Happy Power EA Review: Does it Win or Lose?

Happy Power is a Forex robot that is compatible with both MT4 and MT5 trading platforms. It is a single-currency expert advisor that is 100% automated and can function without manual inputs. The vendor offers the EA at an affordable price. It supports multiple operating systems and you can check out its live trading results on Myfxbook.

What is Happy Power?

This robot only trades in the EUR/CHF currency pair. It is compatible with any broker including ECN brokers that offer favorable price quotes. The vendor recommends loading the EA on M30 charts. While the minimum deposit amount is $1000, the recommended deposit is $3000. For the live trading account it uses 1:500 leverage.

Official Happy Power website

On the official website, the vendor has briefly explained how the system functions. We have a list of features and recommendations for the robot. Also, there are links to backtesting results and live trading statistics. 

The parent company is Happy Forex. It has been around for several years and has a decent reputation among customers. Other robots from this team include Happy Breakout, Happy Neuron, Happy Galaxy, Happy Trend, etc.

How does Happy Power work in MT4/MT5 terminal?

This is a system that is compatible with automated systems like Linux, Mac OS, and Windows. You can easily install it on MT4 or MT5. It can also perform auto-detection of 4 or 5 digit quotes. 

Pricing & refund

This robot is available for a one-time fee of 325 Euros. Each customer gets a single license for an unlimited number of real and demo accounts. The vendor offers updates and a 30-day money-back guarantee. When you purchase the EA, you get the Happy Forex Full Pack containing 10 EAs for free. Those who have already purchased the Full Pack EAs get a 30% discount.

Trading strategy

Happy Power uses artificial intelligence technology to analyze the market and find the best entry points. It has a self-adaptive market algorithm with reinforced learning elements. Unlike supervised learning, this system does not need labeled input and output pairs or the explicit correction of sub-optimal actions.

This backtest was conducted from January 2020 to April 2021. The EA used an initial deposit of $1000 to conduct a total of 9653 trades. It had a high win rate of 76.86% and managed to generate a total profit of $6685.26. The profit factor was quite impressive–2.39. 

Current performance

This live trading account on Myfxbook was launched on November 30, 2021. Since then, it has conducted 2436 trades, winning 70% of them. The win rate is slightly low compared to the backtesting data, but it is still quite high. This account has satisfactory daily and monthly gains of 0.37% and 11.76% respectively. Since it is a high-risk account, the drawdown currently stands at 69.44%.

At this moment, the total profit for this account is $1842.60. It has a profit factor of 1.61, which is not as high as what we saw in the backtest. However, it can be considered good. 

From recent trading history, we can see that the EA has a high trading frequency. The last 20 trades have been conducted with a lot size of 0.01. It does not suffer losses too often, in spite of following a high-risk strategy. The average holding time for each trade is two days, while the average win and loss are 25.95 pips/$2.80 and -38.25 pips/-$4.12, respectively.

What customers say

There are no reviews for this EA on third-party websites. On Trustpilot, Happy Forex has a rating of 4.6 out of 5 based on 20 reviews. In the reviews, the users have claimed to enjoy excellent profits from the EAs sold by the company.

What we like and what we dislike