Happy Breakout is one of many robots that were designed by a Happy Forex Germany company. This pack of ten EAs with this robot costs more than with others – 550 EUR.
Happy Breakout: Characteristics
Let’s talk about its features:
- The EA trades fully-automatically.
- It supports ECN-accounts and brokers.
- Trading is allowed on 4 and 5-digits charts.
- We have to test the robot on the demo account before setting it on the real one.
- We have to use the VPS service for trading.
- The robot also requires low spreads and low commissions.
- We can run it on Windows, Mac OS, Linux.
- The EA can be run on MT4 and MT5 platforms.
- Maximum spreads should be not higher than 10 pips.
- Stop Loss is set at 10 pips.
- The minimum deposit requirement for trading a 0.01 Lot is $100.
Currency Pairs, Strategy & Timeframe
- It probably trades London Breakout periods.
- The system doesn’t use Grid, Hedging, Arbitrage, and Martingale.
- It trades EUR/USD and GBP/USD.
- It works on M30 and H1 time frames.
Happy Breakout Trading Performance
So, we’ve got a photoshopped backtest report. It was GBP/USD during 2012-2015 on the M30 time frame. The modeling quality was 99.90%. An initial deposit was $1000. It has become $898k of the total net profit. The maximum spread was 5 pips. The Profit Factor was 3.70. The maximum drawdown was 11.25%. The robot closed 1046 deals. The win-rate was between 69% and 70%.
We’ve got a verified real account on FXSTAT. The account has a 65.6 score. That places it in the mid of the pack.
The account was created on November 12, 2019, and funded at $5000. Since then, the absolute gain has become 173.22% (549 pips). The maximum drawdown is 12.22%. An average monthly gain is 7.44%.
October (-8.29%) and November (+4.05%) 2020 weren’t the best months for the EA.
The EA closed 519 deals with a 1.6 Profit Factor. Win-rate is 87.28%. The equality in $ between the max consecutive profits – 18 deals and max consecutive loss – 2 deals tells us that there are problems with the money-management system. Happy Breakout trades BUY (276 deals) and SELL (243 deals) directions equally.
The same we can see on the symbols chart. GBP/USD is 47.21% of trades when EUR/USD is 52.79% of trades.
There’s a 16% chance of losing 10% of the account.
The EA uses pending orders to get in the trade as soon as the opportunities show up.
How much does it cost?
The robot with a 10-EAs pack costs 550 EUR. It’s featured by “1 license for an unlimited number real/demo of accounts.” It sounds like nonsense; free updates and upgrades and a 30-day money-back guarantee. The EA sells through PayPal, so we can forget about refunding.
Reviews from customers
We’ve found a page of Happy Breakout on Forex Peace Army. It was started on June 2, 2016, and stopped on November 4, 2016, after crashing. So, the developer covered this fact.
Should You Use Happy Breakout?
|Real account-trading results||No team revealed|
|No settings explanations provided|
|Backtests represented nothing|
|There was a crashed test on FPA|
|Real-account trading results are a maximum one-year-old, but EA was designed in 2015|
|Insane pricing as for a breakout robot|
|High requirements: VPS, ECN, Spreads, and so on|
|Many Happy Forex’s tests were stopped on the FPA|
|No people feedback provided|
Happy Breakout is an old robot. We haven’t seen any mention of updates and upgrades to the EA during the last five years. It started working in 2015 and crashed an account in 2016. During the next three years, we had no trading results at all. In 2019 the developers started a $5000 real account. In 2020, they started another real account and called it “V.2.” So, there is no reason to hurry. The last is that the robot costs big money, and PayPal doesn’t support a money-back guarantee for digital products.