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 .
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.
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.
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
|Average monthly gain||-4.98%|
|Developer||Happy Forex Group|
|Created, the year||2021|
|Recommended brokers||Supports all brokers|
|Currency pairs||AUDUSD, GBPUSD, USDCHF, USDJPY|
Main things to consider if you invest with Happy Trend
The robot is unfit for use due to the following points:
The company provides the backtesting results for only one year (2020.01.01 – 2020.12.06), which is insufficient to analyze the EA efficiency.
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%.
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.
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.