Happy Breakout is a Forex expert advisor that runs on Metatrader 4 as well as Metatrader 5. It trades in two currency pairs and refrains from using risky strategies. Also, you can install this EA on multiple operating systems.
The current price of this Forex EA is 550 Euros. This is quite standard compared to other robots on the market. By purchasing this EA, you get access to a single license for an unlimited number of real and demo accounts. Also, the vendor provides customers with the Happy Forex Full Pack containing 10 EAs. Those who have already purchased the Full Pack EAs get a discount of 30%.
There is a 30-day money-back guarantee if your drawdown exceeds a certain level. The license is for the first month after which it is automatically renewed.
Happy Breakout trading strategy
The trading strategy of this robot is based on the breakdown of vital support and resistance levels. It uses trailing and fixed stop loss while trading. The developer has optimized the system with real ticks and 99.90% modeling quality.
Before running this EA on a live account, you should test it with minimum risk. It is recommended that you use a hosting server or a VPS with low latency to the broker’s server. While selecting a broker to trade, it is important to have fast execution, low commission, and low spreads. The robot is compatible with multiple operating systems like Linux, Mac OS, and Windows.
Happy Breakout features
This EA supports ECN brokers and can automatically detect 4 or 5 digit quotes. It is a fully-automated system, which means it can function without manual inputs from the user. Happy Breakout does not use risky trading strategies like martingale, arbitrage, or hedging.
The currency pairs supported by this system include EUR/USD and GBP/USD. You should load the EA on H1 and M30 charts. The maximum spread is 10 points while the maximum stop level is less than 10 points. You can get started with a small starting deposit of $100.
Happy Breakout backtesting results
This backtest was conducted from 2012 to 2015 on the EUR/USD pair with 99.90% modeling quality. The EA used an initial deposit of $1000 to conduct 1028 trades for the M30 timeframe. It managed to win 71.11% of its trades, thus generating a profit of $553363.29.
During the testing period, the profit factor was quite high at 3.20, and the relative drawdown was only 14.49%. There were 17 maximum consecutive wins and 7 maximum consecutive losses for this backtest.
Happy Breakout live trading results
This live trading account on FXStat has been active since November 2019. To date, the account has experienced a growth of 74.43%. After conducting 1196 trades, the win rate for the EA currently stands at 80.1%. Compared to the backtest, the win rate is slightly higher.
The account has a decent profit factor of 1.08 and a drawdown of 17.93%. Although the drawdown is higher than what we saw in the backtest, it is still quite low considering the high win rate. Since the drawdown is within the acceptable limit, we can say that the EA does not trade with high risk. The daily and monthly gains for the account are 0.09% and 1.97%, respectively.
As you can see from the recent trading history, the EA generates profits at a steady rate. The average trade duration is 0.39 hours and the lot size ranges from 2.09 to 2.20. Happy Breakout has an average profit and loss of $54.38 and -$229.16.
Happy Breakout reputation
The developer team behind this EA is known as Happy Forex. This team is based in Germany and they have been building Forex automated trading systems for more than five years. As such, they have a pretty decent reputation in the Forex trading community. Other robots from this company include Happy Galaxy, Happy Power, Happy Neuron, Happy Breakout, Happy Frequency, Happy Gold, Happy Way, and Happy Fast Money.
At this moment, there are no user reviews for this expert advisor on third-party websites.
Happy Breakout review summary
- Strategy – 6/10
- Functionality & Features – 7/10
- Trading Results – 8/10
- Reliability – 7/10
- Pricing – 7/10
Happy Breakout is a Forex expert advisor that has proved itself capable in the live market. Compared to other EAs, it is quite affordable and the vendor also provides users the protection of a money-back guarantee. This robot does not use dangerous strategies and manages to keep the drawdown low while generating steady profits.
