Happy Forex Review: Does It Win Or Lose?

Happy Forex EA trades on the Metatrader 4 platform and is developed by Happy Forex. The expert advisor has been updated more than ten times and currently uses indicators for safe entry into the markets with no news filters. The developer claims that the robot can provide good profits with low drawdown value. Read our full article to analyze this robot’s key features and characteristics.

What is Happy Forex?

Happy Forex comes with the following main features:

• The EA trades on the Metatrader 4 platform. 
• It places trades on multiple currency pairs in the H1 timeframe. 
• The algorithm can trade on different types of accounts: micro, mini and standard accounts.
• The system works on a grid strategy without using martingale. 
• The algorithm is 100% automated.
• Lifetime updates.
• It supports all ECN brokers. 
• Unlimited use of the license.

Official Happy Forex website

Happy Forex is available for purchase on the developers’ official website, where all the essential features and characteristics are mentioned. The presentation of the page is user-friendly and convincing for new traders. 

How can we use Happy Forex?

Use the following steps to step up and install the robot:

1. Purchase the expert advisor from the developer’s website
2. Download the algorithm files on your computer
3. Start Metatrader 4 on your PC
4. Drag the downloaded EA files into the charts section and enable auto-trading

Pricing & refund

Happy Forex is offering a pack of 10 EAs on a single purchase, including powerful automated robots such as Happy News, Happy Frequency, Happy Gold, etc. Two packages are available on the vendor’s website; for an asking price of €299 and €499, two and five activation keys are available, respectively. The purchase comes with unlimited demo accounts, a complete user guide, 24/7 customer support, lifelong updates and upgrades, and a one-month money-back guarantee.

The developer offers a 30% limited time discount offer and an additional, Happy Indicator PRO, as a bonus. The price is very reasonable compared to other algorithms available in the market. 

Trading strategy

The developer only states that the bot is compatible with all brokers and can trade on various currency pairs. It uses an averaging strategy without implementing martingale. The trading history on Myfxbook shows us that it trades on AUDUSD and EURCHF with an average trade duration of 9 days.

Happy Forex comes with backtesting records of more than eleven years. The system started trading on 11 Jan 1999 and ended it on 13 July 2010. The algorithm performed backtesting in GBPUSD on a one hour (H1) chart. The vendor initially deposited $1000, and the profit factor is shown as 2.59. The average gain of the robot stood at +4167.74, with a net profit of $41677.35. The drawdown value was 13.53%, which is very low and shows that the system takes a low-risk approach. The system participated in 6631 trades, of which 75% were winners.

Current performance

Live verified records of Happy Forex are available on Myfxbook. The system started trading on 18 Jun 2021. The vendor deposited an initial amount of $2500 while the current account balance stands at $1418.60. The expert advisor has a total gain of +51.88%, with a profit factor of 2.22. It participated in 193 trades, out of which 133 were winners. The drawdown value of the system is 18.71%, and the standard deviation is $7.29.

Vendor transparency 

Happy Forex is developed by a team of highly professional and expert traders. The developers are constantly updating the algorithm to stay concurrent with the market conditions. Their official website provides contact information, social media handles, and other useful information. 

What are the real customers saying about Happy Forex?

There are 20 reviews present on the reputable TrustPilot website, which give the Happy Forex company a 4.6/5 rating.

One customer states that the developer is easily accessible, and the bot makes stable profits for him.