HAPPY GALAXY is a fully-automated trading system that is compatible with multiple currency pairs. It claims to reduce drawdown during highly volatile market conditions. You can run it on multiple operating systems.
This Forex EA is available at an affordable price and the vendor offers a money-back guarantee. However, it has not been conducting live trades for too long, which means it has not been exposed to different market conditions. Also, there aren’t any customer reviews for this robot, which means it doesn’t have a decent reputation. Therefore, we don’t think you can rely on this system to earn steady profits.
What is Happy Galaxy?
HAPPY GALAXY trades in five different currency pairs, namely EUR/CHF, EUR/GBP, USD/CHF, GBP/USD, and EUR/USD. It supports FIFO rules and is compatible with ECN brokers. For best results, the vendor recommends signing up with the VT Markets broker.
This robot can perform auto-detection of 4 or 5 digit quotes. You can run it on different operating systems like Linux, Mac OS, and Windows. It is suitable for the H1 timeframe and requires a minimum deposit of $1000 to start trading. However, the vendor recommends using at least $2000 for better results.
Official Happy Galaxy website
The presentation on the official website is not very impressive. There is not enough information on how the robot functions. The vendor has shared a list of features and a list of recommendations, along with some links to live trading results and backtesting data.
This EA is sold by the Germany-based Happy Forex team. There is very little information on this organization and its service history. We don’t know anything about the development team and what kind of experience the members of the team possess. The vendor has not shared any official contact information on the website. Due to the lack of vendor transparency, our expectations from this EA are not too high.
How does Happy Galaxy work in MT4 terminal?
HAPPY GALAXY has in-built methods that allow it to determine the direction of the trend. According to the vendor, they also allow the EA to open small grids and recover losses. Since the vendor has not elaborated on this, we can’t assess the technique used by the robot for analyzing the trend.
Pricing & refund
The current price of HAPPY GALAXY is 299 Euros. Those who purchase it will get the Happy Forex Full Pack containing 10 EAs, for free. Existing customers who have already purchased the Full Pack EAs get a 30% discount. The vendor provides a 30-day money-back guarantee for this system.
There is no information on the trading strategy used by this Forex robot. Strategy insight is an important piece of information that most Forex traders look for, so this comes as a major disappointment.
This backtest was carried out from January 2020 to September 2021, which is not a sufficient time period to gauge the durability of a trading system. Usually, backtests involve several years’ worth of market data. There were a total of 1332 deals for this test, and the win rate was 71.62%. The relative drawdown was really high at 84.30% and this indicates a risky trading approach.
This trading account on Myfxbook has been active since July 27, 2021. During this time, the EA has conducted 423 trades, winning 82% of them. Once again, we notice a high drawdown of 35.26%, reaffirming our belief that the robot trades with high risk. The daily and monthly gains for this account are 0.555% and 17.86% respectively, while the profit factor is 3.23.
What customers say
Unfortunately, there are no user reviews for this Forex robot on third-party review websites like Trustpilot, Forexpeacearmy, Quora, and Myfxbook. It is evident, therefore, that HAPPY GALAXY is not a known name in the Forex trading community.
Summary: is Happy Galaxy a trustworthy EA?Happy Galaxy
Trading Results3/5 Neutral
- Verified live trading results
- Money-back guarantee
- Lack of vendor transparency
- No information on trading strategy
- High drawdown