Happy News is a Forex robot from the Happy Forex team. This company has been manufacturing automated trading systems for over five years. Some of their most well-known robots include Happy Galaxy, Happy Power, Happy Trend, Happy Way, and Happy Breakout. The vendor sells Happy News at a discounted price while claiming that it can help you to take advantage of the market momentum.

Happy News: characteristics

This robot downloads Forex-related news from reliable online sources like ForexFactory. It then screens the same as per the requirements and preferences of the trader. It is up to you whether you wish to analyze and trade all the news, or just those that are relevant to the pair currently attached to the chart. You can use filters to find news that has a particular impact on the market. It is also possible to compare them with earlier news releases to get an indication of major price shifts. 

Happy News is compatible with operating systems like Linux, Mac OS, and Windows. It works on the MT4 trading platform and supports ECN brokerage accounts. The minimum deposit required for this robot is $100. This EA has a simple installation process and it avoids using risky strategies like grid, hedging, and martingale. It is a fully-automated system that can operate without manual inputs and supports auto-quotes detection of 4 or 5 digits. 

Currency pairs, strategy & timeframe

The EA currently supports four currency pairs, namely USD/JPY, AUD/USD, EUR/USD, and GBP/USD. It lets you automatically trade relevant Forex news, no matter the impact. The system places pending orders in both directions in order to capitalize on the market momentum in case the news significantly impacts the price of Forex pairs. 

Happy News trading performance

Growth chart of Happy News on FXStat.

Unfortunately, the vendor has not shared the backtesting results for this expert advisor. Here, we have a live trading account on FXStat that has been conducting live trades since February 2019. To date, the EA has conducted 428 trades through this account. The current win rate stands at 87.62%, which is incredibly high, especially considering the fact that the account has been active for several years.

At this moment, the daily and monthly gains for this account are quite impressive at 0.14% and 3.08%, respectively. The drawdown is only 13.34%, which is within the acceptable margin. It is quite remarkable that the robot has managed to generate a profit of $2258.66 while keeping the drawdown low. The profit factor of this account is quite satisfactory at 1.76. 

Trading results of Happy News on FXStat.

Here you can see the recent trades conducted through this account. The EA has canceled most of the trades it has placed recently. However, it has managed to generate profits at a steady rate without suffering heavy losses. The average profit and loss for this account are $13.94 and -$56.05, respectively. Happy News has managed 18 maximum consecutive profits and 3 maximum consecutive losses to date.

How much does it cost?

There are two pricing plans for this expert advisor. The first one offers two real account licenses for 299 Euros, while the second one offers five licenses for 499 Euros. Compared to other EAs, the plans are quite affordable. 

This robot is a part of the Happy Forex Full Pack, so you get to use nine other EAs as well. Additionally, the vendor offers a 30% discount. They also include a user guide in English and an unlimited number of demo accounts. Also, there is a 30-day money-back guarantee. You only need to pay for the license for the first month, after which the vendor will provide you with a lifetime license without any extra costs.

Reviews from customers

User reviews for Happy Forex on Trustpilot.

At this moment, there are no user reviews for this EA on third-party websites. However, Happy Forex, the parent company, has a high rating of 4.6 out of 5 based on 20 reviews on Trustpilot. In the reviews, several users have praised the performance of the expert advisors and claimed that they are able to generate steady profits.

Should you use Happy News EA?

Pros Cons
Verified trading results No backtesting results 
High win rate 
Low drawdown

Conclusion

Happy News is a Forex expert that has proved itself capable of winning steady profits while maintaining a low drawdown for several years. The pricing plans for this robot are quite affordable and you can use it for trading in multiple pairs. Also, the vendor offers the protection of a refund policy.