Happy Trend Review

By Investdale March 2, 2022

Happy Trend is a Forex expert advisor that is compatible with multiple currency pairs. As per the vendor’s claims, it is suitable for beginners as well as pro traders. You can run this robot on multiple operating systems and it is currently being sold at a discount.

This robot is a product from the Happy Forex team. This team is based in Germany and has been building automated trading systems for several years. We don’t know when the company was founded, but it is well-known for building systems like Happy Galaxy, Happy Power, Happy Neuron, Happy Breakout, Happy Way, Happy Gold, etc.

Before investing in an expert advisor, it is imperative to conduct thorough research. This involves analyzing the various aspects of the robot, like vendor transparency, features, trading strategy, live performance, backtests, price, customer support, etc. By going through this review, you can determine whether this robot is reliable or not. We don’t know when exactly this robot was launched on the market. However, the live trading account on Myfxbook has been active since September 07, 2021.

What is behind the Happy Trend EA?

Happy Trend is compatible with operating systems like Linux, Mac OS, and Windows 7, 8, and 10. After downloading the EA software, you need to set it up on your MT4 trading account. You can use different types of accounts with this robot, namely Standard, Mini, and Micro.

Key features

The supported currency pairs include AUD/USD, GBP/USD, USD/CHF, and USD/JPY. You can get started with a minimum deposit of $100. The live trading account places its orders through the ForexMart broker and trades with 1:500 leverage. Happy Trend is easy to install and it supports ECN brokers. It is a fully-automated system that can perform auto-quotes detection of 4 or 5 digits quotes.

Trading strategy

This EA works on a high volatility market with the help of a news filter. It opens a maximum of one trade for one pair while using an effective money management system. The main objective of the strategy is to catch the proper trend shifts. For this reason, the EA uses precise market entries and dynamic stop loss and take profit.

Backtesting results of Happy Trend on the official website

This backtest was conducted on the EUR/USD pair from January 2020 to December 2020 using an every tick model. There were 181 trades placed during the testing period, out of which 82.87% were won. Using an initial deposit of $1000, the EA managed to generate a profit of $241.09. The profit factor was quite impressive at 181. There were 39 maximum consecutive wins and 3 maximum consecutive losses.

Pricing

You get two real account licenses for this EA in exchange for 299 Euros. For five licenses, you need to pay 499 Euros. Both plans come with unlimited demo licenses. There is a special offer where you get the Happy Forex Full Pack containing 10 EAs for free. The plans are not too expensive compared to others and the vendor offers a 30-day money-back guarantee.

Trading performance of Happy Trend

Growth chart of Happy Trend on Myfxbook

Since September 2021, the EA has conducted 332 trades through this account. It has an extremely high win rate of 87%, which means it rarely loses its trades. We can see that the win rate is even higher than what we saw in the backtest. The profit factor and drawdown for this account are 0.64 and 34.78%.

Trading results of Happy Trend on Myfxbook

From the recent trading history, we can see that the EA trades with a fixed lot size of 0.04. Clearly, it generates profits at a steady rate while holding each trade for an average of 6 hours and 29 minutes. The system does not use Martingale after loses and it is a good sign.

Customer support

On the official website, there is a chatbox where you can leave a message after providing your name and email. The service team will reach out to you soon afterward. Alternatively, you can use the contact form. Happy Forex has a Facebook page where you can find the official email address.