Happy Galaxy is a Forex expert advisor that works on both Metatrader 4 and Metatrader 5. It is a fully automated trading system that is compatible with multiple currency pairs.
On the official website, the vendor has provided a short introduction to the robot, followed by a list of features. We have a set of recommendations, along with backtesting and live results. The vendor has also highlighted the special offer along with the pricing details.
This EA is a product launched by the Germany-based Happy Forex team. We don’t have any background information on this company and the people working in it. The vendor has not shared the details of the team members and there is no official contact information.
You can purchase Happy Galaxy for the price of 299 Euros. For each purchase, the vendor offers the Bonus Happy Forex full pack containing 10 EAs for free. Those who already own the full pack EAs get a discount of 30%. There is a 30-day money-back guarantee for this expert advisor.
Happy Galaxy trades in popular pairs like EUR/USD, GBP/USD, USD/CHF, EUR/CHF, and EUR/GBP. The minimum required deposit is $1000, but the vendor recommends starting with $2000 for better results. You can run this EA on H1 charts and install it on operating systems like Linux, Mac OS, and Windows.
The robot is FIFO compatible and supports ECN brokers. It can perform autodetection of 4 or 5 digit quotes. You can make it work with any broker of your choice. However, the developer recommends signing up with the VT Markets broker since it offers maximum leverage of 1:500, swift execution, and a 20% bonus on every deposit.
Happy Galaxy trading approach
This robot has in-built methods for finding out which direction the trend is moving. It uses a news filter to reduce the drawdown in volatile markets. The vendor has not shared any further details on the trading strategy used by this EA.
This backtest was carried out from January 2020 to September 2021. During the testing period, the robot conducted a total of 953 trades, winning 69.05% of them and generating a total net profit of $6476.74. It had a high profit factor of 3.10 and a relative equity drawdown of 57.53%. The high drawdown indicates a risky strategy. There were 23 maximum consecutive wins and 8 maximum losses for this backtest.
Happy Galaxy live trading results
Since its launch on July 27, 2021, this account has made a total profit of $647.94. After conducting 597 trades, the win rate currently stands at 81%. Compared to the backtest, the profitability is much higher. At this moment, the average daily and monthly gains for this account are 0.35% and 11.26%, respectively. The drawdown of 42.84% is slightly lower in comparison to the backtest, but it is still higher than normal considering the account trades with medium risk.
From recent history, we can see that the EA trades with a constant lot size of 0.01. As we suspected from the high drawdown, it is capable of suffering heavy losses occasionally. In the month of October 2021, it suffered two large losses back to back. The average win and loss for this account are 24.55 pips/$2.73 and -55.41 pips/-$5.80, respectively.
What are the risks with Happy Galaxy?
Happy Galaxy is a robot sold by a vendor with no available background information. The vendor has not explained the trading strategy in detail. Also, the robot trades with a high drawdown and this means you can lose a lot of money while trading with it.
The only way to get support for Happy Galaxy is to send a message using the contact form on the website. We were unable to find any user reviews for this expert advisor on websites like Myfxbook, Trustpilot, Forexpeacearmy, and Quora.
What are the pros & cons of investing in Happy Galaxy?
|Verified trading results||No user reviews|
|Lack of vendor transparency|
Evidently, this EA has too many shortcomings. Its live trading account hasn’t been active for too long and we don’t have any reviews that tell us about the user experience.
Happy Galaxy Conclusion
Happy Galaxy is a robot that is sold at an affordable price and is backed by verified statistics. However, it uses a high-risk strategy that leads to a high drawdown. Also, there are no customer reviews for this robot on third-party websites.