Happy Algorithm is a Forex expert advisor launched by the Happy Forex team. According to the developer, this system is designed for new as well as experienced traders. It can operate on large accounts with the Metatrader 4 application. It is a fully automated trading system that can function 24/7 without any manual intervention.
On the official website, the vendor has shared the pricing details and a short description of how the system functions. We have a list of minimal requirements and features. You can also find the links to verified live trading accounts.
Happy Forex, the parent company, is based in Germany. This team has over five years of experience. They are well-known for manufacturing profitable automated trading systems like Happy Frequency, Happy Gold, Happy News, Happy Trend, Happy Way, Happy Galaxy, Happy Power, etc.
Happy Algorithm PRO at a glance
|Currency Pairs||EUR/USD, USD/CHF|
Happy Algorithm functionality
This robot supports operating systems like Linux, Mac OS, and Windows 7, 8, 10, and 11. You can use different types of accounts like Standard, Mini, and Micro. For a micro account, you can start with $1000. The recommended deposit for mini accounts is $10, while that for standard accounts is $100. This expert advisor is compatible with USD/CHF and EUR/USD.
The robot has an easy setup process. It supports ECN brokers and can perform automatic detection of 4 or 5 digit quotes.
Happy Algorithm trading strategy tests
This is a robot that measures correlative deflections. To find optimal take profit and stop loss, it performs static analysis and measures the setting’s performance. After measuring the valid deflection in value for the particular pairs, the system depicts the difference in the form of a line. Once the close crosses the limit, it is traded and closed after the return to the mid value.
EA vendors usually test their systems using historical data. These tests, known as backtests, reveal the long-term performance of the EA. Unfortunately, the vendor has not shared the backtesting results for this robot.
What about Happy Algorithm live trading results
This trading account on Myfxbook was launched on June 18, 2021. Since that time, the robot has conducted 643 trades, winning 365 of them. This means the account has a decent win rate of 57%. The total profit generated through the account currently stands at $245.05.
Currently, the daily and monthly gains are 0.12% and 3.84%, respectively. Looking at the high drawdown of 66.49%, it is clear that the robot is following a risky strategy. The time-weighted return for this account is 39.03%.
Here we have the recent trades conducted through this account. For the last 20 trades, the EA has used a lot size of 0.01. We can see that it holds each trade for an average of 3 days. The average win and loss are 29.28 pips/$3.03 and -29.58 pips/-$3.10, respectively.
For two real account EA licenses, you need to pay 299 Euros, while five licenses cost 499 Euros. There is a special offer where you get the Happy Forex Full Pack containing 10 EAs, for free. The plans are quite affordable and the vendor also offers the EA at a 30% discount. All users get access to an unlimited number of accounts and a user guide. Also, there is a 30-day money-back guarantee policy.
Happy Algorithm Review SummaryHappy Algorithm
Functionality4/5 GoodTraders can get better prices since the system supports ECN brokers.
Trading Strategy4/5 GoodHappy Algorithm can determine optimal stop loss and take profit by performing advanced statistical analysis.
Live Results4/5 GoodThe live trading account for this robot has been active for several months and during this time, it has managed to generate steady profits.
Customer Support4/5 GoodThere is a contact form on the website through which you can get in touch with the support team.
User Reviews3/5 NeutralThere are no reviews for this EA, but Happy Forex has been highly rated by users on third-party websites.
- Verified trading results
- Affordable pricing plans
- Compatible with multiple operating systems
- No backtesting results