Happy Breakout does not use grid and martingale strategies and automatically detects 4 or 5 digit brokers. The robot comes with ten free algorithms from the developer and trades on GBPUSD in the 30 minute time frame. We will go through the system’s strategy and cover the live and backtesting records in our review so that you can have a better idea of the purchase decision.
Features
The robot has the following features:
- It trades on GBPUSD and supports ECN brokers
- There is no involvement of risky grid and martingale
- The robot works on both MT 4 and 5 platforms
- Free updates and upgrades are available
The developer states that the robot works on GBPUSD on the M30 and the H1 timeframe. It does not use the risky grid, and martingale strategies have a fixed stop loss and take profit for each position. It analyzes the market based on the support and resistance levels.
From the live stats available on Fxstat, we can observe that it uses a small take profit for each position which is around 1 pip. It trades using stop orders and has a trailing stop function as soon as the position enters profit.
How to start trading with Happy Breakout
To get the service up and running, traders have to use the following steps:
- Purchase the system from the developer
- Download it on your MT 4 or 5 platform
- Place it on your charts
- Do not forget to enable the auto-trading button
Price
The EA is available for an asking price of €550, and there is a 30-day money-back guarantee. There are no renting options present.
Verified trading results of Happy Breakout
Backtesting results are available for EURUSD where the relative drawdown was around 14.49%.
The winning rate was 71.11%, with a profit factor of about 3.29. The test was performed on an unknown timeframe with a history quality of 99.9%.
From $1000, the robot tanked an average profit of $553363.29. There were 1028 trades in total, with unknown deals in which the best trade was $28805.7 while the worst one was -$5460.4.
Verified trading records are available on the Fxstat marketplace that show performance from November 12, 2019, till the current date. The system made an average monthly gain of 2.29% during the period, with a drawdown of 17.93%. The stated drawdown is high when we contrast it with the monthly output.
The winning rate stood at 83%, with a profit factor of 1.09. The best trade was $647.82, while the worst was -$1183 in a total of 1148 trades. The developer made $5000 in deposits on a demo account.
Customer reviews
The algorithm has a total rating of 3.542 for 5 feedbacks on the Forex Peace Army. One of the traders says that they have bought one of the robots from the company website, and it is failing on the live account. The robot is useless as it has a high stop loss and risks the account.
Is Happy Breakout a viable option?
The robot has the following benefits and demerits.
Advantages
- Available for both MT4 and MT5
Disadvantage
- No detailed backtesting statement
- A high drawdown
- It has a high stop loss
Conclusion
Happy Breakout trading robot has a high drawdown when we compare it with the monthly gains. A high stop loss causes a huge loss on the account and wipes out all the small profits. The algorithm does not come with proper backtesting records that raise concerns about its profitability.
