Happy News is a Forex robot that works on the Metatrader 4 trading platform. According to the vendor, it allows traders to trade the news automatically, no matter the outcome. This EA is a part of the Happy Forex Full Pack containing 10 EAs.
If you wish to purchase this EA, you have two options at hand. For 2 licenses, you need to pay 299 Euros, while 5 licenses cost 499 Euros. Happy News is a product from the Happy Forex team that is based in Germany. Their other EAs include Happy Power, Happy Neuron, and Happy Breakout.
We don’t have too much information available on the vendor and its service history. The vendor has not provided us with a physical address for the company headquarters and we don’t know anything about the developers and traders working for Happy Forex. Thus, it is not possible for us to discern whether the team has the required technical expertise to build an automated system like this.
Happy News at a Glance
|Currency Pairs||AUD/USD, EUR/USD, GBP/USD, USD/JPY|
Happy News Functionality
This is a robot that places orders in both directions to take advantage of the market momentum caused by news releases. Happy News downloads the news from ForexFactory and then filters it according to the trader’s requirements. You have the option of choosing the type of news you wish to trade. There are several filters on this EA that you can use to customize your trading scheme.
Happy News is compatible with different operating systems like Linux, Mac OS, and Windows 7, 8, and 10. You need to use an ECN account with this EA and make a minimum deposit of $100. It supports ECN brokers and can perform auto-quotes detection up to 4 or 5 digits.
When you purchase this robot, you get a user guide in English as well as installation guidance from the team. You can use a limited number of real accounts but the number of demo accounts is unlimited. For the initial month, you have to pay for the license, but any future updates are provided for free.
Happy News Trading Strategy Tests
Happy News does not use strategies like Grid, Hedging, and Martingale. That being said, we have no idea what kind of strategy it uses. The vendor has provided no information on the same, and this is quite disappointing. In the absence of strategy insight, it is difficult to gauge the system’s profitability.
We don’t have the backtesting results for this EA, and it seems like the vendor does not wish to reveal the historical performance of Happy News. Backtesting data is something every Forex trader looks for because it tells them whether it is worth testing the EA in the live market.
What About Happy News Live Trading Results
This live trading account was launched on February 25, 2016, but it hasn’t been updated since June 17, 2021. In these 5 years, the robot has placed 788 trades through this account, winning 669 out of them. As a result, it has generated a total profit of $14608.27.
While the daily and monthly profits for this account are 0.09% and 2.67%, respectively, the drawdown is quite high at 39.26%. Thus, we can understand that Happy News follows a risky trading approach that can lead to large losses.
There are no user reviews for Happy News on trusted third-party websites. Thus, we can say that the robot does not have much of a reputation among traders.
Happy News Review SummaryHappy News
Functionality3/5 NeutralCan perform auto-detection of quotes and is able to analyze the Forex news with advanced filters.
Trading Strategy1/5 AwfullyWe don’t have any information on the trading strategy used by this Forex EA.
Live Results2/5 BadThe account has a high drawdown which indicates the potential for sizable losses.
Customer Support3/5 NeutralThe vendor provides a user guide and installation support for all traders.
User Reviews1/5 AwfullyThere are no verified user reviews on third-party websites for this Forex robot.
- Verified live trading results available
- Money-back guarantee
- Backtesting results missing
- Lack of strategy insight
- High drawdown