Happy Trend is a Forex robot that is compatible with the Metatrader 4 platform. As per vendor claims, it is suitable for trading in a volatile market and can be used by both novice and experienced traders. It is sold by the Happy Forex team, as a part of their EAs Happy Forex Full Pack.
You have two options when it comes to purchasing this robot. For 2 licenses, you can pay 299 Euros, while 5 licenses would cost you 499 Euros. Along with Happy Trend, you also get nine other expert advisors in this package. The vendor offers a 30-day money-back guarantee for this product.
Happy Trend Trading Strategy
This EA has a News Filter that allows it to analyze Forex-related news. For a single pair, it opens only one trade and tries to figure out the nature of the trend. With trade, it uses dynamic stop loss and take profit. According to the vendor, it does not use risky strategies like grid, martingale, and hedging.
We don’t have any explanation for the trading strategy for this robot, so we can only guess how it analyzes a trend and decides on the trading positions. Seasoned Forex traders always look for this kind of information because it tells them a thing or two about the robot’s profitability. Thus, many of them might be disappointed by the lack of strategy insight.
Happy Trend Features
You can run this robot on different operating systems like Linux, Mac OS, and Windows 7, 8, and 10. There are three different account types for this EA, namely Standard, Micro, and Mini. The last two are suitable for novice traders who don’t want to risk too much money for trade. To get started, you need a minimum deposit of $100.
Happy Trend supports ECN brokers and is able to perform auto-quotes detection for 4 or 5 digits. You can request support for installation or consult the user guide if you face any problems. The license is for the first month, after which you get it for free by email. So you only need to pay for it once.
Happy Trend Backtesting Results
Here we have the results for a backtest conducted between January 2020 and December 2020. Now, the testing period is too short for a backest. Seasoned traders usually look for EAs that have been tested for several years before being launched into the market. A total of 181 trades were placed by the robot during this period, out of which 150 were won.
The resulting profit was $241.09, which is not that much. We can see that the maximal drawdown is pretty high at 83.85%, and this tells us that the EA follows a risky approach. There were 39 maximum consecutive wins and 3 maximum consecutive losses during this backtest.
Happy Trend Live Trading Results
This is a live trading account for Happy Trend on the FXStat website. As we can see, this account is currently running at a loss of $77.35. During the months of May, June, and July, the EA couldn’t manage to make any profits. It has only been trading live since March, so the trading history is rather short.
To date, Happy Trend has placed 140 trades through this account with a win rate of 74.29%, which is slightly lower compared to the backtest. But evidently, the losses have been quite high, as we can see from the trading history.
This tells us that the Forex EA follows a high-risk approach that can result in huge losses. Currently the daily and monthly gains for this account are -0.07% and -1.60%, respectively.
Happy Trend Reputation
The Happy Forex team which built this robot is based in Germany, but we don’t know much about its history and background. On the official website, the vendor has not shared any physical address for this company. Also, they have not revealed the identities of the developers and traders working for this company. Other EAs launched by Happy Forex include Happy Power, Happy Neuron, and Happy Breakout.
There are no customer reviews for this Forex EA on third-party websites. Thus, not many traders are confident about investing in a system with such a short trading history.
Happy Trend Review Summary
- Strategy – 2/10
- Functionality & Features – 4/10
- Trading Results – 3/10
- Reliability – 2/10
- Pricing – 3/10
Conclusion
Happy Trend is not a system you can trust to earn your profits. The live trading results speak for themselves, and since the robot has made losses during the last few months, it seems risky to invest in it.
