Happy Power is a Forex expert advisor that is compatible with both MT4 and MT5 trading platforms. It is a fully-automated expert advisor that can run without any manual intervention. You can buy this EA at the cheap price of 325 Euros. Most EAs on the market are more expensive compared to this. This provides you with a single license for an unlimited number of real and demo accounts.
There is a special offer where you get the Happy Forex Full Pack containing 10 EAs, without paying anything extra. If you have already purchased the Full Pack EAs, you are eligible for a 30% discount. The vendor offers free updates and a 30-day money-back guarantee. You only need to pay the license fee for the first month. After that, it is automatically renewed for lifetime.
Happy Power trading strategy
This EA uses a special artificial intelligence technology to seek out optimum entry points in the market. It has a self-adaptive market algorithm along with reinforced learning elements. Unlike supervised learning, reinforcement machine learning does not require labeled input or output pairs. Also, you don’t need to perform sub-optimal actions for explicit correction.
Happy Power features
This expert advisor is compatible with ECN brokers. Thus, traders are able to enjoy better prices and cheaper trading conditions.
Happy Power can auto-detect 4 or 5 digit quotes. It is a 100% automated system that is easy to install and works with all brokers. You can run the EA on various operating systems like Linux, Mac OS, and Windows. It is a single-pair robot that only supports the EUR/CHF currency pair. According to the vendor, you should load the EA on M30 charts for best results.
The minimum required deposit is $1000, however, it is recommended that you invest at least $3000 for optimum profits. Although the minimum leverage has not been explicitly mentioned, we can see that the live trading account uses 1:500 leverage.
Happy Power backtesting results
For this backtest, the EA conducted a total of 9653 trades on the H1 timeframe between 2020 and 2021. It managed to win 76.86% of all trades, generating a total profit of $6685.26 using an initial deposit of $1000. During the testing period, the robot had an impressive profit factor of 2.39. The win rate was also much higher than other trading systems. The equity drawdown was 34.95%. There were 101 maximum consecutive wins and 61 maximum consecutive losses for this backtest.
Happy Power live trading results
Here we have a real-money trading account on Myfxbook that was launched on November 30, 2021. To date, the EA has placed 1937 trades through this account, which tells us that it has a high trading frequency. The win rate currently stands at 71%, which is slightly lower than what we saw in the backtest. While the time-weighted return is 43.79%, the profit factor is quite satisfactory at 1.60. Although the account has not been active for too long, the EA has managed to generate a substantial profit of $1,467.27.
The rapid fall that could be seen on the gain and balance charts is explained by the withdrawal of $6K on March 9, 2022.
Currently, the daily and monthly gains are 0.35% and 10.91%, respectively. The drawdown is high at 69.44%, indicating a risky trading strategy. Nevertheless, the steady growth exhibited by the account tells us that it is profitable in the long run. Moreover, its risk of ruin table shows us that the robot is a reliable trading tool as it requires 855 consecutive losing trades to lose 100% of the account balance.
For the last 20 trades, the EA has used a lot size of 0.01. It places multiple trades on a daily basis, holding each for an average of two days. The average win and loss for this account are 26.34 pips/$2.85 and -39.97 pips/-$4.32, respectively.
Happy Power reputation
The parent company, Happy Forex, is a Germany-based organization that is renowned for building Forex trading systems like Happy Galaxy, Happy Neuron, Happy Breakout, Happy Trend, Happy Way, etc.
There are no reviews for this EA, but Happy Forex has a rating of 4.5/5 based on 13 reviews on Trustpilot. Users have praised the high-profit EAs and the prompt customer service.
Happy Power review summary
- Strategy – 7/10
- Functionality & Features – 8/10
- Trading Results – 8/10
- Reliability – 7/10
- Pricing – 8/10
Happy Power has so far generated steady profits in the live market. It has a high win rate and the vendor offers it at a reasonable price. This EA comes with a money-back guarantee offer and you can combine it with ten other robots as well.
