Happy Galaxy is another Forex solution that offers hands free trading services. It is essentially a computer program that allows the analytical and trading processes on the MT4 platform to be automated. But is Happy Galaxy a profitable venture or just another EA that doesn’t deliver desirable results? We review the robot to find out.
Detailed forex robot review
Happy Galaxy is fully automated and easy to install. You can use it on multiple currency pairs including EURUSD, GBPUSD, EURGBP, USDCHF, and EURCHF symbols. The EA requires a minimum deposit of $1000 to begin trading, but the vendor tells us that it works best with a $2000 deposit. Furthermore, the system prefers to work on the H1 timeframe. You do not need to worry about the kind of broker to use because it is compatible with all of them.
Happy Forex is the brains behind Happy Galaxy. The company has several other EAs in its portfolio, including Happy Power, Happy Neuron, Happy Breakout, among others. But nothing is known about its developers and whether they have any trading experience. Their real intentions in this market are also a mystery. So, this calls for caution when dealing with their products.
Happy Galaxy strategy tests
The robot works with the trend and places small grids. However, it is not disclosed what type of trend it focuses on. Is it the uptrend, downtrend, or sideways trend? The lack of a detailed explanation of these approaches makes us suspect that the team is not well-versed with the inner workings of the EA.
The strategy tester report below helps us to gauge whether the trading strategies are effective or not.
Here we have the results of a backtest that started in January 2020 and ended in September 2021. It was conducted on the H1 timeframe and used a leverage of 1:500. Working under Raw Trading Ltd brokerage, the EA began trading with a capital of $1000 and made a profit of $3805.42 from 666 trades. The long trades recorded a win rate of 71.62%. No sell orders were placed. There was a massive relative drawdown of 84.30% that threatened to offset the gains made.
Live account trading results
This account has not been active for long, having been launched on July 27, 2021. At a glance, we can tell that the trading algorithm is dangerous because it has led to the decimation of 35.26% of the capital already. Worse still, the profit ($525) generated in almost 4 months of trading is piteous. When all account charges are deducted, the income will reduce. Definitely, you can earn better with manual trading.
The EA has an average trade length of 4 days, and to date, 467 trades have been completed. The win rates for long (80%) and short positions (81%) aren’t that bad. But they are not very impressive either. A profit factor of 2.01 means that for every $1 the system risks it receives $2 in return. So far, the pips made are 4399.2, with the average win and loss being 24.90 pips and -57.23 pips, respectively.
This robot implements orders based on grid and fixed lot sizes. It also focuses on both short and long timeframes.
The EURUSD currency pair was the only unprofitable instrument.
The current retail price of Happy Galaxy is 299 Euros. Unlike other products offered by Happy Forex that come as a full pack of 10 EAs, this system is sold separately. This package features a limitless number of real/demo accounts, free updates and upgrades, and a 30-day money-back guarantee.
This robot has zero customer reviews. It is new to the market. So, it might take a while before we see some reviews.
After our review, we conclude that Happy Galaxy is not a worthy venture. We believe that the goal of automated trading is to bring better results than manual trading. But from the looks of it, this EA earns small profits and can expose a user’s investment to many risks.
You may end up with many losses compared to wins, increasing your account’s risk of ruin.
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