Happy Market Hours offers to monitor the Forex market from Monday to Friday to find trading opportunities for you. It will then open and close trades automatically based on the strategies the devs have embedded in it. The EA is suitable for all traders and is able to trade on any large account so long as it supports the MT4 application.
Is Happy Market Hours still good to go?
The characteristics of the EA can be found below:
- It best works on these currency pairs; EURUSD, GBPUSD, EURGBP, USDCAD, USDCHF, and EURCHF on the M15 chart.
- It’s compatible with mini and micro accounts but works best on a standard or ECN account.
- No martingale, hedging, or grid strategies are utilized in trading.
- It supports ECN brokers.
- It is fully automated and needs a minimum deposit of $100 to commence trading.
- The operating systems you can work with are Linux, Mac OS, and Windows 7,8,10,11.
- It trades on both the MT4/5 terminals.
Happy Forex is the vendor selling this product. The company was established some time in 2016. Since then, it has introduced more than ten EAs to the market, which have attracted the interest of both new and experienced traders. However, the devs who programmed the system are still unknown.
How to start trading with Happy Market Hours
To get started, you first need to buy the EA on its official site. You will receive a lifetime license and files, which are to be downloaded on your device. Attach the files on the MT4 or MT5 chart and activate the bot. Trend and scalping approaches will then be used to look for and initiate trades.
Multiple technical indicators are incorporated in the trading program, and they are said to work best on the currency pairs we mentioned in the previous section. A spread filter is also featured to ensure that Happy Market Hours stops from engaging in any trade once the broker spread goes beyond the setting spread. Market sentiment is used to determine the levels of stop loss and take profit to set.
You can purchase this robot at €299 and get two licenses or at €499 and receive 5 licenses. Nine other expert advisors are provided, in addition to a manual guide, lifetime updates and upgrades, a 30-day refund, unlimited demo accounts, 2/5 real accounts, and unrestricted use.
Happy Market Hours backtests
We have the backtest results for the EURUSD pair that was conducted between 2005 and 2017 on the M15 chart. In the beginning, the initial deposit was $1000, and it increased exponentially to $28511188.59 by the end of the trading period. A low drawdown of 11.32% was made, a sign that the strategy being applied was safe. The implemented trades were 1775, and they had a profitability rate of 80.19% and a loss rate of 22.25%. The profit factor was 1.61.
The above real account was launched in May 2021 and deposited at $5000. After trading for 10+ months, the system made a profit of $540.95 for the account, increasing its balance to $5540.95. The resulting total gain is now 10.82%. There’s a small drawdown of 14.55%, which means that the EA trades with low risks to the balance.
A total of 427 orders have been carried out. Generally, the trades are likely to bring in more profits than losses, as demonstrated by an average win of 3.36 pips against an average loss of -2.90 pips. A position can remain open for approximately 56 minutes. The profit factor is 1.12.
All currency pairs made significant profits except for the USDCAD symbol.
The devs are offering an affiliate program to users. As such, the program gives you a chance to earn a 30% commission for each copy sold to your referral.
We found a bunch of reviews that touch on the products the Happy Forex team has produced. Interestingly, all the comments are positive. That being the case, we are told that the expert advisors the company offers are affordable, work great and make profits. The support team is also commended for always being active.
- Positive reviews from clients
- Live trading stats are presented
- Low drawdown
- Additional free EAs included
- The identities of developers are hidden
Based on the current trading stats, it is obvious that the EA can generate income for you at low risk. The positive feedback the devs have received proves that they are reliable, so you don’t need to worry about being scammed through their product. Moreover, you receive extra EAs, which can increase the income you receive in Forex.