Expert AdvisorsForex

Happy Trend Review: Things You Need to Know Before Investing

2 Mins read
5.0

The Happy Trend is an FX expert advisor that trades on MetaTrader 4 platform. The vendor claims that this robot is compatible with a volatile market and uses a dynamic stop loss and take profit. They also claim the system doesn’t use risky strategies like grid, martingale, and hedging. 

Happy Trend trading strategy

The developer states that the robot trades on a high volatility market using a news filter. It uses a dynamic exit to get precise entries in the market. There is no implementation of grid or martingale. We can observe that it uses a day trading approach with an average trade duration of 6 hours and 17 minutes from the historical records. The trades have a high stop loss (0-150 pips) and a small take profit (0-10 pips) observed from the exit pips .

Trading history on Myfxbook
Trading history on Myfxbook

Happy Trend backtesting report

The vendor provided backtesting records on the EURUSD chart at the 1-hour timeframe. The relative drawdown was counted as 6.48%, and the system participated in 181 trades, out of which 150 trades were winners, and 31 were losses. The data consist of 31143140 ticks with a history quality of 99.90%. The gross loss profit was 464.90, and the gross loss was -223.81. The stat shows that the robot won 39 consecutive wins and three losses. 

Backtesting history
Backtesting history

Happy Trend live results

The live track record of the algorithm is available on Myfxbook starting from September 07, 2021, till the current date. The robot shows a higher drawdown percentage of 34.78%, with a total monthly gain of -27.08%. This drawdown value is high, which raises questions on the reputation of the bot. The monthly gain of the system as of now is at -5.01%.

The winning rate stood at 87%, with a profit factor of 0.65. Out of 359 executions, the best trade was $10.56, while the worst was -$97.09.

Live records from Myfxbook
Live records from Myfxbook

Some features of Happy Trend

The algorithm has the following key points:

  • The system is 100% autonomous.
  • The robot uses no martingale, hedging, or grid.
  • It can auto-quotes detection 4 or 5 digits
  • The algorithm is supportable for ECN brokers.
  • It’s easy to install and run
Total return-27.04%
Maximal drawdown 34.78%
Average monthly gain -4.98%
DeveloperHappy Forex Group
Created, the year2021
Price$299
TypeReal
Timeframe1H
Lot sizeN/A
Leverage1:500
Min. deposit$100
Recommended depositN/A
Recommended brokersSupports all brokers
Currency pairsAUDUSD, GBPUSD, USDCHF, USDJPY
ECNYes

Main things to consider if you invest with Happy Trend

The robot is unfit for use due to the following points: 

Backtesting results

The company provides the backtesting results for only one year (2020.01.01 – 2020.12.06), which is insufficient to analyze the EA efficiency.

High drawdown

The algorithm has been facing a downtrend in equity and balance for a significant duration.  This is visible from the live records, where the current gain is at -27.04%, and the drawdown is 34.78%.

Pricing details

Happy Trend comes in two packages. You can get two licenses for €299, while five keys can cost you up to €499. The algorithm comes with a user guide, free updates, and unlimited use for users.

The key is for the first month, and then the client will automatically receive an email through email and lifetime access; you only pay once for the license. The developer claims a 30-day money-back guarantee if the customer is not satisfied. 

Other notes

Happy Forex only has user testimonies present on Forex Peace Army, which give them a total rating of 3.542 for five feedbacks. There are no comments related to Happy Trend to testify and get the general point of view about the developer. 

User Reviews of Happy Forex on Forex Peace Army
User Reviews of Happy Forex on Forex Peace Army

Happy Trend Summary

5.0
Happy Trend does not meet its claims on multiple factors, such as money management and best strategy. This is obvious from Myfxbook records, where the drawdown value is high. The company provides the backtesting results for only one year from 2020.01.01 - 2020.12.06, which is insufficient to analyze the algorithm's efficiency.
3.0

Functionality

4.0

Reliability

5.0

Strategy

9.0

Price

2.0

Trading Results

7.0

Vendor Transparency

Pros

  • +30 days money-back guarantee

Cons

  • -The drawdown percentage is comparatively higher at 34.78%
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