Happy News is a Forex EA from the Happy Forex team that works on the Metatrader 4 platform. It is a 100% automated system that is easy to install and that lets you take advantage of market momentum. This Forex EA is sold as a part of the Happy Forex Full Pack containing 10 different expert advisors.
Happy News: Characteristics
Happy News lets you trade the relevant Forex-related news, no matter what outcome it has. By placing pending orders in both directions, it ensures that you can benefit from the market momentum if the currency rates are significantly impacted by the news. The news is collected from reliable sources and is filtered as per the user’s preferences.
You have the option of choosing what news you wish to trade, and you can choose to trade the ones related to a particular pair. This robot has several in-built filters that let you control to what degree you wish your trading to be influenced by the news.
It works on multiple operating systems like Windows 7, 8, 10, Linux, and Mac OS. It is advisable that you use an ECN account with a minimum deposit of $100. The robot supports ECN brokers and has auto-quotes detection capabilities for up to 4 or 5 digits.
Currency Pairs, Strategy & Timeframe
Happy News mainly trades in pairs like EUR/USD, AUD/USD, GBP/USD, and USD/JPY. The vendor mentions that it does not use risky trading strategies like grid, hedging, or martingale. Nevertheless, the exact strategy used by the robot is not revealed, neither is the timeframe.
Expert Forex traders often look for the technical details of the strategy, because it helps them evaluate the profitability of the robot to a certain extent. The absence of strategy insight might be taken as a red flag by some individuals.
Happy News Trading Performance
Here we have the live trading results for a Happy News live trading account on the FXBlue website. It has a trading history of 487 days, and during this time, it has generated a total profit of $846.85. We can also see that it has a high win rate of 76.1% and a decent profit factor of 1.35.
Currently, the daily, weekly, and monthly returns for this account are 0.18%, 0.89%, and 3.78%, respectively, while the total return is 84.7%. To date, it has closed 207 trades, out of which 156 have been won and 49 have been lost.
For this account, the risk/reward ratio is 0.63, while the risk of ruin is merely 18.3%. The trade length is 22.8 minutes, with the average result being +4.09. Overall, it looks like a decent and reliable robot capable of generating steady profits.
The vendor hasn’t shared the backtesting data on the official website, which comes as a major disappointment. From backtesting data, we can know about some crucial performance parameters, and the true profitability of a system can often be gauged by comparing it with the live trading results.
How Much does it Cost?
Happy News can be purchased for 299 Euro, which gives you access to 2 licenses and the Happy Forex Full Pack containing 10 Forex EAs. Alternatively, you can pay 499 Euros to get access to 5 licenses. When you purchase the product, you get a complete tutorial with a user guide written in English. The customer support team also guides you with the installation process.
Free upgrades and updates are provided by the vendor whenever applicable. The vendor provides a 30-day money-back guarantee for this product, so you can ask for a refund if the system’s performance is not up to the mark. This license is only for the first month and it will be renewed for free automatically.
Reviews from Customers
Although there are no user reviews specifically for the Happy News Forex EA, we came across multiple reviews for Happy Forex on the Forex Peace Army website. Most of the reviews are positive, and the customers have praised how the EA provides quick profits and performs well in volatile markets.
Should You Use Happy News Robot?
|Verified live trading results shared||Lack of strategy insight|
|Works with multiple operating systems||No backtesting data|
|30-days money-back guarantee offered||A bit expensive|
To summarize, Happy News is definitely not a scam service trying to siphon money off customers. There are several live trading accounts shared by the vendor where we can see the performance of the system in real-time. Although the pricing plans are not exactly cheap, it might be worth it considering the wide range of features offered by this robot.
However, this does not mean it is a perfect system, since there is no backtesting data, and the trading strategy is not explained properly. Thus, investing in the software involves a certain level of risk.