Happy Galaxy works on both MT4 and MT5 platforms and is a fully automated expert advisor. The robot supports ECN brokers and has a news filter to avoid trading in unfavorable conditions. It trades based on trends and the grid to recover losses. We will consider the live and backtesting records and analyze them to see if we can profit from them.
Happy Galaxy robot costs 299 Euros and is available in the market for an unknown duration. The company only has a form on their website to contact them.
Is the Happy Galaxy good?
Due to the risky averaging strategy, the Happy Galaxy robot has a high drawdown that far exceeds the gains. Traders can receive a margin call on their account if the market trends in one direction.
Features of Happy Galaxy
The algorithm has the following features:
- Trades on multiple currency pairs
- It is compatible with both MT4 and MT5 platform
- The robot can work on ECN brokers
- There is automatic detection of 4 and 5 digit brokers
|Trading Terminals||MT 4 and 5|
|Strategy||Trend and grid|
|Money Refund||30 day|
What strategy does Happy Galaxy use?
The developer states that the robot trades on multiple currency pairs using trend and grid methodology for recovering any losses. It also has a news filter to avoid any conditions with a high drawdown. To get further information on the topic, we head over to the live records on Myfxbook. From there, we can see that the robot uses a swing trading approach with an average trade duration of 4 days. There is no fixed stop loss or take profit attached with trades.
Backtesting vs live trading results
Backtesting statistics are available from 2020 until 2021, during which the robot had a maximum drawdown of 47.43% and turned $1000 amount into $7057.04. It had a winning rate of 68.68%, with a profit factor of 5.98. The average amount of profitable trades was $16.58, while the average amount of losing deals was $6.08. There were a total of 744 trades executed during this period.
Verified trading records are available on Myfxbook. We have a performance from July 27, 2021, till the current date. The robot makes an average monthly gain of 10.39% for the duration with a drawdown value of 42.84%. This provides us with a poor risk-reward ratio of 4:1 and tells us that it can lose nearly half the account balance while trading.
With a winning rate of 81%, the algorithm had a profit factor of 1.90. In a total of 615 trades, the total gain was 76.09%, where the best execution turned in $139.97, and the worst was -$483.3.
The core team
The developers do not share any information regarding their whereabouts or trading experience. Happy Forex is the name of the company behind the robot. They do not share their registration number.
Leap FX has a total rating of 3.542 or 5 reviews on Forex Peace Army. One of the traders states that they started using one of the robots from the company and blew up their account. The algorithm does not have a stop loss attached with trades and is useless.