Happy Frequency uses a combination of approaches to achieve high returns and minimum losses. A news filter is used to protect the strategy. This automated system is easy to set up and use. As per the vendor, this MT4 tool can work on 9 major currency pairs and uses the M5 timeframe. A few verified real trading results are provided for this FX robot on the official site.
Detailed Forex robot review
The website has a simple and neat design with the vendor providing info on the features, requirements, and other aspects. Since all the details are present on the home page, navigation is easy.
Happy Forex group develops and promotes this FX EA. The company has several other products like Happy News, Happy Gold, Happy Trend, and more. We could not find details on the founding year, the location, phone number, team member info, etc.
Important features of the expert advisor that the vendor claims give it an edge over its competitors are:
- It is 100% automated and easy to use.
- The MT4 tool supports ECN brokers.
- It works on the USDCAD, AUDUSD, EURUSD, EURJPY, EURGBP, GBPUSD, USDCHF, and EURCHF pairs.
- It uses the M5 timeframe.
- It can automatically detect quotes of 4 or 5 digits.
- The ATS can work on mini, micro, ECN, and Standard accounts.
- A minimum deposit of $4000 is required or $40 for a micro cent account.
Happy Frequency strategy tests
A combination of grid, trend, semi-martingale and hedge methods are used by this ATS. The vendor states that the combination is based on the risk level you choose. There are low, middle, high, and combination risk levels to choose from. A news filter helps to protect the trades from unexpected news events.
For the EA to work effectively, you need to run 24/7, so the vendor suggests using a VPS. There are no backtesting results for this FX EA. Backtesting helps to know about the efficacy of the approach used by the FX robot. However, the results are not predictive of the future performance of the system.
Real live account trading results
The vendor provides real live trading results verified by the myfxbook site. Here is a real USD account that started in July 2020 using the leverage of 1:500 on the MT4 terminal.
From the above info, we can see the system has generated a total profit of 95.23%. An absolute return of a similar value is present. The daily and monthly profits are 0.11% and 3.41% respectively. From the growth curve, we can see the profits have been increasing at a steady pace. The drawdown is 41.03%. While the drawdown is high, the profits are high indicating good performance.
For a deposit of $4000, a total of 5,287 trades have been completed with 81% profitability and a profit factor of 1.86. A lot size of 0.01 is used. From the small lot size and high profitability, it is clear that the approach and performance are effective.
You can buy this FX EA for € 299 (2 licenses) or € 499 (5 licenses). The pricing includes a full package of 10 EAs of the company that includes the Happy Frequency EA. A discount of 30% is also present with the package along with a free indicator. Other features you get with the package are a complete user manual, free updates, upgrades, and a 30-day money-back guarantee. When compared to similar products in the market, we find the pricing is affordable. Given the fact that you get 10 EAs for the price of one, the pricing is a good bargain.
We found 13 reviews on the Trustpilot site for this FX robot with a rating of 4.5/5. Here are a few of the testimonials from users:
From the above feedback, it is clear that the products of the company are performing well. Users are happy with the support, updates, and profits. One user commends the affordable price and the stable EAs.
Happy Frequency uses multiple strategies along with a news filter to ensure high profits and minimal losses. Our evaluation of the FX robot reveals real live verified results that show steady profits. Full automation, affordable pricing, and positive user reviews are other advantages we identified in our analysis. Other than the absence of vendor info, this FX EA has many perks that are apt for beginners as well as seasoned traders.