Happy Forex assures consistent profits and low-risk with its unique approach. This is a fully automated system that uses the grid approach without the Martingale method. A news filter and technical analysis are also part of the settings for this ATS. It can work with any broker having a maximum of 4 spreads. The various options and features present in the FX robot can be used on any currency pair. 

Happy Forex: characteristics

Some of the important features of this FX robot that give it an edge over other systems in the market are:

  • The FX EA works 24/7 finding the best entries and exits.
  • It is easy to install and use.
  • The ATS supports ECN brokers.
  • It can automatically detect quotes of 4 or 5 digits.
  • A 30-day money-back guarantee is present.
  • Single order SL, single order TP, open order limit, filter spread, news filter, etc. are a few of the settings present in the system. 

As per the vendor, the system is designed for use by all traders including new users. It can work on big client accounts that use the Metatrader terminal.

Currency Pairs, strategy & timeframe

This FX robot works on the GBPUSD, AUDUSD, EURUSD, and EURCHF pairs. The vendor recommends the use of the H1 timeframe. For the recommended minimal deposit, the vendor provides the following requirements:

Setting 1 (for GBPUSD/AUDUSD): 

Micro account of 0.05 lot size requires $1000

A mini account of 0.5 lot size requires a deposit of $10000

A standard account of 5 lot size requires a deposit of $100,000

Setting 2 (GBPUSD, AUDUSD, EURUSD):

Micro account of 0.01 lot size: $200

Mini account of 0.1 lot size: $2000

For the standard account of 1 lot size: $20,000

Setting 3 (EURCHF, AUDUSD):

Micro account of 0.01 lot size: $1000

Mini account of 0.1 lot size: $10,000

For the standard account of 1 lot size: $100,000

Happy Forex trading performance

A few backtesting results and real trading results verified by the myfxbook site are present for this FX EA. Here is one of the backtesting reports:

Backtesting result of Happy Forex on the official site.

From the above report, we can see the backtesting was done from 2012 to 2016 on the AUDUSD pair. A timeframe of H1 was used for the testing. For an initial deposit of $1000, the total net profit generated was $2250. For a total of 891 trades, the profit factor was 2.10 and profitability was 71.72%. A drawdown of 20% was present. From the results, we can see the system uses a low-risk level and the profits look good. 

We found a few live real trading results on the official site. Here are screenshots of one of them:

Growth curve of Happy Forex on the Myfxbook site.
Trading stats of Happy Forex on the Myfxbook site.

From the above info, we can see the account was started in June 2021. Since then, the live account has gained 35.17% and the absolute gain value is 23.45%. The daily and monthly profits are 0.12% and 3.57% respectively. A drawdown of 18.71% is present for the account. A deposit of $1500 and a withdrawal of an equal amount is present. A total of 158 trades are completed with a profitability of 69% and a profit factor of 2.38. The trading history shows a lot size of 0.01.

From the real trading stats, we find the drawdown is low and the profits are high indicating an effective approach. Further, the low drawdown and small lot size indicate a low risk. Comparing the backtesting result with real trading, we find the values are more or less similar indicating low risk and good performance.

How much does it cost?

To buy this FX EA, you need to pay €299 for 2 licenses and €499 for 5 licenses. The package includes 10 EAs inclusive of the Happy Forex EA. A 30% discount and a free Happy Indicators Pro are part of the package. You also get a user manual, free updates, free upgrades, and a 30-day money-back guarantee. When compared to the market average, we find the price is not expensive as you get 10 EAs for the price of a single system.  

Reviews from customers

We found 13 reviews for the Happy Forex company on the Trustpilot site. A rating of 4.5/5 is present for the company. Here are some of the recent reviews:

User review for Happy Forex on the Trustpilot site.
User review for Happy Forex on the Trustpilot site.

From the feedback, it is clear that users are happy with the products of the company. They find the EAs are stable and produce outstanding results.

Should you use Happy Forex EA?

ProsCons
Fully automated softwareNo vendor transparency
Verified trading results
Money-back-guarantee

Conclusion

Happy Forex promises stable profits and minimal losses. Our evaluation of real verified trading results shows the system uses a low-risk trading approach. Further, the growth curve shows consistent profits. Our assessment indicates the vendor’s claims are true. Other upsides of the system include money-back assurance and positive user reviews.