Happy Way EA trades on the MT 4 platform and automatically detects 4 or 5 digit brokers. The algorithm is fully automated and comes with free updates and upgrades after the purchase. Traders can use it to trade on multiple currency pairs. We will review all the possible features of the algorithm to analyze its profitability and drawdown value.
Happy Way robot review
The robot has been in the forex market since June 21, 2021. The company provides a free set of EAs with purchase while offering a money-back guarantee. We decided to review their offer and see for ourselves if Happy Way can be a good choice for purchase.
What is behind the Happy Way robot?
Happy Forex is the developer behind the robot. The author has multiple products available in the financial marketplace, including Trend, News, and Frequency. Traders can check out their profiles available on social media platforms such as Facebook.
How it works
The user must follow the following steps to follow to set up the algorithm:
- Buy the product and provide your MT 4 account number to the author
- Sign in to your MetaTrader platform
- Copy the EA into the experts’ folder
- Attach the robot to the chart and start trading
The robot comes with the following key features:
- Traders can install it easily
- Money-back guarantee valid for 30 days
- It trades on various currency pairs
- Auto-detection of 4-5 digit brokers
- There are free updates and upgrades after the purchase
Happy Frequency trades in five stable currency pairs: USDCAD, AUDUSD, AUDCAD, CADCHF, and AUDCHF. It does not use any indicator to trade and implements an averaging strategy without the use of martingale. Traders of all levels can use it according to their needs.
The history on Myfxbook suggests that the EA uses a virtual stop loss and take profit to exit the markets. The average trade duration of 18 days suggests swing trading.
The author does not share any backtesting records of the algorithm with us.
The robot can be purchased for €299 and €499. The first one comes with 2 licenses while the latter supports 5 keys. The company has a 30days money-back guarantee and provides a free set of indicators with the purchase.
Trading performance of Happy Way
The algorithm verified data is present on Myfxbook from June 21, 2021, to March 25, 2022. The initial deposit was $2500, with a current balance of $2925.38.
The robot drawdown was 18.89%, with a daily gain percentage of 0.08%. It can be seen that a total of 163 trades were made, of which 68% were in plus and 32% negative. The average wins and losses were $7.53 and -$7.9, respectively. The EA best trade noted was $27.92 with a profit factor of 2.04.
Traders can contact the support via email, live chat, TeamViewer, and AnyDesk. The developers provide 24/7 services to customers.
There are a total of 5 reviews present on Forex Peace Army, where the company has a total rating of 3.542. A customer comments that they bought one of their products two weeks ago, and it has turned in good profits in volatile markets.