Happy Forex uses insurance positions i.e. grid strategy without increasing lot size to an abnormal extent. It uses news and spread filters before making any entry into the market for generating stable amounts of profit. The vendors provide 24/7 customer support to answer queries. We will review the product below, covering all its features to see if it can be a good option for purchase.
Pricing
Happy Forex is sold in two packages. One costs 299 Euros, and the other is sold for 499 Euros. The significant difference comes from the number of licenses that customers can access. The former grants use for 2 real accounts, while the latter allows traders to acquire 5 keys.
Both options come with unlimited demo versions, a detailed user tutorial in English, free lifetime updates, and a 30-day money-back guarantee. It should be noted that the sellers are generous enough to provide some of their other EAs as bonus products along with any purchase.
Vendor transparency
Happy Forex EA is owned by the parent brand, Happy Forex, which comprises a team of professional forex product developers. They have several other financial products and services listed for sale. Traders may contact them through email, TeamViewer, Zendesk live chat, or AnyDesk. This points toward the seller’s transparency and eagerness to serve their customers well.
Key features
The robot has the following key features:
- It is a fully-automated robot.
- ECN broker support is provided.
- An auto-quotes detection for 4-5 digits.
- 24/7 customer support is provided.
Happy Forex EA trading approach
The developer states that the robot uses averaging strategies without using martingale. It implements technical analysis to trade and comes with multiple inbuilt settings to control the number of open orders.
From the history presented on Myfxbook we observe that it uses a virtual stop loss and take profit and trades on EURCHF and AUDUSD. The EA holds trades for an average duration of 9 days pointing toward a swing trading approach.
Backtesting results
Backtesting results are available for the AUDUSD for the time period: 2012.01.01-2016.12.12. The time frame used was H1. The initial deposit of 1000.00 was converted into a net profit of 2250.03. The profit factor stood at 2.10 and the statistics show a spread value of 10 was used to test the product. The maximum drawdown demonstrated by the robot was 20.17%, which is quite good. There were 891 trades executed during this duration, out of which 71.72% were profitable.
Happy Forex EA live trading results
Verified trading results are available on Myfxbook for Real (USD) on MT4, with a leverage of 1:500. These results range from June 18, 2021, to March 09, 2022. The system made a monthly gain of 4.36%, with a drawdown value of 18.71%. This DD lies within the safety benchmark used in the industry.
The bot participated in 171 trades, of which 68% were profitable. The dollar value for the best trade is 21.50 USD, while that of the worst trade was -19.37 USD. The profit factor was specified as 2.42. The average trading length of the system is 9 days, with a lot size of 1.71
What are the risks of Happy Forex EA?
We can’t observe any risk with this system. Instead it has the following benefits:
- It provides a 20% bonus on every deposit.
- The developers are very clear about the algorithm’s strategy.
- The live trading results show that the account has a relatively low drawdown value.
Worth noting!
A satisfied customer on TrustPilot highly praises the customer service of Happy Forex and states how well it has been working for them. He gives the bot 5/5 stars. This certifies the credibility of this system from a third-party source.
What are the pros and cons of investing in Happy Forex EA?
| Pros | Cons |
| Several packages are available for purchase | Uses grid trading |
| High transparency from the sellers | |
| A low drawdown | |
| Backtesting and live records are available | |
| Positive customer reviews | |
| 30-day money-back guarantee | |
| It can trade with as low as $15 |
Happy Forex EA Conclusion
Happy Forex EA is very transparent about its operational strategy. The records and results point toward consistent and good performance. Also, the sellers provide a whole array of features to the buyers with commendable customer support.
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Features
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Pricing
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Strategy
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Performance
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Reliability
