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Happy Power robot has a self-learning neural network that adapts itself according to market conditions. There is no need for further major modifications from the developer as the robot upgrades itself on its own. Happy Power is not the only product from the company. There are ten other algorithms that you can also purchase.
Happy Power Strategies and Tests
Installation is easy. After you complete the purchase and receive the ex4 file, you must place it in the MetaTrader 4 and 5 expert directory. Drag the robot onto the chart and enable auto trading for it to work.
Strategy Explanation
The robot works in the 30-minute time frame on EURCHF only. It is recommended to have an account with a minimum deposit of $1000. The developer does not provide much information about the strategy, so we used the live trading records to make some conclusions. The algorithm has an in-between approach between day and swing trading as the average trade duration is two days. The separation between equity and balance curve shows that the EA uses grid trading, which is evident from the trading history. As the position goes in negative, the robot opens order in the same initial direction.
Features
The robot and the company have the following features:
- Support for ECN and 4 or 5 digit brokers
- A fully automated system that is easy to install
- Compatible with any system and comes with free updates
Backtesting
Backtesting results are available for three different risk settings: low, medium, and high. In all three, the robot traded with a fixed lot of 0.01 but had different drawdown and return values. The relative drawdown values were 19.57%, 35.61% and 39.17% for a total gain of $516.32, $2997.22 and $4965. The total trades increased as the trader moved from low to high risk. It shows that the algorithm traded more aggressively and opened more orders as soon as the position went red. The win rate hung around 75% for all three, and the profit factor increased from low to high risk.
Happy Power Live Trading Account Review
Trading results for a live account are only available for high-risk settings. The account has high leverage of 1:500, which immediately raises red flags. It has a huge drawdown of 51.43% for a monthly gain of 24.77%. From Feb 25, 2021, the robot has made a total gain of 109.19%. With a total of 1436 trades, that robot has traded 14.36 lots. The average winning trade is $1.59, and the loss is -$1.92.
Pricing
You can buy the robot for a one-time price of 325 Euros. It comes with ten other algorithms by the same developer. There is a single license for an unlimited number of demo and live accounts. There is also a 30-day money-back guarantee if you are not satisfied with the performance.
Is Happy Power robot a scam?
Customer reviews on notable platforms such as Forex Peace Army and Trust Pilot look like the developer himself wrote them. One of the comments on FPA was removed as it came from the exact location as Happy Forex to prove the case. Other than this, there is no information on the developer of the bot, which raises huge suspicions over the authenticity of the system.
Summary
Pros
- 30 days money-back guarantee
- It comes with other free robots
Cons
- Massive drawdown in the results
- No transparency of the vendor
- It has a high price of 325 Euros
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