Happy MartiGrid is a Forex robot that works on the Metatrader 4 platform and promises the best stability and profits. It works on multiple currency pairs and is compatible with multiple operating systems. The vendor sells it at an affordable price, however, it doesn’t have a long track record. Also, it trades with a high drawdown and follows a risky strategy.
What is Happy MartiGrid?
This Forex robot is easy to install and it supports ECN brokers. It can perform auto-quotes detection up to 4 or 5 digits. Being a 100% automated system, it is capable of running without any manual intervention. You can do it on the Metatrader 4 platform and it is compatible with operating systems like Windows, Linux, and Mac OS.
The minimum deposit requirement for this robot is $3000. Although the vendor hasn’t mentioned the leverage explicitly, the live trading account uses 1:500 leverage.
Official Happy MartiGrid website
On the official website of Happy MartiGrid, the vendor has explained in detail how the expert advisor carries out its trading activities. We have the features and requirements clearly listed, along with the pricing details. The developer has also shared the live trading and backtesting results.
Happy MartiGrid is a product from the Germany-based Happy Forex team. We have zero background information on this company, which claims to possess more than five years of experience. It is not clear when it was founded and the vendor has not shared the official address. Also, we don’t know the identities of the traders and developers.
How can we use Happy MartiGrid?
Happy MartiGrid uses a strategy that requires the utmost attention. You can set the hours during which the EA conducts its trades. The robot has a news filter setup with the important updates plotted on the chart. It is a system that complies with FIFO rules and works on Micro, Mini, as well as Standard accounts.
Pricing & refund
When it comes to purchasing this robot, you have two options. You can buy 2 licenses for 299 Euros or 5 licenses for 499 Euros. Compared to other providers, the prices are pretty standard. With both packages, you get the Happy Forex Full Pack containing 10 different EAs, for free. The vendor offers a 30-day money-back guarantee. You only pay for the license for the first month and after that, it is renewed for lifetime.
This EA uses a combination of martingale and grid strategies, along with a news filter and technical indicators. It also applies a dynamic step and profit.
This backtest was conducted from 2008 to 2012 using an every tick model. The EA used an initial deposit of $3000 to conduct 6101 trades, generating a profit of $8839.55. It had a win rate of 74.20% and a relative drawdown of 26.75%. The high drawdown indicates a risky trading strategy.
Since June 18, 2021, Happy MartiGrid has conducted only 89 trades through this account. It currently has a win rate of 74%, which is the same as what we saw in the backtest. To date, this account has generated a profit of only $153.41. Similar to the backtest, it has a high drawdown of 27.20%. The daily and monthly gains are 0.08% and 2.38%, respectively.
From the trading history, we can see that the robot often suffers consecutive losses. During the month of November, it suffered five losses back to back. Also, we can see that it keeps the trading positions oven for a long time, sometimes for several weeks. The average win and loss for this account are 26.57 pips/$6.14 and -99.75 pips/-$10.96, respectively.
What customers say
We were not able to find any user reviews for this EA on websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. As such, we don’t know anything about the experience of real customers with this expert advisor.
Summary: is Happy MartiGrid a trustworthy EA?Happy MartiGrid
Trading Results2/5 Bad
- Verified trading results
- 30-day money-back guarantee
- High drawdown
- Risky trading strategy
- Lack of vendor transparency