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Happy Power Review

May 10, 2021 by Forex Winner Leave a Comment

Happy Power

Automated Forex trading systems help reduce the stress and emotional exhaustion you get from doing manual trading. With the Forex robots, you can trade 24/7 and take advantage of the market opportunities as and when they arise. The benefits of such products are numerous. Hence, you can find many expert advisors available now. So, it is not surprising that there are several such systems available in the market. 

Happy Power from the Happy Forex is one of the several expert advisors promoted by the group. We have reviewed the expert advisor here to help you know all the pertinent info related to the system. The MT4/MT5 compatible platform focuses on the EURCHF pair. It identifies ideal entry points with the aid of innovative technology. 

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Detailed Forex Robot Review

Happy Power Characteristics

Happy Forex group promotes its expert advisors as a pack of 10 EAs. But there are exceptions like Happy Power, Happy Breakout, and Happy Neuron that the system sells separately. The website design is similar for all the products with the vendor providing very little info related to the developer or team behind the systems. We could not find the location address, founding year, and other related info for these systems. This applies to the Happy Power expert advisor too. 

Features of the MT4 tool include ECN brokers’ support, a fully automated system, easy installation, broker compatibility, and autodetection of up to 4- or 5-digit quotes. The timeframe used is M30 and you need a minimum deposit of $1000. 

Market analysis for the right entries and exits is calculated with the help of artificial intelligence. As per the vendor info, this FX robot uses reinforcement machine learning which is superior to supervised learning as there is no need for labeled output or input pair. Furthermore, the ATS does not need to correct the sub-optimal actions.

Happy Power Strategy Tests

While there is some mention of the strategy used in the other products from Happy Forex, we could not find any info for this MT4 tool. Since the trading approach is a vital part of a Forex robot, this neglect on the part of the vendor raises a red flag. However, backtests are provided on the site. Here is a screenshot of a strategy tester report:

Happy Power Strategy Tests

From the report, we find that a modeling quality of 99.9% was used. This quality ensures that the spreads, slippage, and other stats are shown in the report. For a deposit of $1000, the system has generated a total net profit of 4965. The profit factor was 3.51 and the maximal drawdown was 39.17%. The high drawdown indicates that the system used a high-risk strategy despite the 0.01 lot size.

Real Live Account Trading Results

A live real USD account verified by the myfxbook site is provided by the vendor. The trading is done using the Fort Financial Services broker and the leverage of 1:500 reveals the following stats:

Happy Power Real Live Account Trading Results
Happy Power Real Live Account Trading Results

From the trading stats in the screenshot above, we could see the total gain is 76.62% and the absolute profit is 86.44%. The daily and monthly profits are 0.84% and 28.66%. A 54.43% drawdown is present which indicates the strategy used has a high level of risk. For the trading duration starting from February 25, 2021, up to May 03, 2021, the number of trades executed is 1144. A profit factor of 2.85 is present.

Pricing

Happy Power Pricing

For €325, you can purchase the Happy Power separately. A bonus pack of 10 EAs is included with the purchase. With the EA purchase, you can get a single license for using real and demo accounts of unlimited numbers and free upgrades and updates. The vendor offers a money-back guarantee of 30 days.

Customer Reviews

We could not find user reviews for this MT4 tool on sites such as Forexpeacearmy, Trustpilot, etc. Reviews from such sites are unbiased and provide a candid perspective of the system. We can gain info on performance, support, and other related aspects. The lack of reviews raises a red flag as it shows the FX robot is not popular among traders.

Review Summary

Summing up our review of the Happy Power expert advisor, our analysis reveals that the ATS has several shortcomings. Although the vendor provides backtests and live trading results, the drawdown is very high.

The high value indicates the absence of proper risk management techniques. Further, the lack of vendor transparency, expensive price, and absence of unbiased user reviews indicate that this robot is similar to the other EAs from Happy Forex.

Moreover, the strategy which is vital for deciding on a MT4 tool is not disclosed by the vendor. With so many downsides we do not trust this FX robot.

Advantages
Fully automated system
Verified trading results
Disadvantages
The strategy used by the system is not disclosed
High drawdown is present
Lack of vendor transparency
Sample size is small
4.1

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