Happy Market Hours is a Forex robot that works best on ECN or Standard accounts, though micro and mini accounts are still supported. The devs have updated the system numerous times. Recently, they added indicators like Bollinger Bands, Commodity Channel Index, Fractals, and Williams Percent Range to it.
Vendor transparency
The EA was invented by Happy Forex. The company runs its operations online, and to date, it has produced multiple Forex robots for users. Some of the products you will see when you visit the official site include Happy Neuron, Happy Indicators, Happy Algorithm Pro, and Happy News.
How Happy Market Hours works
These are the characteristics of the robot:
- Is easy to install.
- It doesn’t utilize risky approaches like hedging, grid, or martingale
- The system supports ECN brokers.
- It comes with an auto-quotes detection of 4 or 5 digits.
- It is 100% automated.
- The minimum trading deposit is $100..
- It trades on the MT4/5 terminals
- The supported operating systems are Linux, Mac OS, and Windows 7,8,10,11.
Timeframe, currency pairs, deposit
The system is said to work best on EURCHF, EURUSD, GBPUSD, EURGBP, USDCHF, and USDCAD currency pairs. It uses the M15 timeframe, and the recommended deposit is $100.
Trading approach
When it comes to the trading strategy, the devs inform us that the EA uses the trend/scalping strategy with technical indicators. They have also equipped the robot with a spread filter which prevents it from implementing a trade when the broker spread surpasses the setting spread. Moreover, stop loss and take profit levels are used, and they are based on market sentiment.
Pricing and refund
Happy Market Hours is available at either €299 or €499. By purchasing the robot, you get 2/5 licenses, 2/5 real accounts, free EAs, unlimited demo accounts, a complete user guide, free updates, a 30-day money-back guarantee, Happy Indicators Pro at no cost, and unrestricted use.
Trading results
The above stats indicate that the Happy Forex team backtested their strategy using 2005-2017 period data. As such, the EA conducted a total of 1775 trades on the M15 chart. The generated profit was overwhelmingly large ($28511188.59) and equivalent to a 77.75% profitability rate. A small drawdown of 11.32% was made, implying that low-risk trading was in force. The profit factor was 1.61.
As you can see above, Happy Market Hours is managing a live account on Myfxbook at the moment. The user initially deposited the account at $5000, and the EA has used this amount to generate another $653.41. So, the account has a balance of $5653.41 now and a total gain of 13.07%. The current drawdown is 14.55% and low. This shows us that the system’s trading activities are safe in the live market as in the backtest period.
We have 412 finalized orders with a profit factor of 1.15. Trading positions are held for 56 minutes, for the most part. Till now, the traded lots are 334.91, and the higher average win figure than the average loss value tells us that the robot generally brings larger profits than losses. The pips made are 428.4.
The graph above shows us that the winning trades are more than the losing trades on all days except Friday. Moreover, Tuesday and Thursday are the busiest days.
The EA majorly trades on the USDCAD with 145 buy/sell orders placed so far. But the GBPUSD currency pair stands out for making the largest profit amount—$339.11.
People say the Happy Market Hours is…
The vendor of this robot has received tens of positive reviews on Trustpilot. Traders say that its products are great, easy to use, and make serious profits, weekly. So, it is highly likely that Happy Market Hours is part of the tools being praised for being effective.
Verdict
Pros
- Low drawdown
- Easy to use
- Has a live account on Myfxbook
- Vendor has a good reputation
Cons
- The identity of the developers is unknown
Happy Market Hours Conclusion
Happy Market Hours is a safe trader, so it will not expose your capital to unnecessary risk. While trading on a live account for almost a year, it has managed to keep the drawdown below the 15% mark. The EA’s ease of use further makes it an attractive choice for both new and veteran traders who do not want to trade with high risks and prefer to earn small but stable profits. What’s more, the vendor is reputed for developing efficient systems.
