Happy Breakout is a brand-new product featured by Happy Forex development team. It’s the latest forex robot from the vendor that is designed to trade EURUSD and GBPUSD currency pairs. We already reviewed another expert advisor from this team – Happy Gold EA, and it received a satisfactory rating overall. Not bad results in trading gold, but how good do they deal with major pairs? In this review, will try to answer this question and will help you to decide whether or not to buy this expert advisor.
|COMPATIBLE TRADING PLATFORMS||MT4, MT5|
|CURRENCY PAIRS AVAILABLE||EURUSD, GBPUSD|
Happy Forex team sells this EA for $550 as a separate product. Usually, they sell their software as a bundle (Happy Forex Full Pack), which includes 10 different EAs. It seems that Happy Breakout is the most advanced EA created by the team, also it quite pricey. So, no wonder they decided to exclude it from the big pack. However, purchasing Happy Breakout, you’ll get all of the Happy Forex products as a bonus. It’s a nice present for a trader to have an opportunity to test 11 EAs buying just one.
On the sales page, we’ve noticed one thing that seems strange and discouraging to us. The first image on the website contains a link redirecting to the third-party payment page. We understand that the vendor wants users to buy his product ASAP, but we think this method has a terrible impact on user experience. So, we’d recommend developers to take that link away and just leave the button.
According to the description provided, Happy Breakout bot does not use risky strategies such as grid, hedging, martingale, or arbitrage. We respect such an approach. Looking for the best forex robots, we want to see they using unique and profitable strategies. However, we couldn’t find much information about the algorithm behind Happy Breakout EA. The devs chose not to share a lot of details on this. Somehow EA analyses support and resistance levels and places trades using fixed SL and TS levels.
It’s worth noting that this strategy is latency-sensitive. Therefore, devs recommend using VPS to guarantee fast and high-quality execution. Apart from this, it’s important to set maximum stop level under 10 points. More detailed recommendations you can find on the official website.
Let’s take a look at some real data. The vendor provides trading statistics of a $5000 charged account. This account is verified by FXSTAT, which is not a reliable source for us. It’s hard to determine whether this account is real or demo. However, this service rates the system with a 60.6/100 score.
Running since November 2019, Happy Breakout robot shows an impressive +105% gain (as of July 2020).
Despite this, we’re not sure about the accuracy of statistics provided by the service as it’s entirely new and hasn’t been tested by enough amount of traders.