Happy Power is a 100% automated Forex EA that uses artificial intelligence (AI) technology. This system is compatible with any broker and can run on different operating systems. However, it is not clear what kind of strategy it follows, and you’d need to invest a large sum of money to purchase it. After taking a quick look at this robot, we are not at all impressed, and our first conclusion is that this is not a trustworthy EA.
What is Happy Power?
Happy Power is a system that supports ECN brokers and is capable of performing autodetection of 4 or 5 digit quotes. According to the vendor, the software can be easily installed in a matter of minutes. It works on different operating systems like Windows 7, 8, 10, Linux, and Mac OS.
You can use this EA for trading in the EUR/CHF pair. The vendor recommends starting out with a minimum deposit of $1000. Happy Power can be used with the Metatrader 4 and 5 trading platforms, and you can choose the M30 timeframe for this.
Official Happy Power Website
On the official website of Happy Power, the vendor has first highlighted the price and the bonus offer for this Forex EA. Next, we have a brief introduction to the system, followed by a list of features and vendor recommendations. Multiple backtesting results have been shared by the vendor, and we have the link to a verified live trading account as well.
Happy Forex, the company behind Happy Power, is based in Germany. This company is known for building Forex robots like Happy Breakout and Happy Neuron, but there is not enough information available on it. For example, we don’t have a physical address for the company headquarters, and the identities of the traders and developers are not disclosed. Thus, our expectations from this company are not too high.
How Does Happy Power Work in MT4/MT5 Terminal?
This Forex EA finds entry points in the market by performing market analysis with the help of AI technology. It has a self-adaptive market algorithm with reinforced learning elements, which negates the need for labeled input or output pairs. As such, you don’t need to explicitly correct the sub-optimal actions.
Pricing & Refund
Happy Power is priced at 325 Euros, which is significantly higher than the market average. When you purchase this EA, you get the Happy Forex Full Pack containing 10 EAs for free. In case you have already purchased the Full Pack EAs, you can get a discount of 30%. The vendor offers a 30-day money-back guarantee for this product.
Nowhere on the website has the vendor explained the trading strategy used by Happy Power. The lack of strategy insight might be taken as a red flag by the majority of traders.
Here we have the backtesting results for Happy Power EA. As we can see, a total net profit of $6685.26 was generated during this test, using an initial deposit of $1000. While the robot had a profit rate of 76.86%, we can see that the relative equity drawdown was high at 34.95%, which indicates a risky trading approach.
This trading account on Myfxbook has been active since Feb 25, 2021. After completing 1526 trades, a total profit of $1161.77 has been generated through this account. Currently, the daily and monthly gains for this account are 0.68% and 22.54%, respectively.
The drawdown here is higher than the backtest, which is not a good sign. Very few traders would choose to invest in a system that has a drawdown of 54.43%. The win rate of 76% is similar to the backtest.
What Customers Say
There are no customer reviews for this Forex robot on websites like Myfxbook, Quora, Trustpilot, and Forexpeacearmy. Clearly, it doesn’t have much of a reputation or not many traders are confident about using this robot for live trading.
What We Like and What We Dislike
|Verified trading results||High drawdown in backtests and live trading results|
|Money-back guarantee||Lack of strategy insight|
Summary: Is Happy Power a Trustworthy EA?Summary: Is Happy Power a Trustworthy EA?
Trading Results2/5 Bad