Happy Gold Review: Does It Win or Lose?

Happy Gold

Happy Gold is an expert advisor that assures stable and high profits with its optimized software. This FX robot works mainly on the XAUUSD pair and uses 99.9% optimization. As part of the Happy Forex group, this FX EA offers verified trading results and backtesting reports. 

But while the vendor claims that it does not use dangerous strategies like Martingale, grid, or hedging, the trading details reveal the contrary. Other obvious drawbacks include a lack of vendor transparency and insufficient support methods. Our initial conclusion is that this is not a trustworthy EA.

What is Happy Gold?

Features and requirements of Happy Gold EA
Features and requirements of Happy Gold EA

As per the vendor info, the important features of this ATS include easy installation, 100% automation, automatic detection of 4- or 5-digit quotes, and ECN broker support. Requirements for using this FX EA include an ECN account, a minimal deposit of $100, and the presence of an MT4 or an MT5 platform.This EA works on the M15 timeframe and the leverage recommended is 1:500. 

Official Happy Gold website

The website layout for this EA is similar to the other products of Happy Forex. While there is minimal info on the features, strategy, and working method of the product, a major part of the home page covers the recent updates done to the settings of the EA. We could not find details of the vendor like the founding year, location address, phone number, etc. The lack of info makes us suspect that this is an unreliable FX robot.

How can we use Happy Gold? 

A 99.9% optimization is done in the Metatrader platform for this EA which the vendor claims will provide better profits and stability. The FX robot opens only one trade at a time and uses hard SL of -24 pips while the TP levels are not fixed. The market sentiment influences the TP levels and the vendor recommends the use of a spread of 20 pips with a low slippage broker like the Market maker or ECN broker.

Pricing & refund

Pricing packages for Happy Gold EA
Pricing packages for Happy Gold EA

To purchase this FX Robot, you have to pay €299 which includes the full Happy Forex pack of 10 EAs with 2 licenses for 2 real accounts and an unlimited number of demo accounts. A 5-license package is also available for the 10 EAs that costs €499. 

Additionally, the vendor offers a 30% discount on the purchase. A user guide, free updates, and free upgrades are included in the package. The vendor also provides a 30-day refund policy. When compared to the price of competitor FX robots, we find the price to be affordable as you get to use 10 products for the price of a single FX EA.

Trading strategy

A trading approach that includes scalp, swing and grid news in combination with the ZigZag indicator is used by this expert advisor. The vendor does not elaborate on the strategy further which is disappointing. However, we can find backtesting results for the product. Here is a strategy tester report for the XAUUSD pair using the M15 timeframe and modeling quality of 99.9%. 

Backtesting report for Happy Gold EA
Backtesting report for Happy Gold EA

From the above test, we can see a deposit of $1000 has generated a net profit of $2354.62 for the test done from January 2019 up to December 2019. A profit factor of 1.93 and a maximum drawdown of 12.11% are present for the account. We can see a lot of size 0.21 is present which is very high. The bit lot size and low profits indicate an ineffective approach and poor performance.

Current performance 

The vendor provides a real USD live account starting from June 2021 using the VT Markets broker and the leverage of 1:500 on the MetaTrader 4 platform.

Growth chart for Happy Gold EA along with trading stats
Growth chart for Happy Gold EA along with trading stats
Advanced trading details for Happy Gold EA
Advanced trading details for Happy Gold EA

From the above trading details, we can see a profit of 58.83%, and an absolute profit of 58.83% is generated from an initial deposit of $5000. The daily and monthly profits are 0.58% and 19.04% respectively and a drawdown of 8.24% is present for the account. A total of 48 trades have been completed with a profitability of 83% and a profit factor of 2.91. The trading history reveals big lot sizes ranging from 2.11 up to 2.47. The big lot size, low-frequency trades, and below-average profits indicate a high-risk approach and ineffective performance.  

What are the real customers saying about Happy Gold?

We could not find user reviews for this FX EA on trusted third-party sites like Forexpeacearmy, Trustpilot, etc. The lack of feedback indicates this is not a popular product among users.

Summary: is Happy Gold trustworthy EA?

Happy Gold
2.8 5 0 1
Happy Gold EA is not a trustworthy EA as it fails to prove its claims of good stability and high profits. The insufficient explanation of the strategy, the below-average performance, big lot size, and the absence of user reviews confirm our suspicion that this is not a reliable trading tool to use.
Happy Gold EA is not a trustworthy EA as it fails to prove its claims of good stability and high profits. The insufficient explanation of the strategy, the below-average performance, big lot size, and the absence of user reviews confirm our suspicion that this is not a reliable trading tool to use.
2.8 rating
2.8/5
Total Score
  • Overall rating
    3.0 rating
    3/5 Neutral
  • Strategy
    3.0 rating
    3/5 Neutral
  • Features
    2.0 rating
    2/5 Bad
  • Trading Results
    3.0 rating
    3/5 Neutral
  • Reliability
    2.0 rating
    2/5 Bad
  • Pricing
    4.0 rating
    4/5 Good

Like

  • Fully automated trading software
  • 30-day refund policy

Dislike

  • The strategy used is not explained
  • Big lot size and poor performance in real trading
  • Lack of vendor transparency
Total
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