Today, we’d like you to read another review about Happy’s products. It’ll be about Happy News. As we can expect from the name, the EA works with news impacts. Typically, the presentation starts with the offer, so, here it goes.
Happy News “places pending orders in both directions so that if the news has a significant impact on the Forex rates, you are set and ready to cash in on the market momentum.” The news is provided by ForexFactory or similar services. EA allows us to trade all the news or just the news related to the current symbol/chart. EA has got four updates: now, its version is 1.3.1. Updates have brought the next features: added symbols GBP/USD, AUD/USD, and USD/JPY, added new alert options.
The devs suggest us to use Admiral Market with volatility protection (FCA, the minimum deposit is $200).
The EA’s requirement and features:
- MT4 trading.
- ECN account.
- $100 minimum deposit.
- No martingale, hedging nor grid strategies allowed.
Happy News trading results
As we can see, it’s a demo USD account on Fort Financial Services instead of the suggested Admiral Market. EA trades with 1:500 leverage on the MetaTrader 4 platform. Track Records, as well as, Trading Privileges aren’t verified. The total gain was +507.28%. The monthly gain is +3.52%. The maximum drawdown was high and amounted to 31.31%.
There have been traded 659 trades with 973 deals. The longs position win-rate was 86%, the shorts one was 85%. The average trade length was five minutes. The profit factor amounts to 1.39.
Happy News works with 4 symbols. The most profitable is EUR/USD.
It trades during several scalping hours, but the most preferable is 3 p.m. during a European market opened.
If we take a look at the days it’ll look like a strange ladder where during Fridays opens the most trades during a week.
The robot runs the account with medium risks.
EA places for one deal 1 pip SL, but for other ones 15 pips.
During 2019 Happy News trades quite well.
But 2020 is so far so bad for it.
Pricing & Refund
The offers for every product look the same. It’s ridiculous. The EA costs 300 EUR without 30% OFF. The total price is 210 EUR and 350 EUR. The packages vary by the number of licenses. Also, we’ll receive unlimited demo accounts, 10 EAs on the board, user manual, extended 24/7 support, free updates, no restrictions, Happy Gold MT5 version, Happy Indicators PRO, and a 30-day money-back guarantee.
In EAs Happy Forex full pack (10xEAs) are included: EA Happy Frequency, EA Happy News, EA Happy Gold MT4/MT5, EA Happy Forex, EA Happy MartiGrid, EA Happy Way, EA Happy Market Hours, EA Happy Algorithm PRO, EA Happy Fast Money, and EA Happy Trend.
How good is Happy News in 2020?
Pros
- The strategy is well explained.
- Low deposit requirements.
- 3rd-party verified trading results.
- Good “profit factor.”
- Welcome support.
- 30% OFF.
- The 30-day money-back guarantee.
Cons
- Demo account trading results.
- No feedback provided.
- High price.
- Bad results in 2020.
- Strange SL placement.
- No updates about the money-management system so far.
