Happy Trend is an FX trading tool that uses the trend approach to identify profitable trades. It mainly works on high volatility conditions and uses a News filter for protection from high-impact news. The MT4 tool opens one trade at a time and employs efficient money management to find the correct trend direction. We find the price of the ATS is affordable and the money-back guarantee is an advantage. The vendor provides backtests and live verified results for the system. But the trading results show losses and a risky approach.
What is Happy Trend?
As the name suggests, this system relies on the trend movement for making profitable orders. Some of the major features of this ATS that the vendor focuses on are:
- The FX robot is completely automated and has an easy installation process.
- It does not use risky methods like the Martingale, hedging, and grid methods.
- The MT4 tool supports ECN brokers.
- This FX EA can automatically detect quotes of 4 or 5 digits.
- You can use micro, mini, or standard accounts.
- A minimum deposit of $100 is needed for using this ATS.
- It works on the AUDUSD, USDJPY, EURUSD, GBPUSD, and USDCHF pairs.
The vendor does not provide info on the leverage, timeframe, and recommended brokers.
Official Happy Trend website
The website is well-designed with the main page displaying all the relevant info about the FX robot including its features, requirements, trading results, updates, and pricing. Happy Forex company develops and promotes this FX robot. The company is well-known for its various expert advisors since it started in 2016. Other EAs of the company include Happy Neuron, Happy Way, Happy Martigrid, etc.
How can we use Happy Trend?
This FX robot works on high volatile conditions using a news filter. It opens one trade at a time with dynamic SL and TP levels, and the vendor claims that it can make accurate entries. The vendor states that its money management is highly effective and aims at using the precise trend movement.
Pricing & refund
You can buy this FX EA for €299 (2 licenses) or €499 (5 licenses). The package includes 10 EAs of the Happy Forex company inclusive of the Happy Trend system. A bonus indicator is part of the package and the vendor also offers a 30% discount. Other features available with the package are free updates, free upgrades, a user guide, an unlimited number of demo accounts, and a money-back guarantee of 30 days. When compared with the price of other providers, we find the pricing is affordable.
The vendor does not provide much explanation on the trend approach used by this FX EA. But there are a few backtesting results present. Here is one of the backtests:
From the above strategy tester report, we can see the backtest was done on the EURUSD pair using the H1 timeframe. For an initial deposit of $1000, a total net profit of 241.09 was generated from January 2020 to December 2020. For a total of 181 trades, the profitability of 82.87% and a profit factor of 2.08 were present. The maximum drawdown was 6.48%. From the results, it is clear that the system uses low risk but the profits are not high indicating an ineffective strategy.
A live real USD account using the ForexMart broker and the leverage of 1:500 verified by the myfxbook site is present for this FX EA.
From the above screenshot, we can see the account has a total loss of 30.96%. The daily and monthly losses are 0.19% and 5.60%. A drawdown of 35.55% is present. The growth curve shows a steady decline in the profits since the account started in September 2021. Further, the high drawdown and lot size of 0.04 indicate a risky approach. Traders are sure to find the system ineffective and risky to use.
What customers say
Unfortunately, we cannot find user reviews for this FX EA on trusted review sites like Forexpeacearmy, Trustpilot, etc.
Summary: is Happy Trend a trustworthy EA?Happy Trend
Trading Results3/5 Neutral
- Verified trading results
- Money-back guarantee
- Lack of strategy explanation
- Trading risks present