Happy Power is designed to work on the EURCHF pair. It uses artificial intelligence to analyze and identify accurate entries. As per the vendor, this is a self-adaptive system that has integrated reinforcement learning elements. This Metatrader tool is fully automated and easy to install.
Is it a viable trading tool to use now?
The Happy Forex company is the developer and promoter of this ATS. Other products of the company include Happy Neuron, Happy Galaxy, Happy Frequency, and many others.
For the strategy, the vendor explains that the system uses a unique artificial intelligence technique to analyze the market and find accurate entry points. The FX robot uses a self-adaptive process combined with reinforced learning components. According to the vendor, reinforcement learning does not need a labeled output or input pair and it does not require correction of sub-optimal settings.
From the info available on the official site, we find that this ATS is developed mainly for the EURCHF pair. It can autodetect quotes of 4 digits or 5 digits. The system supports ECN brokers and is compatible with all brokers.
How to start trading with Happy Power
To use this FX EA, you need to pay €325. The package includes an unlimited number of real and demo accounts. The vendor provides a full pack of 10 EAs with the package as a bonus offer. Other features you get with the package include free updates, free upgrades, and a 30-day money-back guarantee. When compared to the market average we find the price is not expensive as you get 11 EAs for the price along with a refund offer.
Important recommendations for the system include the use of MT4 and MT5 and a timeframe of M30. A minimal deposit of $1000 and a recommended deposit of $5000 are suggested by the vendor for the best results.
Happy Power backtests
There are a few backtesting reports present for the FX EA on the official site. Here is one of the backtests done on the EURCHF pair using the H1 timeframe from January 2020 to April 2021.
From the above stats, we can see an initial deposit of $1000 was used with the leverage of 1:500. A total net profit of $6,685 was generated for the account for a total of 9653 trades. Profitability of 76.86% and a profit factor of 2.39 were present. The maximum drawdown was 11.99%. From the low drawdown, we find the system used a low-risk approach. Further, the high profits indicate good performance.
The vendor provides a real USD account verified by the myfxbook site. The account using the leverage of 1:500 on the MT4 platform is shown here.
From the above stats, we can see a total profit of 41.84% for the account that started in November 2021. A daily profit of 0.34% and a monthly profit of 10.85% are present. From the growth curve, it is clear that the account has grown steadily initially with a couple of downward spirals in February and March. These losses would account for the high drawdown of 69.44%. But the recovery seen in the past couple of weeks shows that risk management and money management are effective. Further, the profits are also above average indicating an effective performance. From the trading history, we find the lot size used is small and consistent showing a low-risk approach.
Comparing real trading results with the backtests we find that the drawdown is low and profits high in the backtest which is not the case in real trading. In general, the backtests do not predict the future performance of the system. Further, despite the high drawdown and low profits, the consistent growth indicates a resilient system that can withstand high risks and emerge as an effective tool.
We found 13 reviews for the Happy Forex company on the Trustpilot site. A rating of 4.5/5 is present. Here are a few of the recent reviews.
From the reviews, it is clear that the EA has made profits and the user is satisfied. Another user commends the products stating that they are easy to use and ideal for beginners.
- A fully automated system
- Verified trading results
- Lack of vendor transparency
Happy Power uses artificial intelligence and self-adaptive methods to ensure profitable results. Our assessment of the FX robot reveals verified trading results that show effective money and risk management. The backtesting and real trading results of the ATS provide a proper insight into the system and its effectiveness. The good pricing, presence of a refund offer, and positive user reviews are other upsides that make the product a worthwhile buy.