Expert AdvisorsForex

Happy Breakout Review: Things You Need to Know Before Investing

3 Mins read
6.8

Happy Breakout, as the name implies, uses price breakouts for placing deals. It relies on the support and resistance levels and uses a fixed SL and a trailing stop for ensuring profitable trades. The system is fully automated and uses 99.9% modeling quality with real ticks optimization. As per the vendor, this system does not use dangerous methods like the grid, Martingale, etc. Happy Forex company that is reputed for its effective EAs is the creator and promoter of this product. 

Happy Breakout trading strategy

The breakdown of the support and resistance levels is the main approach that this fully automated tool uses. The vendor claims that this is a safe system that does not use high-risk methods like the grid, arbitrage, Martingale, and hedging. Optimization and use of fixed SL and Trailing stop are other settings in this FX robot that help in ensuring high returns with minimal losses.

Happy Breakout backtesting report

Backtesting report of Happy Breakout on the official site
Backtesting report of Happy Breakout on the official site

A couple of backtests are present on the official site. Seen above is one of the backtests. From the info present, we can see a total net profit $of 553363 was generated for an initial deposit of $1000. For a total of 1028 trades, the profitability of 71.11% and a profit factor of 3.20 were present. The maximum drawdown for the account was 14.49%. From the results, it is clear that a low-risk approach was used and the performance was excellent as shown by the high net profit and profit factor value.

Happy Breakout live results

The vendor provides live real trading results verified by the fxstat site. Here is  a screenshot of the result:

Trading stats of Happy Breakout on the FXStat site
Trading stats of Happy Breakout on the FXStat site

From the above info, we can see that the system has generated a total pips value of 577.30 for a deposit of $1000. A drawdown of 24.01% is present. The daily and monthly returns are 0.06% and 1.27% respectively. From the growth curve, we can see the system has recovered well after the significant drops in the values. The recovery also shows the system’s resiliency when faced with unexpected market conditions.

Some features of Happy Breakout

Some of the main features and recommendations for this FX EA include:

  • It is 100% automated.
  • The robot can automatically detect quotes of 4 or 5 digits.
  • It supports ECN brokers.
  • The robot does not use the Martingale, Grid, and other dangerous approaches.
  • It works on the MT4 and MT5 platforms.
  • The GBPUSD and EURUSD are the main currency pairs that the system works on.
  • It uses the M30 and H1 timeframe.
  • The maximum stop level is less than 10 points.
  • A minimal deposit of $100 is recommended.
  • The vendor recommends the use of brokers with low spreads, low commission, and superior quality execution.
Total return23.74%
Maximal drawdown 24%
Average monthly gain 1.27%
DeveloperHappy Forex 
Created, year2016
Price€ 550
TypePrice breakout
TimeframeM30/H1
Lot sizeN/A
LeverageN/A
Min.deposit$100
Recommended depositN/A
Recommended brokersN/A
Currency pairsEURUSD, GBPUSD
ECNYes

Main things to consider if you invest with Happy Breakout

If you are interested in this EA, then you need to pay attention to:

Verified trading results

The vendor offers real live trading results that are verified by the FXStat site. From the growth curve, we can see the account shows consistent highs and lows with the recent stats revealing an upward trend. 

Affordable pricing

The pricing package is affordable as the package includes the software for the Happy Breakout EA along with 10 other EAs of the company free. Further, the vendor also offers a 30-day money-back assurance.

Money management

From the growth curve, we can see the account has been consistently increasing in profits despite the frequent losses it encounters. The rallying of the account resulting in an upward curve is indicative of robust money management by the EA. From the stats, we can see the losses are not high with the drawdown not exceeding 20% during a major part of the account life.

Pricing details

You can buy this EA for € 550. The vendor provides a free package containing 10 EAs of the company. Other features included in the package are free updates, free upgrades, and a 30-day money-back guarantee. When compared to the market average, the price is affordable.

Other notes

Although the company has a page on Trustpilot, there are no user reviews for this FX EA. Nevertheless, traders are satisfied with the other products the company offers.

Happy Breakout Summary

6.8
Happy Breakout provides real-time trading stats and backtesting results that indicate low risk and effective performance. The affordable price, money-back policy, and low drawdown are other advantages of this FX robot.
7.0

Functionality

7.0

Reliability

7.0

Strategy

7.0

Price

7.0

Trading Results

6.0

Vendor Transparency

Pros

  • +Verified trading results
  • +Money-back guarantee
  • +A renowned developer
  • +Fully-automated trading software
  • +Low drawdown
  • +Customer support is available

Cons

  • -Strategy is not explained properly
  • -Requires VPS or a hosting server that has reduced network latency
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