Happy Market Hours is a Forex expert advisor that is compatible with multiple currency pairs. You can run it on different operating systems. As per the vendor’s claims, the robot is designed for beginners and pro traders alike. In this review, we are going to analyze the various aspects of this system.
Detailed Forex robot review
The parent company behind this EA is known as Happy Forex. Based in Germany, this company has been manufacturing EAs for more than five years. Some of their other products include Happy Power, Happy Breakout, Happy News, Happy Neuron, Happy Galaxy, etc.
This is a fully-automated system that is compatible with operating systems like Windows 7, 8, 10, Linux, and Mac OS. It runs on the Metatrader 4 platform and you can use different types of accounts like Standard, Mini, and Micro. To get started with the EA, you need to make a minimum deposit of $100.
Happy Market Hours is easy to install and supports ECN brokers. It doesn’t support risky strategies like grid, hedging, and martingale. The robot can perform automatic detection of 4 or 5 digit quotes and you can use it to trade in pairs like EUR/USD, EUR/CHF, EUR/GBP, USD/CAD, and GBP/USD. It is recommended that you load the EA on M15 charts.
The EA follows a combination of scalping and trend strategies, using technical indicators to spot profitable trades. It delivers the best performance on an ECN or a standard account. Also, you should sign up with a broker that supports scalping.
Happy Market Hours has a spread filter that stops the system from processing orders in case the broker’s spread is above the limit specified in the setting. Depending on the market sentiment, it uses dynamic stop loss and take profit levels. According to the developer, the robot can trade on large accounts on MT4.
This EA is supported by verified trading statistics and backtests conducted over 12 years. The parent company, Happy Forex, has ample experience in manufacturing Forex trading systems. Also, the vendor offers the protection of a money-back guarantee. Thus, we think this EA can be trusted.
Happy Market Hours strategy tests
This backtest was conducted from 2005 to 2017 using an every tick model. The robot used an initial deposit of $1000 to conduct a total of 1775 trades, winning 77.75% of them and generating a total profit of $28511188.59. Compared to the live results, the win rate is much higher. However, the relative drawdown is also higher at 39.04%.
Live account trading results
This trading account on Myfxbook has been active since May 27, 2021. To date, the EA has conducted 376 trades through this account, winning 61% of them and generating a total profit of $270.68. While the daily and monthly gains are 0.02% and 0.57% respectively, the time-weighted return is 5.41%. The drawdown of 14.55% is within the acceptable limit, which means the robot does not trade with a high level of risk.
It is evident from the live trading results that the EA is capable of making steady profits. It holds each trade for an average of 57 minutes and the lot size lies between 0.78 and 0.81. The average win and loss are 3.34 pips/$19.26 and -2.84 pips/-$28.17, respectively.
The price of this EA depends on the number of licenses you wish to use. For two licenses, you need to pay 299 Euros, while five licenses cost 499 Euros. The vendor offers the robot at a 30% discount and both plans come with the Happy Forex Full Pack containing 10 EAs.
There is a 30-day money-back guarantee for both plans. You only need to pay the license fee for the first month, after which it is renewed automatically for lifetime.
If you are in need of support, you can leave a message to the service team using the contact form. Happy Forex has a Facebook page where you can find the official email address.
We were unable to find any user reviews for this expert advisor on third-party websites like Myfxbook, Quora, Forex Peace Army, and Trustpilot.
Happy Market Hours is a reasonably priced EA that comes with a money-back guarantee. It has shown stellar performance for the historical test as well as the forward test. Apart from having a high win rate, it is also able to maintain a low drawdown, which makes it a safe trading system.