Happy Power is a new Forex expert advisor that was released several weeks ago by the Happy Forex team. This is a 100% automated trading tool designed to trade EUR/CHF currency. It is compatible with any broker and can run on the MT4 or MT5 platform. The devs of this robot claim that Happy Power can find the best trading opportunities with the help of artificial intelligence technology. We cannot rely on the vendors’ claims only. Therefore, we’ve conducted an unbiased analysis of this expert advisor to decide whether it is a worthwhile trading solution to generate constant passive income.
How Happy Power Robot Works
The presentation of the Happy Power is short and represents basic recommendations on how to trade with this EA, live trading results, backtesting reports, package and pricing details. Happy Forex team has renewed its company main page, having added information about their new product (Happy Power) in the first place:
Although Happy Forex is a well-known company that has been designing and developing many EAs for years, we still do not know anything about their identities. They are known for building robots like Happy MartiGrid, Happy Way, HappyTrend, Happy Neuron, etc.
Let’s talk about how the system works and what trading strategies apply:
- Happy Power is a fully automated EA
- It is optimized to run on MetaTrader 4 and MetaTrader 5 platforms
- It was designed to trade EUR/CHF currency pair
- It uses artificial intelligence technology to find the best Entry point
- It works on the M30 timeframe
- The robot contains a ‘self-adaptive market algorithm with reinforcement learning elements’. We do not know what the devs mean
- The devs tell us that:
Frankly saying, we do not know what they mean. We are certain most visitors do not understand this too. Whom is this written for?
- The robot supports ECN brokers
- It is compatible with any broker
- The expert advisor has autodetection of 4 or 5 digit quotes
- The software is easy to install
- The robot can be used on the following platforms Windows 7, 8, 10, Mac OS, and Linux.
- The minimal deposit requirement is $1000
The vendor failed to provide any information about the trading strategy behind this EA. Thus, it is a grey zone for us. The absence of trading strategy details may come as a huge disappointment for traders who are very particular about technical details. The developers have to be as transparent with their customers as possible. Absence of this sort of important information on their website is a red flag for Happy Power.
This is a high-risk backtesting report for the EUR/CHF currency pair. The test was run from February 16 2020 to February 12, 2021, and for this time, the robot placed 6430 trades. The robot traded with a high win rate: 80, 23% of all the trades were winning ones. The account was deposited at $1K and for 1 year of trading brought $4965 of profit. The profit factor was – 3,51. The drawdown was high – 39, 17%.
Happy Power Trading Results
Well, let’s jump to the real trading results of this EA.
On the Real (USD) trading account that is provided on the website of the developer, we see a gain of 79, 1% for 3 months of trading activity. With a deposit of $1K, the robot generated $890 of profit with an average daily gain of 0, 76%, and a monthly gain of 26, 27%. This account has a decent win rate of 77%, which is based on 908 winning positions.
Although the profit factor of this EA is high (2,90) and the correspondence of the risk/reward ratio is acceptable for trading, we are concerned with an extremely high drawdown of 54, 43%.
As you can see on the screenshot below, the robot uses a medium-sized Grid of orders:
As you can see, there is a dwindling performance of the trading results:
Pricing & Refund
A lifetime copy of the Happy Power robot is sold for 325 EUR. The devs also offer a 30% discount for existing customers. The system can run either on the MT4 or MT5 platform. The package includes an unlimited number of Real or Demo accounts, customer support, free updates, and upgrades. There is a 30-day money back guarantee provided.
Unfortunately, we could not find any customer reviews anywhere on the web. Probably it is because the system is new and not many traders know about it.