Happy Frequency trades on MetaTrader 4 platform and is compatible with all brokers and accounts like Micro, Standard, ECN, etc. The developer claims that the robot is 100% automated, and drawdown is limited with a news filter.
The algorithm is designed to work with various currencies in the M5 timeframe. Read our full review for a more detailed analysis of this expert advisor and learn about its pros and cons.
Happy Frequency: to trust or not to trust?
Happy Frequency merges the concepts of the grid, hedge, trend, and semi-martingale according to the risk value of EA. The algorithm is designed to work on USDCAD, EURUSD, EURGBP, EURJPY, EURCHF, GBPUSD, AUDUSD, USDCHF, and USDJPY. It’s supported by ECN brokers, the most trusted in the market.
The features include:
- Free updates and upgrades
- Compatibility with ECN brokers
- Auto-quotes detection for up to 4 or 5 digits
- Works on different pairs of currencies.
- Easy to install and run
To go ahead with this system, follow the following steps:
- Buy the robot from the developer site
- Download the expert advisor on your computer
- Open MetaTrader (MT4) platform and place the algorithm in the experts’ section
- Drag the robot onto the chart section
- Enable auto-trading
The developer states that the robot uses grid/hedge and martingale strategies with a news filter. As mentioned before, it can trade on multiple currency pairs in the M5 time frame. From the live records on Myfxbook, we can observe that it uses a virtual exit for each trade and swings trade the markets with an average trade length of three days.
Happy Frequency comes in 2 different packages, available for 299 Euros, including two real accounts, unlimited demo accounts, a user guide, 24/7 support, and a lifelong license.
The second package costs 499 Euros with five keys for real accounts. The developer claims a 30 days money-back guarantee. Visa, Mastercard, PayPal, Union, etc are the available modes of payments.
The live records of Happy Frequency were given on the official website of Myfxbook, starting from 7 July 2020, where the developer funded their account with 4000.02$. The algorithm participated in 5465, with a winning ratio of 81%. The system showed a gain of +98.29%. Stats show that the best trade was 38.40$. The average trade length was three days with a profit factor of 1.85.
The record shows that the drawdown of the Happy Frequency is almost 41.03%. The graph shows fluctuation in a short period, which jumps up and down while trading.
Happy Frequency EA is a powerful tool established by Happy Forex Group. The company was founded in 2016 and developed multiple expert advisors that are now available in the market.
The website provides a link to different platforms such as Facebook, LinkedIn, Twitter, Pinterest, etc. Traders can reach out to the author by filling out an online form. The vendor provides 24/7 customer support, which investors can use to ask questions and clear their inquiries.
Traders on Forex Peace Army give the company a total rating of 3.524. One of the traders states that their real account is experiencing a lot of success with one of the algorithms from the company. The customer support is satisfactory.