Expert AdvisorsForex

Happy Gold Review: Things You Need to Know Before Investing

3 Mins read
2.4

Happy Gold is an FX robot from the Happy Forex group. As the name implies, it is a gold trading system that works on the XAUUSD pair. It uses the modified ZigZag indicator for identifying the best trades. The vendor claims that this FX EA offers high profits and stability due to the 99.9% optimization done in the Metatrader platform. A hard SL and dynamic TP levels derived from market sentiment are used by this FX robot. 

Happy Gold trading strategy

As per the vendor, this FX EA uses the scalp, swing, and grid news approaches along with the modified form of the ZigZag indicator. All the peak points found in the chart are identified and connected by the indicator. The vendor claims that the distance between the points is either equal or more than the percentage fixed on the price scale. 

Happy Gold backtesting report

A few backtests are present on the official site. Here is a strategy tester report for the XAUUSD pair done using the M15 timeframe and the ‘Every Tick’ model. 

Backtesting report for Happy Gold EA
Backtesting report for Happy Gold EA

For an initial deposit of $1000, the test done from January 2019 up to December 2019 reveals a total net profit of $2352.62. The profit factor is 1.93 and the profitability is 94.06%. A maximum drawdown of 12.11% is present for this demo account. While the profits are considerable, it is to be expected when you test using historical data. Only when the profits are as good in the real trading, we can be assured of the test results. 

Happy Gold live results

The vendor provides live real trading results for this FX robot. Here are screenshots of the results done with the VT Markets broker on the MT4 platform using the leverage of 1:500.

Growth curve for Happy Gold EA
Growth curve for Happy Gold EA
Advanced trading stats for Happy Gold EA
Advanced trading stats for Happy Gold EA

From the results, we can see the total profit is more than 100% with the total and absolute profit being similar in value at 123.3%. A daily and monthly gain of 0.76% and 25.5% are present for the account. The drawdown for the account started in June 2021, is 8.24%. 

For a deposit of $5000, the account has completed 67 trades with a profitability of 87% and a profit factor value of 4.96. From the trading history, we can see the lot size is high ranging from 2.44 up to 3.69. While the drawdown is low, the big lot size makes us suspect the approach used is of high risk.

Some features of Happy Gold

Features and recommendations for Happy Gold EA
Features and recommendations for Happy Gold EA

As per the vendor, this ATS does not use dangerous approaches like Martingale, hedging, or the grid methods. It has an easy setup and supports ECN brokers. The EA is designed to detect quotes of 4 or 5 digits automatically. Recommendations for this FX robot include a minimum deposit of $100. We cannot find info on the leverage recommended and the time frames you can use for the XAUUSD pair are M15, M30, H4, and H1.

Total ReturnN/A
Maximal drawdown 8.4%
Average monthly gain25.55%
DeveloperHappy Forex
Created, yearN/A
Price€299 – €499
TypeScalp/Swing/Grid news
Lot sizenot less than 1000 units per 0.21 of a standard lot
TimeframeM15, M30, H4, and H1
Leverage1: 500
Min.deposit$200
Recommended deposit$1000
Recommended brokersECN/ Market Maker
Currency pairsXAUUSD
ECNYes
Fixed stop lossYes
Fixed take profitNo

Trading strategy behind Happy Gold

Other than the mention of the scalp, grid news, and swing approaches we could not find further explanations like how they are chosen and whether they are used together or separately. The lack of a proper explanation raises doubts regarding the reliability of this FX EA.

Main things that make Happy Gold an unreliable EA

1) Big lot size

From the real trading results and the backtests we find the lot sizes are big and vary considerably. This indicates a high-risk approach. Traders would not feel comfortable using such a varied and big lot size setting. 

2) Zero vendor transparency

We could not find info on the developer or the team behind the system. There is no info on the founding year details, the location of the company, phone number, etc. The lack of vendor transparency makes us suspect this is an unreliable EA

Pricing details

Pricing package of Happy Gold EA
Pricing package of Happy Gold EA

This FX EA is sold along with other EAs of the company as a pack of 10 EAs costing €299 for 2 licenses and €499 for 5 licenses. A 30-day money-back guarantee is present. A user guide, free updates, and free upgrades are some of the features included in the package.

Other notes

We could not find user feedback for this FX robot on sites like Forexpeacearmy, Trustpilot, etc. The lack of reviews indicates this is not a popular system.

Happy Gold Summary

2.4
Happy Gold promises stable and high profits with its scalp, swing, and grid news approaches. Our analysis reveals it is not reliable EA. The lack of vendor transparency, insufficient strategy explanation, big lot sizes, and absence of user reviews are downsides that confirm the untrustworthiness of this FX robot.
2.0

Functionality

2.0

Reliability

3.0

Strategy

3.5

Price

2.0

Trading Results

2.0

Vendor Transparency

Pros

  • +Fully automated
  • +Verified trading results

Cons

  • -There is no proper explanation of the trading approach
  • -Big lot size used
  • -No vendor transparency
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