We have a Happy Gold system published many years ago by Happy Forex. The presentation looks empty and not informative at all. It’s so typical for them. Let’s figure out if the system works well after being updated.
Happy Gold trading strategy
- The robot works with Scalp, Swing, Grid strategies.
- It works with Gold only.
- The time frames are from M15 to H4.
Happy Gold features
Let’s talk about features, settings and other details.
- The system works completely automatically on a terminal for us.
- There’s a “modified ZigZag indicator that tracks and connects extreme points of the chart, the distance between these points being equal or higher than the percentage specified for the price scale.”
- The system opens one trade at a time.
- There’s a 24 pips stop loss.
- It uses a dynamic take profit.
- The spreads shouldn’t be higher than 20 pips.
- The advisor requires it to be used on an ECN account.
- It works on Windows, Mac OS, and Linux.
- We can work with it on the MT4 or MT5 platform.
- The minimum deposit requirements are $100.
- It doesn’t use Martingale, Hedge, or Grid.
- It supports ECN brokers.
- There’s auto-quotes detection 4 or 5 digits.
- The developers provide us with a user guide.
- There are 2/5 licenses for real accounts.
- The system is delivered with free updates and upgrades.
- It’s a typical scam – “The license is for the first month, and then you will automatically receive a free lifetime license on your email. You will pay for the license once only.”
We may note how the system calculates entry points.
The offer is typical and includes ten scam no-one-needs EAs. The final price is 299 EUR for two licenses and 499 EUR for five licenses. The final discount will be applied when we check out. A 30 days money-back guarantee is included.
Happy Gold backtesting results
It’s a report of Gold on the M30 time frame. The data period was one year. The modeling quality was 99.90% with 10 pips spreads. An initial deposit was $1000. The total net profit has become $518.26. The profit factor was 1.40. The maximal drawdown was 21.36%. The system traded 202 orders with 91,92% of the win rate for shorts and 91,26% for longs.
Happy Gold live trading results
The robot works on a real USD account on VT Markets automatically with 1:500 leverage on MT4. The account has a verified track record. It was created on June 09, 2021, and deposited at $5000. Since then, the absolute gain has become 28.92%.
The robot closed 34 orders with 1029 pips. An average win is 60.17 pips when an average loss is -143.20 pips. The win rate is 75% for longs and 94% for shorts. An average trade length is four minutes. The profit factor is 1.96.
The only profitable direction is the short one.
It focuses on trading European trading hours.
The system opens the most trades on Tuesday and Wednesday.
The robot works with insane risks. Losing two orders causes the account to lose 10% of the balance.
The system trades with insanely deep SL compared with TP levels.
August 2021 has started with solid losses.
Happy Gold reputation
The advisor has no reputation at all. The system wasn’t reviewed on Forex Peace Army or Trustpilot. It’s a cat in the bag.
Happy Gold review summary
- Strategy – score (5/10)
- Functionality & Features – score (4/10)
- Trading Results – score (3/10)
- Reliability – score (3/10)
- Pricing – score (2/10)
Conclusion
Happy Gold is a trading solution that works with Gold only. The system doesn’t use risky strategies but trades with high risks anyway. The SL levels are deep, and TP levels are trailed. So, the system doesn’t close profitable orders with the full number of pips they should have gained. The advisor package includes ten useless advisors that have become scams years ago.
