Happy Algorithm PRO uses the strategy that measures and analyses the deflections of the correlative value to obtain the optimal SL and TP. The algorithm works on the MT4 platform and comes with support for ECN brokers. This review will list all the crucial features and scrutinize necessary information to help investors make the right investment decision.
Vendor transparency
Happy Forex is the parent brand behind Happy Algorithm PRO. They have an overall rating of 4.5/5.0 on TrustPilot. They have an array of products on the marketplace like other EAs that belong to the Happy Family, signals, scripts, and many tools. Their live results speak highly of their reputable performance up till this point.
Happy Algorithm PRO works
The robot comes with the following main features:
- The robot is 100% automated.
- It’s compliant with FIFO rules.
- It operates on Windows, Mac, and Linux.
- WThe system works well with Micro, Standard, and Mini accounts.
To install the EA, use the following steps:
- Purchase the system from the website and login to your MT4 platform
- Download the product from the website
- Drag the EA files to charts to start trading
The algorithm will start trading the market depending on the coded information. It manages risk and open/closes trades automatically.
Timeframe, currency pairs, deposit
The sellers recommend that the system perform best on the currency pairs: EURUSD, USDCHF, and a minimum deposit of 15 USD. This product trades on all timeframes.
Trading approach
The developer states that the robot measures the ups and downs in correlative currency pairs and performs statistical analysis to determine the exit points. The relative deflections are then used to place trades on EURUSD and USDCHF.
From the live records on Myfxbook, we can observe that the EA uses an averaging strategy and a combined take profit for EURUSD and USDCHF. It will close out the trades when the overall account equity reaches the desired profit target.
Pricing and refund
This robot is sold in two packages: 299 Euros and 499 Euros. These prices are fixed and one-time. A 30-day money-back guarantee, 24/7 customer care, and access to lifetime upgrades after purchase.
Trading results
Although there are no backtesting records on the seller’s website, we could find verified trading results. They show the performance of the system from June 18, 2021, till March 01, 2022. These results have been certified by Myfxbook. It can be seen that the system makes a monthly gain of 3.84% with a drawdown value of 66.49%. Balance stands at 1745.05 USD, with a profit valued at 245.05 USD. A deposit of 1500 USD was made initially.
Further analysis reveals that the EA participated in 643 trades, out of which 57% were profitable. The lot size is reported as 6.43. The system trades with an average trading length of 3 days. Its profit factor is 1.28. The robot has made the best trade of 222.6 USD for this period.
People say that Happy Algorithm PRO is…
Very good. There are 13 customer reviews present on TrustPilot, a trusted third-party site. One past customer says that Happy Forex provides very well-performing EAs which are stable and affordable for most.
Verdict
Advantages
- 100% automated trading
- Free lifetime updates
- Live trading results are available
Disadvantages
- No backtesting records
Happy Algorithm PRO Conclusion
Happy Algorithm PRO is clear on the trading strategy, which maximizes profit for traders. The developer does not provide backtesting records for the system which we could use to analyze its past performance. Despite the high drawdown, the system’s growth chart looks good as it is constantly rising.
