Happy Market Hours is a Forex expert advisor launched by the Happy Forex team. This robot is compatible with both MT4 and MT5 trading platforms. As per the vendor’s claims, both new and experienced traders can successfully use this system.
We don’t know when exactly the robot was launched, but the oldest live trading account was opened in 2013. For two EA licenses, you need to pay 299 Euros, while five licenses cost 499 Euros. The vendor offers a 30% discount and a 30-day money-back guarantee. You also get to use an unlimited number of demo accounts.
Is Happy Market Hours good?
This EA is reasonably priced compared to other systems. The live trading results tell us that it has been consistently generating profits for several months. It is sold by a reputed company and is compatible with multiple currency pairs.
Features of Happy Market Hours
This EA is compatible with operating systems like Linux, Mac OS, and Windows. You can use different types of accounts like Micro, Mini, and Standard. The minimal deposit required to get started with the robot is $100.
This robot is easy to install and it does not follow risky strategies like grid, hedging, and martingale. It supports ECN brokers and can perform auto-quotes detection of up to 4 or 5 digits. Since it is 100% automated, you don’t need to make any manual inputs for the robot to function properly.
What strategy does Happy Market Hours use?
This robot uses a trend/scalping strategy involving technical indicators to trade in currency pairs like EUR/USD, EUR/CHF, EUR/GBP, USD/CAD, USD/CHF, and GBP/USD. The vendor recommends loading the EA on M15 charts for best results. Also, you should choose a broker that supports scalping.
The robot has a spread filter that stops the robot from executing orders in case the broker spread is beyond the setting spread. Based on the market sentiment, it uses dynamic take profit and stop-loss levels.
Backtesting vs live trading results
This backtest was conducted from 2005 to 2017 on the M15 timeframe. The EA used an every tick model to conduct 1775 trades for the EUR/USD pair using an initial deposit of $1000. It managed to win 77.75% of its trades and generated a total profit of $28511188.59. The relative drawdown was a bit high at 39.04%, indicating a risky strategy.
Since May 27, 2021, the EA has conducted 427 trades through this verified trading account on Myfxbook. It has managed to win 62% of all trades, which is a pretty decent win rate. As a result, it has generated a profit of $540.95. The daily and monthly gains are 0.03% and 0.99%, respectively, while the drawdown is 14.55%. Compared to the backtest, the drawdown is much lower, so we can tell that the EA is using a relatively low-risk strategy.
Here we have the recent trades conducted through this account. The robot seems capable of generating steady profits. For the last 20 trades, it has used a lot size of 0.83-0.85. It holds each order for an average of 56 minutes. The average win and loss are 3.36 pips/$19.49 and -2.90 pips/-$28.54, respectively.
The core team
The parent company, Happy Forex, is based in Germany. This team has been around for over five years and they are well-known for building expert advisors like Happy Frequency, Happy Gold, Happy News, Happy Way, etc.