Happy Market Hours uses the scalping and trend approach to achieve profitable results. Designed for use by traders of all levels of experience, the system uses technical indicators in combination with the strategies. It works on multiple currency pairs and uses the M15 timeframe. As per the vendor, the FX EA is effective when used on an ECN or standard account. Happy Forex group is the developer of this FX robot. The company is popular for its wide array of FX robots and other FX tools ever since it was launched in 2016. Other products of the company include Happy News, Happy Neuron, Happy Frequency, etc.
Happy Market Hours at a glance
|Trading Platforms||MT4, MT5|
|Currency Pairs||EURUSD, GBPUSD, EURCHF, EURGBP, USDCAD, USDCHF|
Happy Market Hours functionality
Some of the key features of this FX EA that give it an edge over its competitors as per the vendor are:
- It is 100% automated software that has an easy installation process.
- The FX robot does not use dangerous strategies like the grid, hedging, and Martingale methods.
- It supports ECN brokers.
- The FX EA can automatically detect quotes of 4 or 5 digits.
- You can use the robot on a micro, mini, or standard account.
- A minimal deposit of $100 is required for using the robot.
- Settings for the EA include news filter, trailing stop, and currency filter.
Happy Market Hours trading strategy tests
As per the vendor, this FX EA uses scalping and trend approaches along with technical indicators to identify accurate orders. A spread filter is used which helps the EA to stop executing an order if the broker spread exceeds the spread level in the setting. The system also uses TP and SL levels as per the market condition.
A few backtesting results are present for the FX EA. Here is a strategy tester report for the EURUSD pair using the M15 timeframe. The testing was done from 2005 to 2017.
From the above report, we can see the initial deposit of $1000 had generated a total net profit of 28511188.59. A total of 1775 trades were executed with profitability of 77.75% and a maximum drawdown of 11.32%. From the results, we can see the drawdown was low indicating a low-risk approach. Further, the profits are high showing good performance.
What about Happy Market Hours real trading results
A live real USD account using the Blaze Markets broker and the leverage of 1:200 on the MT4 platform is shown here. The account is verified for track record and trading privileges by the Myfxbook site.
From the above stats, we can see a total profit of 12.52% is present for the account that started with a deposit of $5000. The daily profit is 0.04% and the monthly returns are 1.13%. A drawdown of 14.55% is present for the account.
From the growth curve, it is clear that the account shows a steady upward trend up to November 2021 following which there are irregular lows and highs until February. From mid-February, the system shows good recovery and is on an upward curve.
The growth indicates a robust trading approach and good risk management that helps to provide small but consistent profits. For traders who are not comfortable with high-risk systems, the low-risk and good recovery approach of the EA will appeal.
For support, the vendor offers an email address, an FAQ section, a live chat feature, TeamViewer, and AnyDesk.
Happy Market Hours Review SummaryHappy Market Hours
Functionality4/5 GoodThe vendor provides info on the settings, features, and updates to help understand the working method of the EA.
Trading Strategy4/5 GoodA trend/scalping approach is used by the EA to ensure profitable trades and minimal risk.
Live Results4/5 GoodLive results show low drawdown indicating low risk and the growth curve reveals smart risk management.
Customer Support4/5 GoodFor support the vendor provides an FAQ section, an email address, a live chat, AnyDesk, and TeamViewer.
User Reviews4/5 GoodPositive user reviews are present for the company on the Trustpilot site.
- It is 100% automated
- Verified trading results
- Trades with low drawdowns
- Affordable pricing
- Supports only 6 currency pairs