Happy MartiGrid claims to provide stable and high returns with its Martingale and Grid approaches. This expert advisor is fully automated. It uses advanced and dynamic SL and TP positions. This FX EA is promoted by the Happy Forex company. There are no details on the company website about the founding year, developer team, location address, phone number, etc. Other products of the company include Happy Power, Happy breakout, Happy Neuron, Happy Galaxy, and more.
As per the vendor, this FX robot claims to provide consistently high profits with very low risk. In this review, we check the veracity of the vendor’s claim by evaluating the various characteristics of the MT4 tool. This FX EA has received several updates and is in version V1.91 now. Some of the updates done to the system include auto GMT setting, trade time setting, the inclusion of settings to support multiple currency pairs, and more. The vendor does not provide info on the duration for which this EA has been used in the market.
What is behind the Happy MartiGrid robot?
To install this FX robot, you need to first purchase the EA which is available in the package of 10 EAs sold by Happy Forex. Requirements for setting up the software include the use of a micro, standard, or mini account, and an MT4 account.
The vendor does not provide info on the currency pairs this ATS works on except for the mention of the addition of the AUDUSD pair in the updates. A minimum deposit of $3000 or 3000 cents is recommended by the vendor based on the account you choose. There is no info on the recommended leverage and timeframe. The software is compatible with ECN brokers.
A combination of the Martingale and grid methods form the main strategy of this FX EA. Additionally, the ATS uses technical indicators and a news filter. Since the methods used are considered dangerous in general, the vendor mentions that it requires meticulous attention. Other than the mention of using advanced dynamic SL and TP, there is no explanation of the methods. Backtesting done for the EA from 2011 to 2013 is shown here:
A total net profit of $9103.56 was generated for an initial deposit of $3000 for the testing done on the GBPUSD pair. The test used the H1 timeframe and completed 2105 trades with a profitability of 72.40%. A profit factor of 2.82 was present and the drawdown was 16.91%. From the results, we can see the profits are not very high considering the initial deposit and the number of trades executed. The low profits show an ineffective approach.
To use this FX robot, you need to buy a package of 10 EAs from Happy Forex. For 2 licenses the package costs €299 and for 5 licenses the cost is €499. Features included in the package are a user guide, 2 or 5 real accounts based on the package you choose, an unlimited number of demo accounts, free upgrades, free updates, and a 30-day money-back guarantee. When compared to other similar systems in the market, the price is not expensive as the package includes 9 other EAs besides this FX robot.
Trading performance of Happy MartiGrid
A real USD account using the leverage of 1:500 on the MT4 terminal verified by the myfxbook site is shown here.
From the above stats, we can see that a total return of 17.03% and an absolute return of 17.08% are generated for the account that began in June 2021. A daily and monthly profit of 0.08% and 2.45% are present. The drawdown for the account is 27.20%. For a deposit of $1000, the EA had executed 102 trades with 77% profitability and a profit factor of 1.68. A lot size of 0.01 is used for the trades. From the results, we can see that the profits are not high. But the growth looks steady and smooth. The drawdown is high, which shows some risk is involved in using the system.
For support, the vendor provides methods like email, live chat, TeamViewer, and AnyDesk. The support team works 24/7 to resolve the queries and issues of users.
Unfortunately, there are no user reviews for this FX EA on reputed sites like FPA, Trustpilot, etc.