Happy Galaxy works on both MT 4 and 5 platforms and requires a minimum of $1000 in deposits. The algorithm trades multiple currencies and has a built-in new method for determining the direction of the trend. The fully automated system comes with both backtesting and live results that we will analyze in our review to see if it is perfect.
Is Happy Galaxy still profitable?
Happy Galaxy trading robot is not profitable in the long run due to the implementation of the averaging strategy. This can cause an increasing drawdown on the account, which is also evident from the live records.
Vendor transparency
Happy Forex is the company behind the development of the algorithm. They refuse to share details about the experience of the developers. We are left stranded while trying to find good information on the names of the people and their portfolios.
Strategy
The developer claims that the robot works on EURUSD, GBPUSD, USDCHF, EURGBP, and EURCHF at the H1 timeframe. It requires a minimum of $1000 in money, which is quite high to say. The robot works on any broker and trades in the direction of the trend with averaging. There is a news filter to avoid volatile market conditions.
From the trading history at Myfxbook, we can see the implementation of the grid approach. The average trade duration of 4 days means that it has a swing methodology.
How to start trading with Happy Galaxy
To start trading, traders have to follow the following steps:
- Purchase the system from the developer
- Attach the robot to the charts
- Enable live trading
Price
The robot is available for an asking price of $€299, and there is a 30-day money-back guarantee. Initially, the developer provides the license for the first month and then sends the lifetime key afterward.
Happy Galaxy backtests
Backtesting results are available for EURGBP where the relative drawdown was around 57.53%. The winning rate was 69.05%, with a profit factor of about 3.10. With a starting balance of $1000, the robot tanked an average profit of $6476.74. There were 953 trades in total, with 1906 deals. The best trade was $570.34, while the worst one was -$54.53.
Trading results
Let us analyze the live trading records on Myfxbook that show performance from July 27, 2021, till the current date. The system made an average monthly gain of around 14.29%, with a drawdown of 38.81%. The winning rate stood at 81%, with a profit factor of 2.03. The best trade was $19.80, while the worst was -$45.21 in a total of 474 trades performed.
The system currently shows a fall in the equity curve which is contributing to the drawdown. This is due to the implementation of the averaging strategy. This type of game plan only works when the market is ranging. The risk-reward value is 2:1 here, which is quite poor to see.
People feedback
Only a few customer reviews are available on Forex Peace Army, which is quite old. It seems as if no one has tested the Happy galaxy system. For the other algorithms from the company, a trader says that he was using one of the algorithms that resulted in a margin call. The tracking was also stopped on the FPA website.
Summary
Advantages
- It comes with live account results
- Backtest report provided
Disadvantages
- There is a high drawdown
- Uses grid strategy
- No information on the developer
Happy Galaxy trading system is not a good choice for traders due to the implementation of the averaging strategies. It can add significant risk to an investor’s account and may result in a margin call if not used properly.
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