Happy Forex is a Forex robot that combines three trading sets in a single expert advisor. As per the vendor’s claims, this system can bring you stable profits while keeping the drawdown low.
This robot is a product from the Germany-based Happy Forex team. The team has been around for several years and they are well-known for manufacturing EAs like Happy Way, Happy Trend, Happy Fast Money, Happy News, Happy Fast Money, etc.
Happy Forex strategies and tests
This is an EA that uses the grid strategy and reinsurance positions without increasing the size of the trading lots like in martingale. For making its entries, it uses a technical indicator along with a news filter. Since it has multiple settings and options, you can use it on multiple pairs. It is compatible with any broker with a maximum of 4 spreads.
Happy Forex is compatible with operating systems like Linux, Mac OS, and Windows. It works on the MT4 platform and supports different types of accounts like Standard, Mini, and Micro. For a micro account, the recommended deposit for the first setting is $1000 for a micro account. While using a Mini or a Standard account, you are recommended to deposit $10 and $100, respectively.
This EA supports ECN brokers and trades on a 24/7 basis. It can perform auto-quotes detection of 4 or 5 digits and can operate without any manual intervention.
This backtest was conducted from January 1999 to July 2010 for the H1 timeframe and using an every tick model. For the test period, the EA placed a total of 6631 trades. It managed to win 74.54% of them, generating a total profit of $41677.35.
Apart from the high win rate, it also had an impressive profit factor of 2.59. Moreover, the maximal drawdown was only 13.53%, which tells us that the EA was not trading with a high level of risk. There were 25 maximal consecutive wins and 13 maximal consecutive losses during the testing period.
Happy Forex track record review
This live trading account on Myfxbook has been active since June 18, 2021. To date, the EA has conducted 171 trades through this platform, winning 68% of them and generating a total profit of $386.83. The win rate is quite high compared to other expert advisors on the market, but it is slightly lower compared to the backtest.
At this moment, this account has decent daily and monthly gains of 0.14% and 4.47%, respectively. Although the drawdown of 18.71% is slightly higher than what we saw in the backtest, it is within the acceptable limit. The account has experienced a growth of 48.48% since its launch and it currently has a high profit factor of 2.42.
Here we have the recent trades placed through this account. As we can see, the EA has used a fixed lot size of 0.01 for the last 20 trades. In spite of suffering occasional losses, the robot is capable of recovering them in the subsequent trades. The average win and loss for this account are 55.77 pips/$5.68 and -46.55 pips/-$4.95, respectively.
You can get two EA licenses for 299 Euros, while five licenses cost 499 Euros. The prices are pretty reasonable and you also get the Happy Forex Full Pack containing 10 EAs for free. Furthermore, the vendor offers a 30-day money-back guarantee.
Is Happy Forex a good system to rely on?
This EA is supported by verified statistics and has a high win rate. It is affordable compared to others and comes with a money-back guarantee.
There are a few reviews for the Happy Forex team on Trustpilot. Here, the users have praised the performance of the EAs sold by the company.
If you require assistance, you can use the contact form on the website. On the official Facebook page, you can find an email address as well.