Happy Trend Review

Happy Trend

Happy Trend is a system that works with several indicators, including CCI, ATR, WPR, and news filter. The dev claims that it is particularly designed to meet the needs of both beginner and experienced traders. What’s more, the vendor claims that the EA can trade on any account provided that the user has the Metatrader application. 

Happy Trend was written by Happy Forex, a company famously known for developing Forex solutions for this market. Although it came into this market about 6 years ago, its location and professionals on board are still a mystery. 

Happy Trend at a glance

Price€299 or €499
Trading platformsMT4
Currency pairsAUDUSD, EURUSD, GBPUSD, USDCHF, and USDJPY
StrategyTrend
TimeframeN/A
Recommended deposit$100
Recommended leverageN/A
Money managementYes

Happy Trend functionality

You will find the other features of the robot below:

  • Free updates
  • A 30-day refund policy
  • No martingale, hedging, grid strategies are applied
  • Compatibility with ECN brokers and Windows 7.8,10, Mac OS, and Linux
  • Support for mini, micro, or standard accounts
  • Auto-quotes detection 4 or 5 digits
  • Customer support is available

Happy Trend Trading strategy tests

The system works on highly volatile markets using the news filter. As per the vendor, it initiates a single pair at a time while applying money management and trying to capture the right trend movement. Dynamic SL/TP levels along with accurate market entries are applied.  

Backtest report
Backtest report

According to this strategy tester report, Happy Trend traded on the EURUSD from January 2020 to December 2020. This is such a short trading period to capture a wide variety of market conditions. 

Moving on, the system conducted 181 trades on the H1 chart with a deposit of $1000. Consequently, revenues worth $241.09 were generated. The win rates for short positions were 85.25%, while those for long ones were 81.67%. From the 6.48% drawdown made, it is apparent that the EA didn’t trade dangerously. 

Happy Trend real trading results

Live trading stats on Myfxbook
Live trading stats on Myfxbook

There is a big contrast between the drawdown generated in the live market and the backtest period. As you can see on the account above, the EA has made a large drawdown of 34.78% in just six months of trading live. What does this tell us? Well, the strategy on board is innately risky. So, we now have a negative profit value (-$256.57) and a negative total gain (-25.66%). The remaining balance is $743.43, down from $1000. 

Performance of trades
Performance of trades

The system has implemented 368 trades, and the resulting profit of 0.67 depicts Happy Trend as a loser robot. Also, the average loss (-33.29 pips) is strikingly higher than the average win (3.42 pips). This means that the system is 9 times more likely to suffer a loss than generate a profit for the user. The win rates for long (84%) and short positions (88%) are above average, though. 

History of trading
History of trading

Different currency pairs, small lot sizes (0.04), and short time frames are applied in trading. There are no stop losses or take profits attached. 

Monthly gains
Monthly gains

February is the only unprofitable month this year. 

Risk of ruin
Risk of ruin

The account may not survive for long. 

Customer reviews

Although the vendor of this system has been reviewed by customers on both the FPA and Trustpilot platforms, none mentions Happy Trend. So, we are still in the dark regarding the kind of experience it gives users. 

Happy Trend Review Summary

Happy Trend
3 5 0 1
You can begin trading with Happy Trend with as little as $100 and also track its performance on Myfxbook before making any major investment decisions. If the current live outcomes are anything to go by, then we are afraid you won’t earn any profits using the EA. In fact, your account may be reduced to nothing within a short trading period.
You can begin trading with Happy Trend with as little as $100 and also track its performance on Myfxbook before making any major investment decisions. If the current live outcomes are anything to go by, then we are afraid you won’t earn any profits using the EA. In fact, your account may be reduced to nothing within a short trading period.
3/5
Total Score
  • Functionality
    4/5 Good
    A broad range of features are offered to traders.
  • Trading strategy
    3/5 Neutral
    The vendor reveals and describes how the EA makes trading decisions.
  • Live Results
    2/5 Bad
    The performance of the system in the live market is painfully poor, so your capital may not be safe with it.
  • Customer Support
    3/5 Neutral
    Traders can reach the support team with their questions through email or a live chat.
  • Customer Reviews
    2/5 Bad
    There’s no customer feedback, which makes it hard to determine if the EA can produce desirable or poor outcomes on traders’ accounts.

The Good

  • Small deposit amount
  • Live records are available on Myfxbook

The Bad

  • No user reviews
  • Large drawdown
  • High risk of ruin
Total
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