Happy Forex EA is a well-known developer of the automated Forex trading tools. The company owns 15 different trading products on its official website. Read our full review to know about the advantages and disadvantages of this robot.
How Happy Forex EA works
Happy Forex EA uses a grid strategy without the martingale approach. The system uses indicators for safe entry into the market with no News filter. It trades on multiple currency pairs and is compatible with all brokers.
The developers feel they have found the perfect robot that can provide stable profits with low drawdown. The expert advisor supports ECN brokers and executes trades on the H1 timeframe. There is 24/7 customer support and 30-days money-back guarantee provided.
Features
Following are some of the features of Happy Forex:
- Easy setup and installation
- Lifelong updates and upgrades
- 30-days money back guarantee
- Grid strategy
- Trading is performed on the MT4 platform
- Compatibility with all brokers
Follow the following steps to go ahead with the program:
- Buy the robot from the website
- Download the robot files on your PC
- Start your MT4 on your computer and log into your account
- Drag the downloaded robot files into the charts section
- Enable auto-trading
Applied strategies
As mentioned above, Happy Forex uses an averaging strategy without implementing martingale. It then employs a news filter and technical analysis for making a safe entry into the markets.
From the history presented on Myfxbook, it was observed that the algorithm has a swing approach for trades with an average trade duration of 9 days. The system trades on AUDUSD and EURCHF, and there is no fixed stop loss attached with positions.
The backtesting results of Happy Forex are available for the AUDUSD symbol on a one-hour timeframe. The developer deposited the initial amount of $1000 and gained a net profit of $2250.03. The records were tested in every tick model with a quality of 99.90%.
The drawdown value was shown as 20.17%, and the profit factor was 2.10. The system did 891 trades, out of which 639 were a winner, and 252 were lost.
Happy Forex trading results
Live records of Happy Forex EA are available on the Myfxbook. The expert advisor started trading in June 2021 and is 38 weeks mature. The developer deposited $2500 on a real portfolio, and the account’s total balance stands at $1386.83. The system showed a gain of +48.48%, with a profit factor of 2.42. The drawdown value of the robot is 18.71% which can be considered low compared to other algorithms available in the market.
Price and refund
The Happy Forex is offering 10 EAs on a single purchase. The products are on a 30% limited time discount. The expert advisor comes with two subscription offers. For an amount of 299 Euros, you get two activation keys. Meanwhile, users can pay 499 Euros for five licenses.
You get free lifelong updates, unlimited usage of the keys, a user guide for setup, 24/7 customer support, and a 30-day money back guarantee. Visa, MasterCard, American Express, etc., can be used for the transaction of money.
Other notes
Traders showed their honest opinions about Happy Forex on third-party platforms like Trustpilot and Forexpeacearmy. Thirteen user comments are present on Trustpilot alone, with a total rating of 4.5. Warren Tyler, a customer on Trustpilot, commented that he is satisfied with the performance of the EA and is the best he has ever seen.
