Happy Breakout Review: Does It Win or Lose?

Happy Breakout is a system that claims not to work with dangerous strategies such as the grid, hedging, arbitrage, and martingale. It trades on the EURUSD and GBPUSD currency pairs. But before you begin trading with the EA, the vendor strongly advises that you test it with minimal risk. This way, you can be sure you are working with a tool that will make your investment worthwhile.  

What is Happy Breakout?

The system has a variety of features, which can be found below:

• Is fully automated and supports ECN brokers.
• It has autodetection of 4 or 5 digit quotes.
• The system works with these operating systems: Windows 7, 8, 10, Linux, and MacOS.
• It’s compatible with both the MT4/5 terminals.
• The robot can work on either the M30 or H1 timeframe.
• It is recommended that you utilize a VPS or hosting server with minimal network latency to the broker’s server.
• The minimum recommended deposit is $100.
• When selecting a broker to trade, you are advised to put these into consideration; low commission, high quality execution, and low spreads.
• The maximum spread is 10 points and the maximum stop level is under 10 points.

Happy Breakout official website

The official website includes basic info about the robot. As such, the devs highlight its price, trading strategy, features, recommended settings, FAQs, contact details, backtest results, and blog articles. You can also find several links to the EA’s live performance on FXStat.  

Happy Forex is the vendor of this EA. The company has also produced a variety of other trading tools like Happy Martigrid, Happy Trend, Happy Market Hours, Happy Way, and many more. The firm mainly operates online, and its physical headquarters are not known. 

How can we use Happy Breakout?

The expert advisor generally generates trading signals for the user automatically. It will search for trades in the market based on a set of rules the vendor has created. Once the system identifies a trading opportunity, it will place a buy/sell order and close it when profits are made. 

Pricing and refund

The one-time price for Happy Breakout is €550. By paying this amount, you obtain access to the client section that provides an unlimited number of real/demo accounts. You will also receive free updates, a 30-day money-back guarantee, and a bonus Happy Forex Full pack with 10 EAs for free. 

Trading strategy

The EA relies on the breakdown of the most vital support and resistance levels to make profits. This approach is allegedly optimized utilizing real ticks with 99.90% model quality. Stop loss and trailing stops are also applied to safeguard a trader’s profits. 

The EA traded on the EURUSD currency pair with 2012-2015 historical data. In the end, it managed to enlarge the deposit from $1000 to $553363.29. This represented a profitability rate of 71.11%. A low maximum drawdown of 14.49% was made, and the average profit trade ($1107.72) and loss trade (-$848.45) reported show that the EA made more wins than losses.  

Current performance

This is a real account that Happy Breakout has managed since November 2020 to date. It started off with a $1000 balance, and the profit made all this while is $192.49. This is equivalent to a 19.05% growth rate. The drawdown (24.01%) figure is still low, and therefore, the user’s capital is safe. The daily and monthly profits are 0.05% and 1.04%, respectively. 

For now, we have 644 completed trades with a profitability rate of 63.98%. The profit factor is 1.04, and for the most part, the EA holds a trade for 0.22 hours. More sell (327) than buy orders (317) have been placed. 

It is true that the robot trades on 2 currency pairs. Fixed lot sizes are applied as well. Buy and sell stops are used mainly to reduce losses. 

What customers say

Happy Breakout hasn’t necessarily received any customer feedback as of now. However, the vendor (Happy Forex) has a 3.542 rating on FPA based on 5 reviews. This means that people find their products to be useful. Therefore, it is highly likely that this EA will receive positive feedback once traders begin using it.