Happy Breakout is one of the products of the Happy Forex company. As the name implies, this FX EA uses breakouts in the support and resistance levels for making profitable trades. This is a completely automated FX trading tool that does not use risky methods like arbitrage, hedging, grid, or Martingale.
To purchase this ATS you need to pay €550. As a bonus, the vendor offers the Happy Forex full package of 10 EAs. Other features included in the package are the ability to use MT4 and MT5 terminals, free updates and upgrades, and an unlimited number of real and demo accounts. The vendor guarantees a refund of the money in 30 days if you are not satisfied with the product.
Is Happy Breakout good?
As an expert advisor using the breakout approach, this FX robot has backtesting results and real trading stats verified by FXStat. Our initial evaluation of the results reveals a low drawdown and appreciable profits indicating an efficient system. Further, reasonable pricing and money-back assurance are other factors that indicate it is a dependable tool.
Features of Happy Breakout
As per the vendor, the main features of this FX EA that give it an edge in the market are:
- It supports ECN brokers.
- The EA can autodetect quotes of 4 or 5 digits.
- No risky approaches like the grid, hedging, Martingale, and arbitrage systems are used.
- It works on the MT4 and MT5 platforms.
- Timeframes of M30 and H1 are used.
- The major currency pairs it works on are the EURUSD and the GBPUSD.
- A minimum deposit of $100 is recommended by the vendor.
|Trading Terminals||MT4, MT5|
|Strategy||Breakout in support and resistance|
|Money Refund||30 days|
|Customer Reviews||Excellent (4.5/5 rating for 13 reviews)|
What strategy does Happy Breakout use?
The breakdown in the major support and resistance levels is used by this ATS to identify the entries and exits accurately. A fixed SL and a trailing stop for profitable orders are used by the expert advisor. According to the vendor, the backtests are optimized using a modeling quality of 99.9% using real ticks.
Backtesting vs live trading results
A couple of backtesting results are present on the official site. Shown above is one of the backtesting results. From the stats, we can see the EURUSD account had generated a total net profit of $553363 for an initial deposit of $1000. The profitability was 71.11% and the profit factor was 3.20. A maximum drawdown of 14.49% was present for the account. From the results, we find that the EA uses a low risk and is a profitable system.
Real trading results verified by the FXStat site are present for this FX EA. Here is a screenshot of the results:
From the above stats, it is clear that the system is capable of providing good returns. For a total of 1207 trades executed from November 2019,the profitability is 80.03% and the profit factor is 1.08.For a deposit of $5000, total pips of 543 were generated. A drawdown of 17.93% is present. The daily profits are 0.10% and the monthly profits are 2.09%. From the results, we find that the profit, although not very large, can still provide justifiable results. The low drawdown indicates reduced risk and better capital protection.
Comparing the backtesting results with real trading we find that the drawdown is mostly similar and low in value for both. The good profits and low risk are similar to the backtesting results.
The core team
This FX EA is created and promoted by the Happy Forex group. There are no company details like founding year, location address, team members and their experience, etc.