Happy Forex Review

Happy Forex

Happy Forex is a profit-driven trading system that relieves you of the stress associated with monitoring the market and opening positions manually. The EA is easy to use, and since it is based on a new generation technology, you can install it on your MT4, run and start earning money with a few clicks. 

This system was developed by Happy Forex. The company, which joined the Forex market about 6 years ago, has earned itself a good reputation for producing relatively efficient bots. So far, its portfolio includes EAs like Happy Power, Happy Galaxy, Happy Breakout, Happy Neuron, etc. 

Happy Forex at a glance

Price€299 or €499
Trading platformsMT4
Currency pairsGBPUSD, AUDUSD, EURUSD, EURCHF
StrategyGrid without martingale
TimeframeH1
Recommended deposit$10-$1000
Recommended leverageN/A
Money managementN/A

Happy Forex functionality

These are the other key features of the robot: 

  • It trades 24/7 and is 100% automated.
  • It’s easy to set up.
  • The EA comes with a 30-day money-back guarantee.
  • It works with ECN brokers.
  • The system comes with an auto-quotes detection of 4 or 5 digits.
  • It supports these account types; micro, mini, or standard accounts.
  • You are required to work with any of these operating systems—Windows 7,8,10,11, Mac OS, or Linux.
  • It works with any brokers with max. 4 spreads.

Happy Forex trading strategy tests

The devs disclose that their system utilizes reinsurance positions (the grid strategy) without augmenting the lot sizes (no martingale). A technical analysis indicator is also incorporated to help the EA enter the market safely with a news filter. 

Backtest results for the GBPUSD pair
Backtest results for the GBPUSD pair

According to the backtest statistics, the EA used a deposit of $1000 to carry out 6631 trades on the H1 chart. These activities were applied during the 1999 to 2010 trading period. As a result, a profitability rate of 74.54% was achieved, which is equivalent to a net profit amount of $41677.35. 

The generated drawdown was 13.53%, which indicates that low-risk trading was applied. Win rates for the short and long positions were 74% and 75.20%, respectively. The profit factor was 2.59, a nice figure illustrating that the system was productive. 

What about Happy Forex real trading results

Live trading results on Myfxbook
Live trading results on Myfxbook

As of now, the system has increased the worth of this account by 48.48%. This is after using a deposit of $2500 to generate a $386.83 profit. The daily profit rate is 0.14%, while the monthly one is 4.36%. The EA has produced a drawdown of 18.71%, which proves that it works with low risks to the balance. A total of $1500 has been withdrawn from the account.  

Hourly trades
Hourly trades

The system is active all day, but its activities peak between 3 p.m. and 5 p.m. 

Performance of trades
Performance of trades

We have 171 completed trades that have achieved success rates of 59% for the long positions and 76% for the short ones. The profit factor (2.42) is relatively high and portrays Happy Forex as a lucrative tool. Also, it has a high winning streak, as evidenced by an average win of 55.77 pips, that is higher than the average loss (-46.55 pips). The traded lots so far are 1.71.  

Monthly returns
Monthly returns

The EA has produced profits for the account throughout this year, with March recording the highest profitability rate (10.89%) to date. 

Customer reviews

When we visited the Happy Forex Company page on Trustpilot, we found a lot of positive feedback relating to the EAs it creates. For instance, there’s a trader who admits that Happy EAs are good as they provide opportunities for growing profits. Another one claims to have used the systems for a month, and the trades match the tests and the signal. In fact, the systems supposedly recover any losses they make.  

Positive customer reviews
Positive customer reviews

Happy Forex Review Summary

Happy Forex
4 5 0 1
Happy Forex is able to produce consistent profits for the user and trade safely at the same time. The vendor’s positive reviews on Trustpilot indicate that it produces reliable tools, this EA included. Besides, the backtest results provided can give you more insight into the long-term performance of the product.
Happy Forex is able to produce consistent profits for the user and trade safely at the same time. The vendor’s positive reviews on Trustpilot indicate that it produces reliable tools, this EA included. Besides, the backtest results provided can give you more insight into the long-term performance of the product.
4/5
Total Score
  • Functionality
    4/5 Good
    The features of the robot are listed and clearly defined.
  • Trading strategy
    3/5 Neutral
    The system is non-martingale, so it doesn’t increase your trading risks needlessly.
  • Live Results
    4/5 Good
    Desirable trading outcomes are produced, showing that the robot earns users steady profits while keeping trading risks at a minimum.
  • Customer Support
    3/5 Neutral
    Customer support is available round the clock.
  • Customer Reviews
    4/5 Good
    The vendor behind the bot has a good reputation in the market, which creates more trust in this product.

The Good

  • Makes profits monthly
  • Low drawdown
  • Backtest and live trading stats are provided
  • Trusted vendor

The Bad

  • No money management service
Total
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