The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Happy MartiGrid Review: Is It a Good EA to Buy In 2021?
    Automated Trading Forex Robots

    Happy MartiGrid Review: Is It a Good EA to Buy In 2021?

    November 18, 20214 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Happy MartiGrid
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Happy MartiGrid is a fully-automated Forex robot that promises the best stability and profits. It is compatible with different operating systems and account types. This FX EA is a product from the Happy Forex team, based in Germany.

    The presentation on the official website is not very detailed. After providing a short description for the EA, the vendor has highlighted the minimum requirements and features. There are multiple links for live trading accounts and backtesting results. Here, you can also find the pricing details and the special offer. 

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    We know very little about the history and background of Happy Forex. There is no official contact information. All we have is a contact form and the link to the Facebook handle of the company. Other products from this team include Happy Galaxy, Happy Power, Happy Neuron, and Happy Breakout.

    Key features 

    You can get dual licenses for this Forex EA in exchange for 299 Euros. For 5 licenses, you need to pay 499 Euros. Both of these plans will get you the Happy Forex Full Pack containing 10 additional EAs, free of charge. The vendor offers a 30% discount on the license price and there is a 30-days money-back guarantee as well.

    Happy MartiGrid trades in pairs like AUD/NZD, EUR/JPY, EUR/USD, NZD/USD, and USD/JPY. It is compatible with Linux, Mac OS, and Windows operating systems. You can run this EA using the MT4 platform. It is suitable for micro, mini, and standard accounts. The minimum deposit for this EA is $3000. For its live trading account, the robot uses 1:500 leverage.

    Happy MartiGrid trading approach 

    This Forex EA uses a martingale/grid strategy involving technical indicators and a news filter. It has dynamic step and profit settings. Now, the martingale/grid combo is extremely risky and difficult to pull off for beginners. If the market turns unfavorable, it can lead to huge losses. This is why experts always advise against using this trading scheme.

    Backtesting results 

    Backtesting results of GBP/USD
    Backtesting results of GBP/USD

    This backtest was conducted using an every tick model, from 2008 to 2012. The EA placed 6101 trades during the testing period, managing to win 74.20% of them. It generated a total profit of $8839.55 and had a profit factor of 1.92. 

    The relative drawdown for this backtest was a bit high at 26.75%. This is indicative of a risky strategy that leaves the trader open to substantial losses. There were 26 maximum consecutive wins and 8 maximum consecutive losses.

    Happy MartiGrid live trading results 

    Growth chart of Happy MartiGrid
    Growth chart of Happy MartiGrid

    This is a live trading account on Myfxbook that was launched on March 10, 2018. As you can see, the owner has not updated the account since June 17, 2021. Thus, we have no way to determine whether the system is suitable for the current market conditions. 

    At 62.97%, the drawdown is much higher compared to the backtest. The account has a win rate of 76% and the total profit is $7182.42. Currently, the daily and monthly gains are 0.08% and 2.735 respectively, while the profit factor is 2.31.

    Trading results of Happy MartiGrid
    Trading results of Happy MartiGrid

    That the robot follows a risky strategy is very obvious from the trading results. It occasionally suffers consecutive losses and thus we cannot consider it reliable.

    What are the risks with Happy MartiGrid?

    Happy MartiGrid is an unreliable robot, primarily because of its risky martingale/grid combo strategy. The trading results tell us that this trading scheme leads to heavy losses. Also, there is a clear lack of vendor transparency.

    Worth noting!

    We were unable to find any reviews for this Forex EA on third-party websites. Thus, we can assume that not many traders have used this system for live trading. 

    What are the pros & cons of Investing in Happy MartiGrid

    ProsCons
    Verified trading statisticsRisky martingale/grid strategy
    Lack of vendor transparency
    No customer reviews

    Due to the risky strategy and the lack of information about the parent company, we cannot deem this robot reliable. With no user reviews, it is impossible to tell whether traders have had a decent experience with it.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    Happy MartiGrid Conclusion

    22% Summary

    Happy MartiGrid is an expert advisor you should avoid at all costs. It trades with a strategy having a high risk of ruin. There are no unique features in this system that can help you gain an edge over the market. The live statistics show us how dismally this performs in the live market.

    • Features 2
    • Pricing 3
    • Strategy 2
    • Performance 2
    • Reliability 2
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022
    social trading

    Best Social & Copy Trading Platforms

    June 30, 2022
    Gunbot Review: Pros, Cons, Recommendations
    5.3

    Gunbot Review: Pros, Cons, Recommendations

    June 28, 2022
    Smart Crypto Bot Review: Pros, Cons, Recommendations
    4.6

    Smart Crypto Bot Review: Pros, Cons, Recommendations

    June 27, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      −  1  =  1

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.