Happy Forex assures users low risk and consistent returns with its grid-based approach. As per the vendor, this is a completely automated system that has settings and options designed for use on multiple currency pairs. The ATS is compatible with all brokers with a maximum of 4 spreads. It works on the Metatrader 4 platform and is compliant with FIFO rules. The Happy Forex company develops and promotes this FX EA. Other products of the firm include Happy Gold, Happy Martigrid, and more.
Happy Forex: to trust or not to trust?
As an MT4 tool, this FX EA does not use dangerous methods like the Martingale. It uses news filters and technical analysis for safe entries. The vendor provides verified real live trading results that show stable profits and low risk. Further there are other factors like the money-back guarantee that indicate the reliability of the system. In this review, we have delved deep into the various aspects of this FX robot to verify its dependability.
Features
Some of the key features that the vendor claims make this expert advisor competitive in the market are:
- It trades 24/7 .
- The software is easy to install and use.
- It supports ECN brokers.
- This ATS can detect 4 or 5-digit quotes automatically.
- It is 100% automated.
- The EURCHF, AUDUSD, GBPUSD, and EURUSD are the pairs it works on.
- A timeframe of H1 is used by the EA.
The main strategy used by the FX robot is the grid method. It involves the use of reinsurance positions. The vendor states that the grid approach does not include an increase in the lot size as seen in the Martingale method. Additionally, the ATS uses technical analysis and news filters for identifying profitable entries and exits.
You can buy this FX robot for €299 (2 licenses) and €499 (5 licenses). The package comprises 10 EAs including the Happy Forex EA. Additionally, the vendor offers a 30% discount and a bonus Happy Indicator Pro. A 30-day money-back guarantee is present. The package includes 3 trade sets in one EA.
Now that we have evaluated the features of the system, we have identified some important factors that influence the trustworthiness of the product. The factors are listed and explained below:
- Verified trading results
- Low drawdown
- Pricing and refund
Verified trading results
The vendor provides a real live USD account verified by the myfxbook site. The account uses the ForexMart broker and the leverage of 1:500 on the MT4 terminal. A screenshot of the account stats and growth graph is shown here:
The above stats show a total profit of 35.17%. We can see the account has grown steadily from the growth chart indicating a stable income. The drawdown of 18.71% is low indicating the risk involved is minimal. Traders can rely on this system to provide a small but consistent income without any associated risks.
For the account that started in June 2021 with a deposit of $2500, a total of 158 trades have been executed with a profitability of 69% and a profit factor of 2.38. The trading history reveals a lot size of 0.01 is used for the trades. From the live trading results, we can see that the risk is very low from the lot size and the drawdown. Although the profits are not very high, the stats show a small but steady profit and growth of the account without high risk. Traders averse to taking big risks with their capital will find the system favorable.
Pricing and refund
When compared to the average market price, we find the price of this FX robot is very affordable. You get 10 EAs for the price and additionally the vendor offers a 30% discount and a free indicator. Further, a 30-day refund offer is also present which shows that the vendor is confident of the system being effective.
Support
Customer support for this EA is provided via different methods including an email address, live chat, TeamViewer, and AnyDesk. The vendor promises 24/7 support. An FAQ section is also present to answer the commonly asked queries of customers.