Happy Gold is a trading solution that was designed by a Happy Forex family. The system and its presentation don’t look professional. It’s hard to tell if it’s good.
Features
The robot has not so many features explained. The rest we had to puzzle out.
- The robot can work automatically on the terminal.
- We have a “modified ZigZag indicator that tracks and connects extreme points of the chart, the distance between these points being equal or higher than the percentage specified for the price scale.”
- There are risky strategies like Scalp, Swing, Grid on the board.
- We can work only on XAUUSD.
- The time frames can be from M15 to H4.
- The system works following FIFO rules.
- It places 24 pips stop losses.
- We can work with the system on the systems: Windows, Mac OS, and Linux.
- It works on MT4 and MT5.
- The minimum deposit requirements are $100.
- The devs insisted that there are no Martingale, Hedge, or Grid.
- The broker should be ECN.
- We can work with 4 and 5 digit brokers.
- There are 2 or 5 licenses for real accounts.
- The system can rely on updates and upgrades.
- “The license is for the first month, and then you will automatically receive a free lifetime license on your email. You will pay for the license once only.” It sounds ridiculous to get this role coaster for that pricing.
How to start trading with Happy Gold
We have a standardized offer. The packages include ten almost useless and scam robots. The first pack costs €299 and includes two licenses, when the second pack costs €499 and comes with five licenses.
Once we bought the system we have to set it on the terminal. We should provide our real account number to the dev to get trading approval.
Backtests
There’s a Gold backtest report on the M30 time frame based on the data from 2018 to 2019. The modeling quality was 99.90% with 10 pips spreads. An initial deposit was $1000. The total net profit has become $518.26. The profit factor was 1.40. The maximal drawdown was 21.36%. There were 202 deals executed with 91.92% of the win rate for shorts and 91.26% for longs.
Verified trading results of Happy Gold
The system was set on the VT Markets broker automatically. The leverage was 1:500. The account has a verified track record. So, the data we see should be relevant. It was created on June 09, 2021, and deposited at $5000. Since then, the total gain has become 46.47%.
There were 42 deals with 1029 pips traded. An average win is 60.61 pips when an average loss is -119.33 pips. The win rate is 77% for longs and 95% for shorts. An average trade length is 3 minutes only. The profit factor is 2.53.
The system doesn’t trade smoothly in both directions.
The robot works mostly during the European trading session.
Wednesday is the most traded day.
The system works with sky-high risks to the balance.
The system trades with deep stop losses.
The system provides low profitability in August 2021.
People feedback
They have a page on Forex Peace Army with five reviews and a 3.5 rate. There are many accounts stopped that have horrible trading results. We have no testimonials about this advisor at all.
Is Happy Gold a viable option?
Advantages
- Backtest reports provided
- Real-account trading results provided
Disadvantages
- No team revealed
- No settings explanations provided
- No long-term trading results shown
- No risk advice given
- High pricing
- No people testimonials published
Summary
Happy Gold is a trading advisor that works with Gold only using a Grid of orders. The system was updated several months ago and was set to trade on a real account. So, we have to wait half a year to check trading results.
