Happy Galaxy is described as a fully automated trading system, which is particularly effective in trading on popular currency pairs. It is also said to have a news filter that decreases drawdown levels when the market is highly volatile. 

Happy Galaxy is the creation of Happy Forex. The company is renowned for producing several expert advisors for the consumption of traders willing to try hands free trading. Happy Forex does not mention the names of people it works with. Neither does it feature their profiles. So, there is a high likelihood that the team doesn’t have sufficient trading experience. 

Happy Galaxy: characteristics

The features of this EA are described as follows:

  • Fully automated
  • Easy to install
  • Supports ECN brokers and FIFO rule
  • Autodetection of 4 or 5 digit quotes
  • Compatible with any broker
  • Runs on the Metatrader 4/5

Currency pairs, strategy & timeframe

The EA trades with GBPUSD, EURUSD, USDCHF, EURGBP, and EURCHF currency pairs, and works on the 1 hour timeframe. The minimum deposit is $1000, while the recommended one is $2000.

In regards to the strategy used, the claim is that Happy Galaxy focuses on the trend and places small grids. These methods are not elaborated in detail, though. But we cannot fail to emphasize how risky the grid approach is. 

Happy Galaxy trading performance

The presentation includes the backtest results for 5 different currency pairs, which are said to have been tested between 2020 and 2021. Below we have the simulation data for the EURUSD pair. 

Backtest results.

The test was done on the H1 chart using a leverage of 1:500. A deposit of $1000 was used to carry out 666 orders. In the end, 71.62% of the long trades were won. As you can see, the EA didn’t place any sell orders. The trading activities led to a profit of $3,805.42 and a drawdown of 24.20%. There was an average profit trade of $11.90 and an average loss trade of -$9.89. 

We also have live results that show us the current performance of the EA. According to the stats below, the robot is running a real USD account on Myfxbook. It is attached to the MT4 platform while being hosted by the ForexMart brokerage.

Live trading stats.

The system began working on the account on July 27, 2021, and it has been making an average of 17.85% in monthly profits since then. So, we have an accumulated profit of $643.77, which is the same as an absolute gain of 64.37%. Unfortunately, 35.26% of the equity has gone down the drain. 

Trading performance.

We have 423 completed so far, with a profit factor of 3.23. The win rates for both long and short positions are 82%. From 5927.4 pips made, the average win is 24.98 pips, whereas the average loss is -36.87 pips. The best trade had $18.63, and the worst one lost -$40.07. 

Monthly gains.

The EA made really good profits in August (27.39%). However, it has been unable to maintain the trend. Instead, the gains have been declining since September to date. 

History of trading.

The system worked with fixed lot sizes (0.01). It also placed some grids of orders in some instances. We also see one occasion where the robot made a huge loss — $400.7. It definitely erased a significant amount of profits already obtained. 

Trading summary for currency pairs.

The GBPUSD pair was mainly used to trade, making it the most profitable instrument — $2459.3. 

How much does it cost?

The vendor wants you to pay €299 to acquire Happy Galaxy. Once you do, you will get 1 license for an unlimited number of real/demo accounts, free updates and upgrades, and a 30-day money-back guarantee. A bonus of Happy Forex full pack that comprises 10 EAs is also available for free. 

Happy Galaxy’s price.

Reviews from customers

Happy Galaxy does not have any customer reviews yet. Our search for testimonials on sites like Myfxbook, Trustpilot, and FPA were unfruitful. It is possible that traders are unaware of the EA’s existence. 

Should you use Happy Galaxy?

ProsCons
Easy to installVendor transparency is lacking
Live records are present on MyfxbookHigh drawdown
The grid approach is used
No feedback from customers

Conclusion

Happy Galaxy is not for traders who are serious about making money in Forex. In about 3 months, the EA has managed to decimate nearly 40% of the capital. If this trend continues in the next few months, we might have a margin call. The lack of vendor transparency also tells you that the devs may not be experienced traders. Therefore, your investment won’t be safe in their hands.