Happy Way is a Forex robot that is compatible with multiple currency pairs. The vendor claims that the system is suitable for both new and experienced traders. It is compatible with the Metatrader 4 trading platform.
There are two pricing plans for this EA. The first plan gives you two licenses for 299 Euros while the second plan gives you access to 5 licenses for 499 Euros. When you purchase one of these plans, you get the Happy Forex Full Pack containing 10 EAs, free of charge. There is a 30-days money-back guarantee for this product.
Happy Way trading strategy
Happy Way is an EA that does not use any indicators. It uses reinsurance positions as a part of its grid strategy. However, unlike the martingale strategy, this one does not involve the increasing of trading lots. It has multiple options and settings for different pairs. The vendor claims the EA is suitable for both small and large accounts.
Now, the vendor has not clearly explained the trading strategy. There are different ways to use the grid strategy, so the vendor should have explained exactly how the robot seeks out profitable trades.
Happy Way features
Happy Way is a 100% automated system that trades in five distinct currency pairs, namely AUD/CHF, CAD/CHF, AUD/CAD, AUD/USD, and USD/CAD. It works on different operating systems like Linux, Mac OS, and Windows. You can use a mini, micro, or standard account for this robot. For a micro account, you need to use $1000 for 0.01 lots. The minimum deposit requirements for mini and standard accounts are $10 and 4100, respectively.
Happy Way is a system that conducts trades on a 24/7 basis. It supports ECN brokers and can perform auto-quotes detection of 4 or 5 digits. When you purchase the EA, the vendor provides you with a user guide. You also get access to future updates and upgrades.
Happy Way backtesting results
Oddly enough, the vendor has not shared the historical test results for Happy Way. Considering the fact that other EAs on the website are accompanied by backtesting data, it is possible that the vendor does not wish to reveal the test results. This comes as a disappointment since you can get an idea about a system’s long-term performance by studying the backtesting results.
Happy Way live trading results
Since June 21, 2021, the EA has placed a total of 71 trades through this platform. Due to its extremely short trading history, it becomes difficult for us to accurately analyze EA’s performance. Currently, the account has a win rate of 70%. To date, it has generated a total profit of $186.46.
While the daily and monthly gains are 0.04% and 1.50% respectively, the drawdown is 18.89%. Compared to other expert advisors, the average daily and monthly gains are quite low. The profit factor for this account is 2.00, and the average win and loss are 82.79 pips/$7.45 and -99.42 pips/-$8.85, respectively.
From the trading history, we can see that the EA has lost the last three trades it placed through this account. The average gain lies between $5-$24 for a lot size of 0.01.
Happy Way reputation
The parent company behind Happy Way is known as Happy Forex and it is based somewhere in Germany. We don’t have any background information on this company and the vendor has not shared the physical address of the headquarters. With the help of whois.domaintools, we found out that the IP address is located in Czech Republic.
It is not clear whether the members of the development team have adequate experience in developing Forex EAs. The dev has not shared any contact details, so the only way to get in touch with the support team is to send them a message through the website.
On the Forex Peace Army website, we came across a review for Happy Way. Here, the user has complained about their account blowing up. They have also claimed that the robot does not use stop loss and trades with high risk.
Happy Way review summary
- Strategy– 4/10
- Functionality & Features – 6/10
- Trading Results – 5/10
- Reliability – 6/10
- Pricing – 5/10
Happy Way is a Forex EA that fails to perform decently in the live market. The vendor does not have a stellar reputation and they haven’t shared the backtesting data for the robot. Also, there are users who have complained about the robot making their accounts blow up.
