Happy Forex uses an advanced algorithm characterized by stable profits and low drawdown. It uses a News filtering feature to enter the market safely. The robot trades on multiple currency pairs and is compliant with any broker with a maximum of four spreads. Let’s give you some other details about this bot to help with your decision-making.
Features
The robot has the following features:
- The EA is fully automated.
- It works 24/7 and is easy to set up.
- It provides 4-5 digit auto-quote detection.
- It has a 100% fully-automated algorithm.
The developer states that the robot uses an averaging method without martingale to get out of losing positions. It uses technical analysis to enter the markets and has a news filter to avoid volatile conditions.
From the history on Myfxbook, we observe that the robot swing trades on the market with an average trade duration of 9 days. The trades do not come with a fixed stop loss or take profit.
How to start trading with Happy Forex
To get the robot up and running, traders have to use the following steps:
- Make payment for the EA on the website
- Download the files onto the MT4 platform
- Drag the files from the bot documents onto the charts section in MT4
- Enable the auto-trading button, and that’s it
Price
Happy Forex is sold in two packages. One comes at an asking price of 299 Euros, and the other one comes at 499 Euros. The only difference between the two is the amount of real account access provided. 299 Euros provides access to 2 Real accounts, whereas traders get access to 5 real accounts in the 499 Euros package.
Both packages have 24/7 customer support, user guides, a 30-day money back guarantee, and unlimited demo accounts. As a bonus gift, the developers include Happy INDIcators PRO & Happy Gold MT5 version in the packages too.
Verified trading results of Happy Forex
Abiding by industry best practices, the developers provide backtesting records for Happy Forex for 2012.01.01 – 2016.12.12 for the AUDUSD currency pair. The results are modelled using 99.9 % tick model quality. During this time, the robot turned an initial deposit of 1000 into a net profit of 2250.03.
The maximum drawdown was 20.17% which is average according to industry benchmarks. The robot shows an imposing profit factor of 2.10 within a total of 891 trades.
Verified trading results of the EA are provided as Myfxbook links. The records trace performance from June 2021 till now. From the results, the absolute gain stands at 23.45%, with an average drawdown of 18.71%. The system accumulated a profit of $351.70 for this time period. The initial deposit amount was 1500 USD.
Happy Forex’s live results show a decent profit factor of 2.38, where the system participated in a total of 158 trades. The growth graph depicts that the EA has a steady trend when it comes to growth.
Customer reviews
Happy Forex shows an excellent 4.5 out of 5 on TrustPilot, a credible third-party rating site. Out of a total of 13 reviews, all 13 are excellent that applaud the bot’s superb performance generating profit for them. This shows that the robot has stable performance.
Vendor transparency
According to the MQL5 marketplace details, we can see that Arjun Kumar is the author of the EA. The developer has five signals on the website and has 0 products with 0 subscribers for their services. There are no certificates or live records that could highlight their experience in the market or whereabouts.
The vendor company of the bot is Happy Forex, the owner of many forex products like EAs such as Happy Forex, Happy Neuron, etc. Customers can get in touch with support through a query form provided on the website. The company also has a Facebook page, a touchpoint for many customers.
Is Happy Forex a viable option?
The robot has the following benefits and demerits.
Advantages
- Stable management is available that controls lot size
- Detailed backtesting records are available
- Very positive reviews by past-customers
Disadvantages
- No contact email provided
Conclusion
Happy Forex is very transparent about its robot’s live performance and historical records. The current live stats show that the system generates decent profit. Combined with the positive feedback from past customers, this is a very good and considerable investment option for forex trading.
