Happy Way uses market momentum for its trades. It is a fully automated system that works on five currency pairs mainly. As per the vendor, this FX EA is for newbies and professional traders. It can work on big accounts that are MT4 compatible. Happy Forex is the company promoting this FX robot. Other products of the company include Happy Neuron, Happy Frequency, Happy News, and more.
Company info like the founding year, team members, location address, and phone number are not present on the official site. The absence of info indicates a lack of vendor transparency.
Happy Way at a glance
|Currency Pairs||USDCAD, AUDUSD, AUDCAD, CADCHF, AUDCHF|
|Recommended Deposit||$100 for standard and $1000 for micro account|
Happy Way functionality
The vendor claims that this expert advisor has the following key features that make it competitive in the FX market:
- It works on the Metatrader 4 platform.
- The robot uses mini/micro/ standard accounts.
- Trades are executed by the robot 24/7.
- The installation is simple and quick to complete.
- It is compatible with ECN brokers.
- It is 100% automated and can auto-detect 4 or 5-digit quotes.
For the minimum deposit recommendation, the vendor recommends the use of $1000 for a micro account of 0.01 lot size. In the case of a mini account, a $10 deposit with a lot size of 0.1 is recommended and the amount is $100 for the standard account using 1 lot size.
Happy Way trading strategy tests
For the strategy, the vendor explains that the EA uses market direction. It does not use indicators and the main benefit of the system is its use of the grid strategy without increasing the lot size as in a Martingale method. As per the vendor, the options and settings present are not restricted for use in a single pair. We find the explanation is vague and insufficient making it difficult to evaluate the strategy effectiveness.
What about Happy Way live real trading results?
A real USD account verified by the myfxbook site is present on the official site. Here are a few screenshots of the results:
From the above stats, we can see the EA has used the ForexMart broker and the leverage of 1:500 on the MT4 platform. A total profit of 8.87% and an absolute profit of a similar value are present. The EA has generated a daily profit of 0.05% and a monthly return of 1.39%. A drawdown of 18.89% is present.
For a deposit of $2500, the account that started in June 2021 has completed 90 trades with 68% profitability and a profit factor of 1.91. A lot size of 0.01 is used by the robot. From the results, we find the trading frequency is very low and while the drawdown is not very high, the profits are very low. Further, the sample size is small so it is difficult to evaluate the efficacy of the system.
For support, an online contact form is present. We could not find support methods like live chat, location address, phone number, etc. With only the online contact form, users will not be able to get an instant response to their queries and concerns.
We could not find user feedback for this FX EA on reputed sites like FPA, Trustpilot, etc. However, there are reviews present for the Happy Forex company on these sites. Here are a few of the responses for the company found on the Trustpilot site.
From the reviews, we can see the company is providing EAs that are stable and profitable. For a total of 20 reviews, a rating of 4.6/5 is present.
To buy this FX robot, you have to purchase the package of 10 EAs promoted by the company that costs €299 and €499. The vendor offers a 30% discount and the Happy indicators Pro as a bonus. With the purchase, you get the FX robot software, a user guide, 2/5 real accounts based on the package you choose, and an unlimited number of demo accounts. The vendor offers free upgrades and updates. A 30-day money-back guarantee is present.
Happy Way Review SummaryHappy Way
Functionality3/5 NeutralNot much info is revealed by the vendor on the functionality of this system.
Trading strategy2/5 BadOther than the mention of the EA using the market trend, there is no further explanation present.
Live results3/5 NeutralA small sample size is present which cannot be used to evaluate the performance.
Customer support3/5 NeutralAn online contact form is the only support method the vendor offers.
User reviews4/5 GoodPositive user reviews found for the company on the Trustpilot site.
- 100% automated software
- Myfxbook verified results
- Vague strategy explanation
- Real trading results show low profits
- Inadequate support