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Happy Power Review

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Happy Power

Happy Power is a fully-automated expert advisor that is compatible with both MT4 and MT5 trading platforms. As per the vendor’s claims, the robot can find the most favorable entry points in the Forex market. It is a one-currency expert advisor that works on multiple operating systems.

How Happy Power EA works

On the official website, the vendor has first highlighted the pricing details and the special offer. Then we have a brief description of how the EA functions, followed by a list of features and recommendations. There are a couple of verified live trading accounts on Myfxbook as well as the backtesting results. The website has different sections like Blog, FAQ, Affiliates, Contact, etc. 

Happy Forex, the parent company, is based in Germany. This company has a reputation for building reliable EAs like Happy Neuron, Happy Galaxy, Happy Trend, Happy Breakout, Happy Fast Way, Happy Market Hours, and Happy Gold. It has been in the business since 2016 and gained trust from traders worldwide.

This is an EA that is compatible with ECN brokers, and this means you get access to better trading conditions and execution. With these brokers, you can earn more profits while trading efficiently. The robot can perform auto-detection of 4 or 5 digit quotes. It has a simple installation process, and you can run it on any broker. 

The supported operating systems include Linux, Mac OS, and Windows. It is only compatible with the EUR/CHF pair and the vendor recommends loading it on M30 charts. The minimum required deposit is $1000, but the developer recommends using at least $3000 for optimum results. 

Applied strategies

Happy Power finds entry points in the market with the help of artificial intelligence technology. It contains a self-adaptive market algorithm with reinforced learning elements. Unlike supervised learning, you don’t need labeled input and output pairs. Also, you don’t need to perform sub-optimal actions for explicit correction.

Backtesting results of EUR/CHF on the official website.

The EA conducted this backtest from 2020 to 2021 using an initial deposit of $1000. After conducting 9653 trades it generated a total profit of $6685.26. For the testing period, it had a very high win rate of 76.86% and an impressive profit factor of 2.39. The drawdown was 34.95%. There were 101 maximum consecutive wins and 61 maximum consecutive losses for this backtest. The EA successfully managed to win more trades than it lost, thus generating a substantial profit. We can say that its performance during the test was quite satisfactory.

Happy Power trading results

Growth chart of Happy Power on Myfxbook.

Let’s analyze the trading account the dev shares on their website. This account is called Happy Power v1.0 FM (High risk). Obviously, the system trades with a risky approach. Let’s see what we have. 

Since November 30, 2021, the EA has conducted 1915 trades through this real-money account on Myfxbook. It currently has a win rate of 71%, which is slightly less compared to the backtesting results. However, it is still quite satisfactory. The account has a decent profit factor of 1.59 and a time-weighted return of 43.19%. 

The growth chart of Happy Power.

The growth chart looks relatively stable with insignificant ups and downs that are acceptable in trading. A rapid fall on the growth chart on March 9, 202 happened when the devs decided to withdraw a large amount of balance–$6000.

Trading history on Myfxbook.

While the daily and monthly gains are 0.35% and 10.86% respectively, the drawdown is 69.44%. Here, the drawdown is much higher than what we saw in the backtest. The total profit generated through the account currently stands at $1,450.76. It is a good result taking into account that the system has been trading since November 2021.

Trading results of Happy Power on Myfxbook.

Here we have the recent trading history of the account. As you can see, the EA has traded with a fixed lot size of 0.01 for the last 20 orders. The robot generates profits at a steady rate. The average trade length is 2 days, while the average win and loss are 26.58 pips/$2.87 and -40.16 pips/-$4.34, respectively. 

Pricing & refund

The current price of this expert advisor is 325 Euros, which is quite reasonable. By purchasing the robot, you get unlimited demo accounts and a single license for a real account. Also, the vendor offers the Happy Forex Full Pack containing 10 EAs for free. If you have already purchased the Full Pack EAs, you get a 30% discount. There is a 30-day money-back guarantee offer for this robot.

Customer reviews

User reviews for Happy Forex on Trustpilot.

There are no reviews for this expert advisor. However, Happy Forex has a rating of 4.5 out of 5 on Trustpilot, based on 13 reviews. Several users have praised the performance of the EAs sold by this company.

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