Trading in more than 25 currency pairs, HAPPY NEURON is a Forex EA that promises to bring you sizable profits. It has a neural network-based system that allows it to thoroughly analyze the prevailing market sentiment. This allows for more accuracy when identifying entry and exit points.
The vendor claims that their system places trades automatically with little manual intervention needed. It gives the user a greater degree of control when it comes to the lot sizes and trading parameters. Now, we need to assess whether this Forex EA has what it takes to perform well in the live market.
HAPPY NEURON: Characteristics
HAPPY NEURON is a 100% automated system that supports FIFO rules and ECN brokers. It is easy to set up and able to perform autodetection of 4/5 digit quotes. You can run this Forex EA on all the operating systems. Furthermore, you have the option of choosing from three different risk levels as per your trading objectives.
The vendor provides both real and demo accounts for users, so you can test the system on the demo account to check its performance. Free updates are also provided on a regular basis.
Currency Pairs, Strategy & Timeframe
The vendor does not provide us with any information regarding the trading strategy applied by the Forex EA for generating profits. This is disappointing, especially for Forex traders who are very particular about technical details. Without knowing about the trading strategy, we cannot determine whether the Forex robot is capable of generating profits consistently.
It is mentioned that HAPPY NEURON lets you trade in more than 25 pairs. The recommended timeframe is H4, and the minimum deposits for conservative, normal, and aggressive risk settings are $5000, $3500, and $2000, respectively.
HAPPY NEURON Trading Performance
On the official website, we have links to three different Myfxbook live trading accounts for different risk levels. Here, we shall discuss the 4x Aggressive Risk account, where the trades are placed with extremely high risk.
This account was opened quite recently on December 15, 2020, and to date, it has managed to provide a gain of 193.8%. As we can see, the account has made a profit of $969.02 from deposits of $500. The daily and monthly gains are 1.70% and 65.59%, respectively, and compared to other Forex EAs, this is quite impressive.
A cause for concern is the high drawdown of 64.21%, but this could be because of the high risk taken while placing the trades. The account has carried out 1435 trades during this short period of time, and it has won 1208 of them, which represents a profitability of 84%. This figure alone can convince a Forex trader of the system’s reliability.
Moreover, this account has won 84% of long trades and 83% of short trades, with the average win being 14.38 pips/$1.58. The high profit factor of 2.03 further enhances our confidence in this system.
While the live trading results are pretty impressive, we have no backtesting data to compare them to. Some people may be satisfied with the live trading results only, but others look for backtesting results to know about the system’s performance based on historical data. We hope the vendor will consider including this in the future.
How Much Does it Cost?
You can purchase HAPPY NEURON by paying 349 Euros. This gives you access to an unlimited number of demo and real accounts. Moreover, you get the Happy Forex Full Pack containing 10 Forex EAs for free. In case you have purchased the full pack in the past, you can avail a discount of 30%.
This is by no means a cheap product, and there are several other reliable Forex EAs available for much less. That being said, the vendor does offer 30 days money-back guarantee on this product.
Reviews From Customers
We were unable to find any user reviews for HAPPY NEURON on third-party sites like Trustpilot and Forexpeacearmy. Positive customer reviews are something that all Forex traders look for because they tell them that the system is reliable if other people have profited from it.
Should You Use HAPPY NEURON EA?
|Verified live trading results are provided||The strategy information is lacking|
|No customer reviews available|
|Little or no information about the developers|
To summarize, we don’t feel confident about investing in this Forex EA and there are several reasons for this. First of all, the vendor doesn’t tell us anything about who the developers are and what strategy they use for analyzing the market.
Secondly, there are user reviews to assure us that this is a reliable system. We cannot only rely on live trading results when it comes to investing in a Forex EA, so we don’t think HAPPY NEURON is a service you can trust.