Happy Algorithm PRO is a Forex expert advisor launched by the Happy Forex team. As per the vendor’s claims, both novice and experienced traders can use it comfortably. We don’t exactly know when the robot was first launched, but the oldest verified trading account dates back to 2020.
This robot is sold as a part of the Happy Forex Full Pack which contains a total of 10 EAs. For two real licenses, you need to pay 299 Euros, while 5 licenses cost 499 Euros. Each customer gets a user guide in English and access to an unlimited number of demo accounts. The vendor offers free updates and a 30-days money-back guarantee.
Is Happy Algorithm PRO good?
This robot has a verified track record of winning steady profits in the live market. Compared to other EAs, it is quite affordable and the vendor also has a refund policy in place. Furthermore, you get to use nine other EAs when you buy it.
Features of Happy Algorithm PRO
The EA is compatible with operating systems like Linux, Mac OS, and Windows. You can run it on the Metatrader 4 platform and it supports different types of accounts like Standard, Mini, and Micro. For a Micro account (0.01 lot), you should deposit at least $1000. The minimum deposit for a Mini account (0.1 lot), is $10, while that for a Standard account (1 lot) is $100.
Happy Algorithm PRO is capable of operating 24/7. It has a simple setup process and you can run it on ECN brokers. The robot can auto-detect 4 or 5 digit price quotes. You can run it without manual inputs since it is fully automated.
|Money Refund||30 days|
|Recommended Deposit||$1000 (Micro), $10 (Mini), $100 (Standard)|
What strategy does Happy Algorithm PRO use?
This EA measures correlative deflections. It can also measure the performance of the setting and perform statistical analysis to get optimal hide stop loss and take profit. After measuring the valid price deflections for the correlative pairs, it displays the difference as a line. When the close reaches the limit, the robot trades it and closes it after the return to the mean value.
Backtesting vs live trading results
Unfortunately, there are no backtesting results for this expert advisor. However, we have an old trading account on Myfxbook that was active from December 2020 to June 17, 2021. During this time, the EA conducted 432 trades, winning 56% of them and generating a profit of $96.47. The daily and monthly gains were quite satisfactory at 0.02% and 1.57% respectively, while the drawdown of 12.78% was acceptable.
Here we have a live trading account that has been active since June 18, 2021. To date, the EA has conducted 671 trades through this account, winning 57% of them and generating a total profit of $254.54. The win rate is quite decent and so are the daily and monthly gains at 0.11% and 3.48%, respectively. We can see that the drawdown is a bit high at 66.49%, and this indicates a risky trading strategy.
From the live trading results, we can see that the EA generates profits at a steady rate. It occasionally suffers losses but manages to recover them in the following trades. For the last few trades, it has used a lot size of 0.01. The average win and loss for the account are 29.64 pips/$3.07 and -30.19 pips/-$3.16, respectively.
The core team
The Happy Forex team is based in Germany and they have been manufacturing Forex EAs for over five years. Some of their most well-known robots include Happy Power, Happy Galaxy, Happy Trend, Happy Way, and Happy News.