Forex Robots

Happy Way Review: A Forex EA With a Short Track Record

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Happy Way

Happy Way is a Forex expert advisor that deals in five different currency pairs. It works on the Metatrader 4 platform and according to the vendor, is suitable for experienced as well as novice traders.

The developer company behind this robot is known as Happy Forex, which is based in Germany. We have no background information on this company, and the vendor has not revealed the identities of the team members. Other robots from this team include Happy Frequency, Happy Gold, Happy Algorithm Pro, Happy News, Happy Fast Money, Happy Trend, etc.

Happy Way strategies and tests

Happy Way is compatible with USD/CAD, AUD/USD, AUD/CAD, CAD/CHF, and AUD/CHF. Instead of trading with indicators, it uses a grid strategy without martingale. You can run this system on Windows, Linux, and Mac OS. It supports different account types like micro, mini and standard.

For a micro account, the recommended deposit is $1000. While using mini and standard accounts, the minimum deposits are $10.000 and $100.000, respectively. Happy Way trades 24/7 and supports ECN brokers. It can perform auto-quotes detection of 4 or 5 digits. The vendor recommends running the EA on H1 charts.

When you purchase this robot, you get a user guide in English and installation instructions. The vendor offers free updates and upgrades for all users. Happy Way operates with leverage of 1:500 and is regulated by the FCS, FCA, and CYSEC.

We don’t exactly know how the robot uses the grid strategy, since the vendor has not provided any explanation for it. The vendor claims that it is suitable for trading large client accounts. Also, we don’t have the backtesting results for this expert advisor. As such, we cannot analyze how the robot would perform based on archival data.

Happy Way live trading account review

Growth chart of Happy Way

Growth chart of Happy Way

This live trading account on Myfxbook was launched on June 21, 2021. The EA has placed only 84 trades through this account, which means it hasn’t been exposed to different market scenarios. Currently, the win rate for this account is 68% and the total profit is only $206.59. The time-weighted return and absolute gain both stand at 8.26%.

This account has average daily and monthly gains of 0.04% and 1.35%, respectively. Compared to other expert advisors, the gain percentages are not that high. It has a drawdown of 18.89% and a profit factor of 1.89. The average win for the account is 85.51 pips/$7.68, while the average loss is -96.33 pips/-$8.57.

Trading results of Happy Way

Trading results of Happy Way

Looking at the trading history, we can see that the robot has suffered consecutive losses in recent times. It has a low trading frequency and sometimes conducts only 2-3 trades every month.

Pricing

There are two pricing plans for this expert advisor. The first plan provides you with 2 licenses in exchange for 299 Euros. With the second plan, which costs 499 Euros, you get 5 real licenses. The prices are close to the market average price for Forex EAs. When you purchase either plan, you get the Happy Forex Full Pack containing 10 EAs, free of charge. The vendor offers a 30% discount on both plans.

Both the plans come with an unlimited number of demo accounts. The license is for the first month after which it is automatically renewed for a lifetime. There is a 30 days money-back guarantee for this expert advisor.

Is Happy Way robot a scam?

Happy Way is an expert advisor that has not spent too much time in the live market. As such, we don’t know whether it is capable of winning profits in all kinds of market conditions. Also, we have very little information on the parent company behind this Forex robot.

User review for Happy Way on Forexpeacearmy

User review for Happy Way on Forexpeacearmy

There are few reviews for Happy Forex on Forexpeacearmy, and in one of them, the customer talks about the Happy Way robot. They claim that their account blew up while trading with this system and that it does not have stop loss with unlimited high risk.

Customer support

The official website has a live chat feature, but the vendor has not shared any official contact information. You can use the contact form to send a message to the support team.

Happy Way

6

Happy Way is a robot with a short trading history that uses a grid strategy. It works on multiple currency pairs, but we don’t have too much information on the trading strategy. Also, the parent company does not have a stellar reputation.

  • Verified trading results
  • Short trading history
  • Lack of vendor transparency
  • Lack of strategy insight

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