The Happy Trend uses dynamic stop loss and profit to trade multiple currency pairs. According to the provider, the robot is compatible with the volatile market; the system doesn’t use risky strategies like hedging, grid, and martingale. Read this Happy Trend review to know all the system’s features, strong and weak sides.
Happy Trend is developed by the Happy Forex Family and claims to be in the industry since 2016. There is no clear information about the vendor on the internet, certifications, history, or anything that claims their expertise in the Forex market.
How Happy Trend works
The robot comes with the following features:
- It is 100% automated.
- The system doesn’t use martingale, grid, or hedging.
- Easy to set up and install.
- Auto-quotes detection for 4 or 5 digit brokers.
- The expert advisor supports ECN exchanges.
To install the EA, use the following steps:
- Buy the system from the Happy Forex website
- Open Metatrader 4 and log in to your account
- Download the product into your PC
- Drag the EA to charts to start trading
Timeframe, currency pairs, and deposit
The expert advisor works with a minimum deposit of $100. The developers do not state the leverage required for proper functionality, and the currency pairs are also not listed on the website.
The author states that the robot does not open more than 1 trade per pair and uses money management techniques to manage the position. It does not employ averaging, martingale, or hedging strategies and uses a news filter to find high volatility market conditions.
From the live records on Myfxbook, we observe that the EA uses a virtual stop loss and take profit. It places executions on each new hourly bar opening, which is evident from the time the positions are executed.
Pricing and refund
The vendor is selling a pack of 10 EAs on a single purchase. Two offers are available; you get 2 licenses for an asking price of 299 Euros, while five activation keys would cost you 499 Euros.
The package includes unlimited demo accounts, a complete user manual, 24/7 customer support, lifelong updates, no activation expiry, and a 30-days money-back guarantee. The payment transactions can be processed through Visa, MasterCard, and American Express.
The developer shares the backtesting results of the EURUSD chart in the H1 timeframe. With an initial deposit of $1000, the total net profit can be seen as $241.09. There were 31143140 ticks modelled with a history quality of 99.90%.
The expert advisor participated in 181 executions with an 82.87% win rate. The relative drawdown value was 6.48%, with a profit factor of 2.08. The largest profitable trade was $11.58, while the loss stood at -$36.18.
Verified trading records of Happy Trend are available on my Myfxbook. The EA was added on 09 September 2021, making it six months of maturity. The account’s total balance is $729.85, with an initial deposit of $1000.
The drawdown value of the robot was 34.78%, with a profit factor of 0.65. The algorithm made an average gain of -27.04% and a total profit of -$270.42. It participated in 360 orders, out of which 47 trades were lost. The best execution was $10.56, and the worst stands at -$97.09.
People say that Happy Trend is…
Useless. A total number of five client reviews are available on Forex Peace Army, which gives them a rating of 3.542. Unfortunately, there are no comments about Happy Trend. One of the users writes about Happy Way and says that the expert advisor showed terrible performance and advised to be aware.
- Verified Live trading records are available
- Total return if EA stands in negative
- The short duration of backtesting records
- Higher drawdown percentage of 34.78%
Happy Trend Conclusion
The robot claims to use a real strategy module, but still, the gain is negative in live testing records. The drawdown value is higher than the average, and the backtesting records are available for just 12 months of duration. Negative reviews about the vendor create doubts about the transparency of the product.