Happy Gold is a Forex expert advisor that promises high profits and superior stability. It works on both Metatrader 4 and Metatrader 5 platforms. It is supported by historical tests conducted over a 7-year period.
Detailed Forex robot review
On the official website, the vendor gives us a short introduction to the system, followed by a list of the latest updates. We have a video showing how the EA works in backtests, followed by a list of features. There are links to multiple live trading accounts and backtesting results published on third-party websites. Also, we have details of the pricing package and the special offer for this robot.
This is a product from the Happy Forex team that’s based in Germany. We don’t have much information available on the traders and developers working for this organization, and the vendor has not provided an official address. Thus, we can say there is a lack of vendor transparency for Happy Gold.
You can run Happy Gold on different operating systems like Windows 7, 8, 10, Linux, and Mac OS. The vendor recommends using an ECN account for this robot, and an initial deposit of $100. This EA does not use martingale, hedging, or grid strategies, and can perform auto-quote detection of 4 or 5 digits.
By purchasing the robot, you get access to a user guide in English as well as licenses for both real and demo accounts. You only pay for the license for one month, after which the company provides you with a lifetime license for free.
At a time, Happy Gold keeps only one trade open. Based on market conditions, it uses dynamic profit levels and hard stop losses. The vendor recommends a maximum of 20 pips spread and low slippage.
Happy Gold strategy tests
This EA uses a combination of scalp, swing, and grid news indicator strategies. It uses a modified version of the ZigZag indicator for identifying trading positions. According to the vendor, this strategy is most suitable for H1, H4, M15, and M30 charts.
For this backtest, we can see the robot making a profit of $43,919,777.85 using a deposit of $100. Between 2010 and 2017, Happy Gold placed 1676 tests, winning 93% of them. Its daily and monthly profits were 0.49% and 15.88%, respectively, while the drawdown was 22.88%. The average win and loss for this backtest were 78.15 pips/$36263.35 and -240.00 pips/-$107818.69, respectively.
Demo account trading results
Here we have a demo trading account for Happy Gold on Myfxbook that was launched on March 04, 2019. To date Happy Gold has placed a total of 794 trades through this account, winning 65% of them, and generating a total profit of $11087.56. The win rate is significantly less compared to the backtesting result.
Currently, the daily and monthly profits are 0.28% and 8.66%, respectively. The drawdown is pretty high at 28.81%, and this means the robot uses a risky strategy for trading in gold. At this moment, the account has a profit factor of 1.56.
Here we can see the recent trades placed by Happy Gold. There have been several consecutive losses suffered recently, which confirms our suspicion that the robot trades with high risk. Trading with such a system can lead to high losses, so we cannot consider it reliable.
There are two pricing plans for Happy Gold, offering 2 and 5 live account licenses, and these are priced at 299 Euros and 499 Euros, respectively. The plans are quite expensive for an EA that only trades in gold. When you purchase this EA, you get the Happy Forex Full Pack containing 10 EAs for free. According to the vendor, they are currently offering the product at a discount of 30%. There is a 30-day money-back guarantee for this robot.
We were unable to find any user reviews for Happy Gold on third-party websites like Trustpilot, Forexpeacearmy, FXBlue, and FXStat. Thus, it is clear that the robot does not have much of a reputation as of now.
Happy Gold is a robot that has lost several trades back to back in recent times. We have very little information on the parent company, and the pricing packages are quite expensive. Therefore, we think you should consider looking for other options.
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