The Happy Gold robot works on gold and does not employ martingale and grid strategies that are considered dangerous. The robot is fully automated and detects the quotes on 4 and 5 digit brokers. It can work on both MT 4 and 5 platforms. Our article will discuss all the important features of the algorithm and take into account all the pros and cons to help you make the investment decision.
Happy Gold robot is made available by the Happy Forex Company. They do not clarify who the real developers of the system are, which is a poor approach. There is no knowledge of the experience and whereabouts of the programmers.
How Happy Gold EA works
The robot comes with the following features for traders:
- It does not employ grid and martingale strategies and works with full automation
- It detects four or five-digit brokers automatically
- It has support for ECN brokers
- It has a spread filter and uses virtual trailing stop losses
Time frames, currency pairs, deposit
The robot works on gold and can perform on M15/M30/H1/H4 charts. The developer recommends using a minimum of $100 in deposit.
The robot uses multiple strategies that can include scalping, swing, and grid news. It employs the modified zig zag indicator that tracks and connects the extreme points in the charts. From the trading history on Myfxbook, it is evident that the robot uses virtual stop losses. However, they can exceed the take profit, which can make up for an unfavorable risk-reward scenario. For their scalping strategy, the average trade duration is three minutes, increasing if the trade is at a loss.
Pricing and refund
The robot is available for 299 Euros for two licenses and 499 Euros for five licenses. There is a 30-day money-back guarantee if you are not satisfied with the product.
Backtesting results are available for multiple settings. For swing settings, the relative drawdown was around 7.90%. The winning rate was 86.21%, with a profit factor of about 2.41. The test was done on the 1-hour chart with a starting balance of $1000. The robot tanked an average profit of $11.79 during this period. There were 805 trades in total, with 25436 bars in the test. The best trade was $58, while the worst one was -$60
Verified trading records on Myfxbook show performance from June 09, 2021, till the current date for HappyGold v2.0 M30. The system made an average monthly gain of 17.08% during the period, with a drawdown of 8.24%. The winning rate stood at 86%, with a profit factor of 2.53. The best trade was $462.30, while the worst was -$563.34. There were a total of 42 trades. The developer made $5000 in deposits and $0 in withdrawals.
People say that Happy Gold is…
People say that BuySellSeries EA is A scam. Customer reviews on Forex Peace Army give the product a rating of 3.542 for a total of 5 reviews. One of the 5 star reviews is removed from FPA as it came from the same location as the developers.
Another customer states that he used the trading robot from the company, and it blew up his trading account.
|30-day money-back guarantee||No transparency on the developer|
|Live account results are for a short duration|
|The company is not transparent on the strategy|
Happy Gold Conclusion
The Happy Gold robot has trading records for a short duration which is not enough to be profitable. The company is not transparent on their whereabouts, which does raise some red flags. It is better to wait and see how the algorithm will perform in the future before making any investments.