable trading solution. It’s clear that the robot has to be updated before setting it once again on a real account.

  • Trading results provided
  • Backtest reports shared
  • A refund policy applied
  • No team revealed
  • No risk advice given
  • No settings explanations provided
  • No strategy details shown
  • Horrible trading results
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