Happy MartiGrid is an FX robot from the Happy Forex group that assures the best profits and stability. As the name implies, this ATS uses the Martingale and Grid approaches alongside new filters and technical indicators for the trade execution. As per the vendor, a 99.905 optimization of the system on the MT4 platform has resulted in high performance.
Vendor Transparency
Happy Forex promotes several expert advisors and follows a similar pattern for presenting most of its EAs. This ATS is not an exception. We can see info on the updates done to the EA, minimal requirements, features, price, and results displayed on the site.
The vendor does not provide location info or phone contact which can make it difficult for users to receive support when needed. Additionally, there are no details present concerning the developer or the team behind this MT4 tool. The lack of vendor transparency makes us suspicious of the reliability of this FX EA.
How MartiGrid Works
It’s a fully automated MT4 tool. According to the developer, it can suit both experienced traders and newbies.
Timeframe, Currency Pairs, Deposit
While the vendor recommends a minimal deposit of 3000 USD/cent based on the standard/mini/micro account type you choose, there are no details on the currency pairs and timeframe used. Easy installation, ECN broker support, full automation, and automatic quotes identification up to 4 or 5 digits are the features of this FX EA.
Trading Approach
Many traders consider the Martingale approach a dangerous one. Grid strategy also has its share of disadvantages that make traders shy away from the approach. Since this EA uses both approaches, the level of risk involved is very high. But the vendor claims that the optimization and dynamic TP and SL features can help in minimizing the risk and boosting the profits.
Pricing and Refund
This FX EA is available for €299 which includes two licenses, a user guide, free updates, and free upgrades. For€499, the vendor provides five licenses. The price includes 9 other expert advisors of the vendor beside the Martigrid EA. A 30-day money-back guarantee is present for the package.
Trading Results
A strategy tester report is displayed on the site for the GBPUSD pair using the H1 timeframe starting from 2011 up to 2013. The details of this ‘Every Tick’ based model of 99.9% quality is shown below:
From the above report, we can see a total net profit of $9103.56 gained from a deposit of $3000. A profit factor of 2.82 and profitability of 72.40% are present for this account. The maximal drawdown was 16.91%. A total of 2105 trades have been executed during the backtesting. While the drawdown is not too high, the profits are also not as high as the vendor claims the EA can make.
The vendor also reveals a live trading result of a real USD account verified by the myfxbook site. Here are screenshots of the results:
From the above images, we can see a total profit of 2.21% and a monthly profit of the same value shown under the trading stats. A drawdown of 2.59% is present for this account which started with a deposit of $1000. The trading started on June 18, 2021, and there have been 16 trades completed with an 81% profitability. A profit factor value of 2.89 is shown for this account.
From the trading history, we can see the lot sizes vary between 0.01 and 0.02. Comparing the backtest results with the real trading results we can see that the profit factor value is similar and the profits are very low for the real trading account. The poor performance indicates the approach used is not effective.
People say that MartiGrid is…
A good EA. User reviews for the Happy Forex group are present on the Forex Peace Army site. There are 5 reviews overall with a rating of 3.54/5. But we find that there are no recent reviews and the last one was posted in 2019. The lack of recent feedback indicates the company is not popular among traders now.
Verdict
Pros
- Fully automated software
- Money-back guarantee
Cons
- Uses high-risk Martingale and Grid strategies
- Poor performance in the real account trading
- Small sample size
Happy MartiGrid Conclusion
Happy MartiGrid claims to deliver stable profits with its Martingale and grid approaches. Our evaluation of the features, approach, backtests, and real account trading indicates this is not a reliable EA. The small sample size, poor growth of the account, and lack of user reviews denote this is not a trustworthy FX robot.
