Happy Breakout uses a breakdown strategy that considers the most crucial support and resistance levels and stops unprofitable trades before they turn into a considerable loss. The robot works on MetaTrader4 and MetaTrader5 platforms and trades on the H1 charts on EURUSD and GBPUSD. Kindly keep on reading to find out in detail how this robot works.
Detailed forex robot review
The robot is not listed on third-party websites, unfortunately. So, all pertinent information about the robot can be found on the EA’s website, where the developers provide their offered benefits and information about the robot’s performance.
Unfortunately, no information indicating any contact information about the developers can be found on the website like their company email, address, phone number, etc. They only give a link to their Facebook page. The only information that could be found was that Happy Breakout is owned by the parent company, Happy Forex, which offers services like economic calendars, promotions on VT, blueberry markets, & InstaForex.
Happy Forex provides multiple algorithms in the market. The company provides a money-back guarantee for its products and has affordable options for each trader. It is possible to contact the company through their Facebook and contact form present on the website.
The robot has the following features:
- It supports ECN brokers well.
- No grid, martingale strategies.
- It’s 100% fully automated.
- The EA uses 99% tick model quality for optimization.
How does it work?
The robot works by following the steps mentioned below:
- Purchase the bot from the Happy Breakout website
- Download the EA folder onto your PC
- Open MT4/MT5 on your PC
- Drag the EA files onto your charts and start trading
It will analyze the market based on the code and send buy/sell orders.
Happy Breakout strategy tests
The developer states that the robot does not use grid or martingale strategies and uses a fixed stop loss for each trade. It trades on EURUSD and GBPUSD on the H1 or M30 time frame. From the history presented on FXStat, we can observe that the algorithm uses a scalping approach and stop orders to trade. Once the trade enters a profit it can start trailing it immediately.
Backtesting records are posted on the EA’s website for analysis from 2012 to 2015 for the currency pair EURUSD. The records show how the bot converted an initial 1000 USD to 553.362,29 USD with a maximum drawdown of 14.49 %, which is not very impressive.
Real trading results
Live trading results for Happy Breakout are available on Fxstat from November 14. The first thing that raises every trader’s concern is the decreasing growth of the bot, which is currently standing at 74.67%. The stats show that the robot had a maximal drawdown of 17.93%, which is satisfactory.
For 2021 the EA had a total of 523trades, out of which the robot won 379. The worst trade was 587.50 USD for this month and the best trade of 138.72 USD. There were 15 consecutive wins with 1338.72 USD in profits.
Happy Breakout is sold with a lifetime membership, free support, and updates. The product is sold in two tiers: €299 for 2 licenses & 2 real accounts or €499 for 5 licenses & 5 real accounts. The payments are accepted through PayPal. Product is delivered through the mail after purchase, and 24/7 customer support is provided through email, live chat on the website, TeamViewer and AnyDesk. They offer a 30-day money-back guarantee.
The robot has a rating of 3.542 for a total of 5 reviews on the Forex Peace Army. One trader says that the company holds true to its money-back guarantee. The customer support is satisfactory.
Happy Breakout robot shows us satisfactory results on FXStats. The company provides free algorithms with the purchase and provides a money-back guarantee.