Happy Power is a just published trading solution. It was added to a Happy Forex brand. The company is well known among the Forex related community.
Is Investing in Happy Power a Good Decision?
Only time can answer this question. The advisor is too young. It has to be running on the account for half a year or so, to start telling something for sure about it.
Company Profile
As we mentioned, Happy Forex is a well-known veteran on the market with a solid portfolio that’s split between okay robots and those that have become scams. It’s a common life of products. The last all-hot-around just from the stove is Happy Power and Happy Neuron. We’re over-watching them to keep you updated.
Main Features
There is not so much intel provided . It’s a common disadvantage of their presentations:
- Happy Power is a fully automated trading solution.
- The only symbol we’re allowed to trade is EUR/CHF.
- It can run only one chart on the one-time frame – M30.
- There’s some intel which details we don’t know “uses unique artificial intelligence technology for market analysis to find the best entry points.”
- We have doubts about the possibility of a “self-adaptive market algorithm with reinforcement learning elements.” Systems that have this are never sold.
- This is another miracle-like statement – “Reinforcement machine learning differs from supervised learning in a way that it does not need labeled input/output pair to be present, and it does not need sub-optimal actions to be explicitly corrected.”
- As we can see, there are many questions to ask support.
- The robot should be used on an ECN account.
- The system can autodetect four and five-digit quotes.
- There’s no big deal to install the system.
- We are free to use any broker.
- We can use the advisor on the next operational systems – Windows 7, 8, 10, Mac OS, and Linux.
- There are two versions MT4 and MT5, provided.
- The minimum deposit requirements are $1000.
Price
Happy Power is available for 325 EUR for a lifetime copy. We cannot buy this advisor in the common scam-like package, but we have it in addition anyway. We’ve got a 30% discount for existing customers that will be applied on checkout. The package includes one license for an unlimited number of real and demo accounts, lifetime free updates and upgrades, and a 30-day refund policy. “The license is for the first month and will be automatically free renewed for a lifetime via email.” It’s a weird case that looks like checking a provided email address.
Trading Results
There’s a middle-risk EUR/CHF backtest on the M30 time frame published. The modeling quality was 99.90%. As a result, the spreads were variable, and they matched reality. An initial deposit was $1000. The total net profit has become $2997. The Profit Factor was 2.68. The maximum drawdown was 35.61% ($811.64). The advisor has closed 3896 trades. The win rate was 75.66% for Shorts and 77.48% for Longs.
The system is applied to a real USD account. Trading goes through Fort Financial Services. It uses technical indicators data from MetaTrader 4 platform to spot trading opportunities. The leverage is 1:500. The account has a verified track record and verified trading privileges. It was created on February 25, 2021, and deposited at $1000. Since then, the absolute gain has become +79.10%. An average monthly gain is 26.27%. The maximum drawdown is dangerous for conservative trading traders – $54.43.
Happy Power has traded 1178 deals with 8240 pips. An average win is 13.86 pips when an average loss is -16.10 pips. The win rate is the same for both directions – 77%. An average trade length is a day. The Profit Factor is 2.90.
The system works with both directions almost equally in deals, pips, and profits.
The advisor prefers opening deals during the European trading hours only.
Trading activity looks weird because of Wednesday’s trading frequency. It’s too low.
There’s a less than 0.01% chance to lose 10% of the account. To make it happen, there should be 100 deals lost in a row.
We can note short and medium-sized Grids of orders.
The trading results vary month to month.
People feedback
There’s a page of Happy Forex on Forex Peace Army, because no Happy Power page existed. There are five reviews and a 3.5 rate based on them. We may notice many stopped accounts with some of them having serious losses.
Alas, there are no comments about Happy Power available, most likely, because people had no time to give it a good try.
Summing Up
- Strategy – score (2/10)
- Functionality & Features – score (4/10)
- Trading Results – score (6/10)
- Reliability – score (3/10)
- Pricing – score (4/10)
Conclusion
Happy Power is an advisor that trades EUR/CHF on a single time frame – M30. So far, it’s profitable. Trading results showed what the developers didn’t reveal. There’s a Grid strategy on the board. It’s a medium-risk strategy. The presentation tells us very little about the newly released trading system. We cannot predict how the robot will be working in several months.
