Happy Trend is a fully automated trading tool that comes with both live and backtesting records. The developer states that the product is beginner friendly and can trade on big accounts. There is an implementation of a news filter to help avoid volatile market conditions. To keep the system working perfectly in accordance with the current market conditions, the author is updating it constantly. To check if the robot is profitable in the long run, we will discuss its features, history records, and efficiency.
Is Happy Trend good?
The algorithm trades on multiple pairs and comes with more than one purchasing option. The algorithm has a 30-day money-back guarantee and unlimited use for its users. There is 24/7 customer support available through email, live chat, TeamViewer, and the AnyDesk platform, as claimed in the FAQ. While the offerings seem good the live stats convince us that using the product is not a good option.
Features of Happy Trend
Happy Trend has the following characteristics:
- The system has an easy installation method.
- It comes with auto quotes detecting of 4 or 5 digits.
- The algorithm comes with a user guide and setup tutorial.
- It does not use martingale, hedge, or grid.
- The robot supports ECN brokers.
| Trading Terminals | MT4 |
| Strategy | Trend |
| Timeframe | H1 |
| Price | €299 (2 licenses) and €499 (5 keys) |
| Money Refund | 30 days |
| Recommended Deposit | $100 |
| Recommended Leverage | 1:500 |
| Money Management | Yes |
| Customer Reviews | Good (4.7 out of 5 rating based on 30 reviews on Trustpilot) |
What strategy does Happy Trend Use?
The bot works on high volatility markets and uses a stop loss/ take profit strategy and precise market entries. There is no implementation of grid or martingale. From the stats on Myfxbook we observe that the algorithm has the best winning trades at the beginning of the Asian session. It can hold trades for an average duration of 5 hours and 45 minutes.
Backtesting
The backtest records are available from January 2020 to December 2020 for EURUSD. There were 181 trades out of 150 that were positive and 31 negative. The robot had an initial deposit of $1000 and a net profit of $241.
The absolute, maximal, and relative drawdown was noted as 5.76, 83.85, and 83.85. The algorithm had a profit factor of 2.08 and 39 consecutive wins. With a win rate of 85.25%, we can say that the system stays within the positive metrics required to stay profitable in the market.
Live trading results
Live records are available from September 2021 till the current date on Myfxbook. The gain percentage was -38.49%, and a daily gain of -0.21%. The robot had a drawdown of 43.82% and an initial deposit of $1000.
The active balance is $615.08, with a profit factor of 0.63. There were 486 trades in which 88% were profitable and 15% lost trades. The risk-reward ratio is poor driving the overall account gains in the negative.
The core team
Happy Forex is the company that owns Happy trend and the developer of other trading bots such as Happy News, Happy Way, Happy Gold, etc. The developer has not given the company’s location and founding year information. Users can ask their inquiries by filling out the form available on the contact us page. The company does provide evidence of its profile on social media platforms such as LinkedIn, Twitter, etc.