While it is common knowledge that the Martingale strategy comes with high risk, it works better in Forex. For one, the value of currencies does not decline drastically and secondly, the method allows traders to compensate their losses with income from interest. But the chances of blowing up your account is more with the strategy.
The grid approach has several advantages but with aggressive trading, you can end up in huge losses. Consider a system that uses both these approaches. At the outset, the risk may seem too high, but with the right expert advisor, you can offset the risk and see appreciable gains.
The Happy MartiGrid from Happy Forex is a system that claims to provide big profits without putting your investment at risk. Is this possible? This review analyses the system and its claims. Our experts provide their valuable opinion of the system’s suitability.
Is This A Perfect Martingale/Grid Robot To Use?
Happy Forex has several expert advisors of which Happy MartiGrid is a notable system. The vendor claims that it can provide the best profits and stability with the unique design used. We noticed that the Happy Forex team does not disclose the info on the developers of the systems it promotes. There is no info on the location and phone number. Customer support is via an online contact form.
Based on the vendor info, the system uses the Martingale and Grid trading approaches along with news filters and technical indicators. Since the approaches carry high risk, they need more attention which is taken care of by the 99.9% optimization done in Metatrader. The vendor claims that this enables high profits for the system.
This Forex robot works on multiple currency pairs including GBPUSD, AUDUSD, and EURUSD. From the official site, we could see several updates being done for the system including the changes in settings, the addition of a second calendar, setting multi-pairs, and more. Easy installation, ECN broker compatibility, auto quotes detection up to 5 digits, and 100% automation are the main features of this system.
How To Start Trading With Happy Martigrid
Requirements for using this system include Metatrader 4 platform and operating systems such as Mac OS, Linux, and Windows (7,8,10). Three different accounts are available namely micro, mini, and standard accounts. The vendor recommends a minimal deposit of 3000 USD/cent for the system.
You cannot purchase the system separately as it is available only as part of 10 EAs of the Happy Forex system. The cost is € 299 for two licenses and € 499 for 5 licenses. When you buy the whole package, you get a user guide, real accounts and licenses, unlimited demo accounts, and free updates. A 30-day money-back guarantee is present which makes the system a reliable one.
Happy MartiGrid Backtests
The vendor provides backtests for the system. A screenshot of the backtesting done on GBPUSD pair with a one-hour timeframe over two years is shown below:
From the strategy tester report above we could see the modeling quality was 99.9% which is ideal for identifying the spreads, commissions, slippage, etc. For lot sizes of 0.01 and an initial deposit of $3000, the profit factor was 2.82 and the maximal drawdown was 16.91%. While backtesting reveals a profitable system, it cannot be used to predict the future performance of the system. But it serves to indicate the level of risks and profitability of the system.
Real account trading results verified by the myfxbook site are revealed on the site. Here is a screenshot of the results:
From the trading stats, we see the system has elicited a profit of 231.99% and an absolute gain of 148.34%. The problem with the Happy Forex systems is that there is a big discrepancy between the two values. This indicates that the strategy used is not a low-risk one. Other important details include the daily profit which is 0.04% and a monthly profit of1.27%. The drawdown is 17.45%.
For a total of 3364 trades, the average win came in at 26.21 pips and the average loss at 70.57 pips. The profit factor is 1.68 and trading history shows lot sizes ranging from 1 to 2. Comparing the backtesting results with the live account results find that the drawdown is similar but there is a big difference in the profit factor.
We could not find user reviews for this system on reputed third-party sites such as Trustpilot, Forexpeacearmy, etc. Without the reviews, we find it difficult to do a complete assessment of the system, its reliability, and the support offered.
- Verified trading results
- Fully automated system
- Lack of vendor transparency
- High-risk strategy
- Not available separately
Wrapping up our review of the Happy MartiGrid system, the verified trading results and low drawdown make it a system that you can profit from. However, the disparities in the profit percentage and high lot sizes indicate the level of risk used is high. The lack of vendor transparency and the absence of user reviews do not make the system look favorable. But the system shows promise and with some tweaks, it can be a system you can rely on provided you are comfortable with the high-risk involved.