Happy Market Hours is an easy-to-use system that seeks to meet the needs of veteran and new traders alike. The EA is able to trade on any large account that has a Metatrader application. So far, the devs have updated it more than 10 times.
The inventor of this robot is known as Happy Forex. The company is based online and has been around for nearly a decade. During this time, it has managed to create more than a dozen EAs, including Happy Way, Happy Galaxy, Happy Breakout, Happy Algorithm Pro, etc.
The company is a well-known Forex EAs developer on the market. The list of their products includes Happy Way, Happy Power, Mappy Martigrid, Happy Galaxy, Happy Neuron and more. Happy Market Hours uses trend/scalping strategy and is easy to use and set up even for ‘green’ traders. It comes for an affordable price and includes a 30-days money refund. It means that the developer is confident in his system’s efficacy and reliability.
What is behind the Happy Market Hours robot?
Here is a list of the robot’s features:
- It’s 100% automated and easy to install.
- The system supports ECN brokers.
- It does not work with dangerous approaches like martingale, grid, and hedging.
- It comes with auto-quotes detection 4 or 5 digits.
- The supported trading terminals are MT4 and MT5.
- The EA works with all account types, including micro, mini, and standard accounts.
- It’s compatible with the following operating systems; Windows 7,8,10,11, Mac OS, and Linux.
- TMGM, IC Markets, Pepperstone, Admiral Markets, VTMarkets, Orbex, and ForexMart are the recommended brokers.
The devs confirm that the system works best with the EURUSD, EURCHF, EURGBP, USDCAD, USDCHF, GBPUSD currency pairs on the M15 chart. A minimum deposit of $100 is needed to initiate trades on a live account.
Happy Market Hours combines two strategies (trend and scalping) and implements them using technical indicators. A spread filter is also incorporated to prevent the robot from executing any trades when the broker spread increases and exceeds the setting spread. Moreover, stop loss and take profit levels are applied, and the targets are based on the overall market sentiment.
According to the backtest results, the EA traded the GBPUSD currency pair on the M15 chart, completing a total of 2172 trades in the end. The trading period, which was between 2005 and 2017, also saw the system use a deposit of $1000 to produce a massive profit amount of $76089255.52. The win rates for short and long positions at the time were 81.91% and 76.16%, respectively. A small drawdown (16.83%) was produced, indicating that safe trading was applied.
For a price of €299, you can acquire 2 licenses for this EA and obtain access to 2 real accounts. But if you want more licenses, say 5, then you need to pay an additional €200. This latter package allows you to trade on 5 real accounts. Other features included in the pricing plans are a manual guide in the English version, unlimited demo accounts, 9 free EAs, a 30-day money-back guarantee, unrestricted use, and free updates and upgrades.
Trading performance of Happy Market Hours
We have a real USD account on Myfxbook that is being hosted by Blaze Markets. It was opened almost 11 months ago and deposited at $5000. The EA has used this amount to make an income of $628.34. It increased the account’s standing by more than 10%. It is also commendable that the system has maintained a low drawdown (14.56%) all through. This means that its strategy is inherently safe.
We have 432 executed trades with an average win of 3.37 pips against an average loss of -2.88 pips. The average trade length is 56m, whereas the profit factor is 1.14. To date, the pips won are 435.9.
The USDCAD appears to be the preferred instrument of trade, with a total of 151 orders implemented. However, the GBPUSD pair is the one that has brought in the most profits at $483.60.
Friday and Sunday are the least traded days.
Traders claim that the customer support is great and the Happy Forex team is always ready to assist.
While there are no specific testimonials that mention this robot on Trustpilot, traders are primarily satisfied with Happy Forex’s products. The general sentiment is that the EAs work great and generate substantial returns for users. These opinions are consistent with Happy Market Hour’s performance in the live market.