Happy Way claims to be designed for traders of all skill levels. It works on five currency pairs and does not use indicators for identifying accurate orders. The settings are provided in such a way that they can be adapted to the particular currency pair you are working on. Benefits we found in this FX EA include its ability to work on big client accounts on the MT4 platform and the presence of verified live trading results. Some of the disadvantages we found in the system include the lack of backtests and the absence of vendor transparency.
What is Happy Way?
Some of the features that the vendor highlights for this FX EA are:
- It works 24/7 and is easy to set up.
- The FX EA supports ECN brokers.
- It can detect 4- or 5-digit quotes automatically.
- The ATS works on the USDCAD, AUDCAD, AUDUSD, CADCHF, and AUDCHF pairs using the H1 timeframe.
- Minimal deposit for a micro account is $1000 with a lot size of 0.01.
- Minimal deposit for the mini account of 0.1 lot size is $10,000.
- For the standard account, a minimum deposit of $100,000 and a lot size of 1 are recommended.
Official Happy Way website
The official site is well-designed with info provided on the requirements, features, new add-ons, and real trading stats. There are sections for the FAQ, a blog, affiliates, and other services. Happy Forex is the company that develops and promotes this FX EA. Other products of the company include Happy Neuron, Happy Gold, Happy Trend, and more. We could not find company details like its founding year, developer team, location address, etc.
How can we use Happy Way?
On purchase of the ATS, you can set it up easily with the help of the user guide provided. The system works on the MT4 terminal and uses reinsurance positions to identify accurate entry points. The different settings and parameters present in the software can be used for the different currency pairs.
Pricing & refund
This FX EA is available for purchase as a full package consisting of 10 expert advisors. The cost is €299 for two licenses and €499 for 5 licenses. Additionally, the vendor offers a 30% discount and the Happy Indicator Pro free. Free updates and upgrades are provided. A user guide is also present with the package. When compared to the price of competitor systems, the price of this FX EA is affordable as it comes with 9 other EAs and an indicator. A 30-day money-back guarantee is also present.
The grid approach is used by this FX EA. It uses the market direction for placing the orders and does not use the Martingale method. The vendor does not provide further info on the approach used. No backtesting results are present for the EA. The vague strategy explanation and the lack of backtests make it difficult to assess the efficacy of the system.
A live real USD account verified by the Myfxbook site is present for this ATS. Here are a few screenshots of the trading stats:
From the above stats, we can see the system uses the leverage of 1:500 on the MT4 terminal. For the account that began in June 2021, the total gain is 12.49% and the absolute profit is of a similar value. For a deposit of $2500, the daily profits are 0.05% and the monthly profit is 1.53%. The drawdown is 18.89%. For a total of 122 trades, the profitability is 69% and the profit factor is 1.96. A lot size of 0.01 is used. From the results, we can see that the drawdown is low indicating a low-risk approach. But the profits are not very high indicating an ineffective strategy and a below-average performance.
What are the real customers saying about Happy Way?
Unfortunately, we could not find user reviews for this FX EA on reputed review sites like Forexpeacearmy, Trustpilot, etc.
Summary: is Happy Way a trustworthy EA?Happy Way
Trading Results2/5 Bad
- Verified trading results
- Refund offer
- A vague strategy explanation
- Lack of vendor transparency