Happy Market Hours employs the scalping and trend approach to generate high returns. It uses special features like spread filter, dynamic SL and TP, and others to make sure your capital is well protected and also increases in value. This MT4 compatible system is designed for use by traders of any experience level including newbies.
You can purchase this system for € 299 which includes 2 licenses of the software or for € 499 which has 5 licenses. A total of 10 EAs including the Happy market Hours EA are provided with the package. A discount of 30% is offered on the purchasing price and a bonus indicator is also given for free. A user manual, free updates, free upgrades, and an unlimited number of demo accounts, are the features you get with the package. A 30-day money-back assurance is also present which indicates that the vendor is confident about the reliability of the system.
Happy Market Hours trading strategy
A scalping and trend combination is used by this MT4 tool along with technical indicators. The vendor states that the scalping approach is not compatible with all brokers. To handle situations where the broker spread exceeds the setting spread, the EA has a spread filter that stops the system from executing the order. Further, the system uses dynamic SL and TP which are determined by the market sentiment for proper money management.
Happy Market Hours features
The core features that make this FX EA competitive in the market are:
- It is a 100% automated system working on the MT4 terminal.
- You can install and run the system in a few minutes.
- It does not use the Martingale, hedge, or grid methods.
- The robot can automatically identify quotes of 4 or 5 digits.
- The ATS provides ECN broker support.
- You can use the software on a micro, mini, or standard account.
- A minimal deposit of $100 is recommended for this FX EA.
- It works on the EURUSD, EURGBP, EURCHF, GBPUSD, USDCHF, and USDCAD pairs.
- The M15 timeframe is recommended by the vendor.
- This FX robot works best on an ECN or standard account.
Happy Market Hours backtesting results
Backtesting results are present on the official site for various currency pairs that this EA works on. Here is a screenshot of backtesting done for the EURUSD pair from 2005 to 2017 on the M15 timeframe.
From the above info, we can see that a net profit of 28511188 was generated from an initial deposit of 1000. A total of 1775 trades were executed with profitability of 77.75% and a profit factor of 1.61. The maximum drawdown was 11.32%. From the results, it is clear that the profits are high and the drawdown is low indicating good performance and low risk.
Happy Market Hours live trading results
The vendor provides a real live USD account verified by the myfxbook site. Here is a screenshot of the account using the leverage of 1:200 on the MT4 platform.
From the above info, we can see the account has made a profit of 11.44% since it started trading in May 2021. A daily profit of 0.04% and a monthly profit of 1.12% are present for the account. The drawdown is 14.55%. From the stats, it is clear that although the profits are low, the risk is not high. The growth curve shows the account has undergone consecutive upward and downward spirals since it started. But the upward curve in March indicates the system is rallying and is set to make more profits. Furthermore, comparing the backtesting results with real trading info, we find the drawdown is low in both confirming the approach is of low-risk category.
Happy Market Hours reputation
The Happy Forex company has created this FX robot. Since 2016, the company has achieved giant strides in its services. The various EAs and other tools it offers stand proof of the growth of the company. Other products of the firm include Happy Neuron, Happy Gold, Happy Frequency, and much more.
Unfortunately, we could not find user reviews for this FX robot on reputed third-party sites like Forexpeacearmy, Trustpilot, etc.
Happy Market Hours review summary
- Strategy –6/10
- Functionality & Features – 7/10
- Trading Results –6/10
- Reliability –7/10
- Pricing –7/10
Happy Market Hours has backtesting results and live verified performance proof indicating its efficient performance. Our evaluation reveals that although the profits are low, the risk is not high. For traders who do not favor high-risk approaches, this robot is a good choice. Further, there are other benefits like the affordable price and money-back guarantee that you need to consider.
