Happy Forex Review

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

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. 

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

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 A total of $1500 has been withdrawn from the account.  

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

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.  

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.