Happy Algorithm Pro is a program that makes it possible for users to automate their analytical and trading processes in the MT4 account. It essentially trades on your behalf based on its rules and predefined conditions. New and old users can apply this system in their trading with no difficulties.
The EA was developed by Happy Forex, a company that also sells other systems like Happy Martigrid, Happy Frequency, Happy Fast Money, Happy Way, Happy Trend, etc., on its official site.
You can purchase Happy Algorithm Pro at €299 and obtain 2 licenses to trade real accounts or at €499 and receive access to 5 real accounts . Additional features you get by purchasing any of the packages include free updates, unlimited demo accounts, a user guide, a free indicator, and other EAs at no cost.
Here is a list of the EA’s key features:
- It is 100% fully automated and engages in trades round the clock.
- Support is for ECN brokers.
- Auto-quotes for 4 or 5 digits are detected.
- It comes with a 30-day money-back guarantee.
- It’s simple to set up.
- The main traded pairs are EURUSD and USDCHF.
These are the requirements needed to get the robot working:
- Metatrader 4 platform
- Windows 7,8,10,11
- Linux or Mac OS
- Micro, mini, or standard account type
- A minimum deposit of $1000, $10, or $100
Happy Algorithm Pro trading approach
The robot’s strategy majorly involves measuring correlative deflections and performance of settings, as well as analyzing statistics to obtain optimal hide TP and SL. After measuring the valid deflection of the price of the chosen correlative pairs, the EA exhibits the difference in the form of a line. The presentation of the close is done using certain limits, which are then counted. When the close goes past the limit, a trade is initiated. But if the close goes back to the middle value, the position is closed.
Happy Algorithm Pro backtesting results
The backtest data of the system is missing. This shouldn’t worry you. Sometimes backtesting doesn’t work, given that market conditions change continuously. As a result, they may lack relevance in the present market.
Happy Algorithm Pro live trading results
Happy Algorithm Pro started off its trading activities on the above account with a capital of $1500 back in June 2021. Since then, it has been making an average monthly profit of 3.84%, which has accumulated over time, leading to a total gain of 39.03%. To date, the realized profit amount is $245.05, while the drawdown is 66.49%.
Although the drawdown is high, the profit chart looks good and constantly growing. It may be an option for those traders ready to trade with high risks and obtain not very high but stable profits.
The system had no losing month in 2021.
For now, February has the highest profitability rate–3.44%.
From the trading summary table above, it is apparent that the system indeed trades with only two currency pairs. To date, the EURUSD currency pair has generated more favorable outcomes than the USDCHF symbol.
Trades are carried out from Monday through Friday. Thursday sticks out as the most active period of the week.
What are the risks with Happy Algorithm Pro?
As far as we are concerned, it might be risky to use the system to trade the USDCHF system since it produces poor outcomes.
There’s a single review for this system on FPA. The trader, who posted the review a decade ago, gave it a five star, saying that it generated profits for him in volatile markets. The fact that the robot existed back in 2012 and is still in the market communicates something important. Apparently, it can withstand different market conditions.
What are the pros and cons of investing in Happy Algorithm Pro?
|Fully automated||Vendor transparency is unsatisfactory|
|A 30-day money-back guarantee is offered|
|Live trading results are on Myfxbook|
Happy Algorithm Pro Conclusion
The devs are running the EA on a trusted site (Myfxbook), which shows that they are pretty much confident about its inner workings and performance. Although the EA trades with high drawdowns, we have established that it is profitable and can hence make your trading worthwhile. Moreover, the provision of a refund policy indicates that the team is committed to ensuring the product benefits you.