Happy Gold does not implement the risky grid and martingale strategies. It works on an ECN account with a minimum deposit of $100. The robot comes with multiple live account results to verify its performance. We will go through each detail of the system so that you can know if it works or not.
The company fails to give us any insights on the developers. We only know that the EA is developed by Happy Forex.
Happy Gold at a glance
|Strategy||Scalp, swing and news grid|
|Timeframe||M15, M30, H1, and H4|
Happy Gold functionality
The robot has the following features:
- It does not use grid and martingale strategies which are dangerous
- It comes with support for ECN brokers and detects 4 and 5 digits automatically
- It can be installed easily
- It provides verified statistics for all the systems on Myfxbook
There are filter spread, virtual stop, and stop-loss settings that can be modified.
Happy Gold trading strategy tests
The developers state that the robot can use multiple strategies, including scalp, swing, and grid news, using the zigzag indicator. It works best on gold at M15, M30, H1, and H4 charts. The zigzag indicator is responsible for tracking and maintaining a link between extreme points on the charts. Through the trading history on Myfxbook, we can see that the EA does use a scalping approach to trades. It can exit as high as 240 pips for both take profit and stop loss.
Backtesting results are available for multiple settings. For Happy Gold v1.5, the robot had a maximum drawdown of 11.13% and turned an initial deposit of $50000 into $161385.17. It had a winning rate of 22.88% with a profit factor of 4.48. The average amount of profitable trades was $326263.35, while the average amount of losing deals was -$107818.69. There were a total of 1676 trades executed during this period.
Happy Gold real trading results
Real trading results are tracked via Myfxbook, which shows performance from June 09, 2021, till the current date for V2.0. Since then, the robot has had an average monthly gain of 19.27%, with a drawdown of 8.24%. The drawdown value is comparatively low in regards to the backtests and may increase in the future. There were 48 trades in total, with 96.42 lots traded. The expert advisor traded with a winning rate of 83% with a profit factor of 2.91. The best trade was $474.24, while the worst one was -$563.34.
Customer reviews are present on Forex Peace Army, which gives the company a rating of 3.542 for a total of 5 reviews. FPA has removed one of the reviews stating that it came from the same location as the company. Maybe the developers tried to increase their rating to attract traders.
Happy Gold Review SummaryHappy Gold
Functionality2/5 BadThe robot works on MT4.
Trading strategy2/5 BadThe developer fails to provide good information on the strategy.
Live Results2/5 BadLive results show performance for a short duration.
Customer support2/5 BadCustomer support is available only by contact form.
User reviews2/5 BadOnly 5 customer reviews are available.
- It offers a 30-day money-back guarantee
- The live records are for a short duration
- No transparency of developers
- It only works on MT 4