Happy Frequency uses a combination of strategies to ensure high profits and minimize losses. The expert advisor is designed to work on multiple currency pairs. As a fully automated MT4 tool, it functions 24/7 to identify and execute accurate entries and exits.
Is it a viable Forex robot to invest in?
This FX EA is part of the Happy Forex group which is reputed for its wide range of FX robots and other FX tools. Since 2016 the company has been providing FX tools that ensure successful returns with very minimal risk. Other products of the firm are Happy Way, Happy Neuron, Happy Martigrid, and more.
From our evaluation of the FX robot, we find the website provides all the required info on the home page. You can easily find info on the strategy, requirements, features, results, etc. on the official site. For the strategy, the system uses the trend, grid, hedge, and semi-martingale methods either individually or in combination based on the risk settings. It also uses a news filter to safeguard the strategy. From the info provided here are the main aspects of the EA that make it competitive, as per the vendor:
- The FX robot works on the USDCAD, EURGBP, EURUSD, EURCHF, EURJPY, AUDUSD, USDJPY, USDCHF, and GBPUSD pairs.
- It uses low, medium, high, and combination risk settings.
- The ATS is 100% automated and installation is a breeze.
- It can detect quotes of 4 to 5 digits automatically.
- All ECN brokers are supported by the FX EA.
How to start trading with Happy Frequency
To use the ATS, you need to first purchase the software. The vendor provides two main packages namely a full pack of 10 EAs with 2 licenses that costs €299 or €499 (5 licenses). A complete user manual, free updates, free upgrades, and an unlimited number of demo accounts are included in the package.
A 30% discount on the purchase price and a bonus Happy Indicators Pro is provided with the package. The vendor offers a 30-day money-back guarantee, which shows the reliability of the product. When compared to the price of similar FX robots in the market, we find the price is affordable.
Recommendations for the system include the use of the M5 timeframe on the MT4 terminal, a minimal deposit of $4000 or $40 micro (Cent), and the use of a mini, micro, standard, or ECN account.
Happy Frequency backtests
We could not find backtesting results for this FX EA. While the backtests are sought for the info they provide on the approach and its efficacy, the results cannot predict the future performance of the system. Moreover, they are based on historical data.
Trading results
The vendor provides a real live USD account verified by the myfxbook site. Here are screenshots of the account using the Orbex broker and the leverage of 1:500 on the MT4 terminal.
From the above images, we can see that a total profit of 103% is generated by the EA for an initial deposit of $4000. The account shows a daily profit of 0.11% and a monthly profit of 3.38%. A drawdown of 41.03% is present. From the growth curve, we can see that account growth is steadily increasing. Although the drawdown is high indicating a risky approach, the growth curve shows quick recovery and consistent upward incline. A total of 5.753 trades have been executed with a profitability of 81% and a profit factor value of 1.86. From the trading history, we can see a lot size of 0.01 is used which indicates a low-risk approach.
Customer support
For support, the vendor offers an email address, a live chat feature, AnyDesk, and TeamViewer. An FAQ section is also present to help answer the queries of customers. The support team works 24/7 which helps you to resolve issues efficiently.
People feedback
Unfortunately, we could not find user reviews for this FX EA on trusted sites like Forexpeacearmy, Trustpilot, etc. But we found 20 reviews for the Happy Forex company on the Trustpilot site with a rating of 4.6/5. From the user feedback for the company’s products, we find that users are satisfied with the support and performance of the robots.
Wrapping up
Advantages
- A fully automated software
- Verified trading results
- Refund offer
Disadvantages
- No backtesting results present
- Minimal info present on the strategy used
Happy Frequency claims to boost profits by combining various strategies. Our evaluation of the FX robot reveals verified live real trading info that shows positive growth and consistent performance. Other advantages of the EA include the affordable pricing, refund offer, and positive reviews.
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