Happy Power is designed with advanced automation features to ensure better accuracy and higher returns. It is a completely automated expert advisor that is developed mainly for the EURCHF pair. It uses special algorithms and artificial intelligence to identify profitable entries and exits.
Happy Forex is the company that develops and promotes this FX EA. The firm, founded in 2016, is reputed for its FX trading tools that ensure high returns and low risk. True to its reputation, the product website is well-designed with the vendor providing info related to all the key aspects of the FX robot such as its features, recommendations, pricing, backtests, real trading results, and more.
|Trading Platforms||MT4, MT5|
|Strategy||AI-based technical analysis|
You can buy this FX EA for €325. Unlike most of the other EAs of the company, this expert advisor is sold separately. The package includes the full pack of 10 EAs of the firm for free. With the purchase, you will get one license for an unlimited number of demo and real accounts. Free upgrades and updates are provided with the package and the vendor offers a money-back guarantee of 30 days. When compared to the price of competitor systems, we find the pricing is affordable as you get 10 more EAs when you purchase the robot. The presence of a refund ensures the reliability of the product.
As per the vendor, the FX robot uses an artificial intelligence method for analyzing the market and spotting accurate entries and exits. It uses a self-adaptive algorithm that includes reinforcement learning components. The reinforcement method eliminates the need for a labeled output or input pair and it also does not require correction of sub-optimal actions. The key features and recommendations for the FX EA provided by the vendor are:
- It supports ECN brokers.
- The EA is 100% automated.
- Installation of the software is simple and easy.
- It can be used with any broker.
- The software can automatically detect quotes of 4 or 5 digits.
- It works mainly on the EURCHF pair.
- A timeframe of M30 is recommended.
- The minimal recommended deposit is $1000.
- The recommended amount for trading is $3000.
A few backtests are provided on the official site. Here is one of the backtests done on the EURCHF pair using the M30 timeframe from 2020 to 2021.
From the above strategy tester report, we can see that the MT5 tool had generated a total net profit of 516.32. A total of 680 trades were executed with a profit factor of 2.16 and profitability of 75%. The maximum drawdown for the account was 19.57%. The low drawdown and high profits indicate a low-risk approach and good performance.
The vendor provides a real live trading account verified by the myfxbook site. Here are a few screenshots of the trading stats.
From the above info, we can see the real USD account using 1:500 leverage on the MT4 platform shows a total profit of 76.66% and an absolute profit of 25%. The daily and monthly profits are 0.37% and 11.74% respectively. A drawdown of 69.44% is present. From the growth curve, we find that the account which began in November 2021 shows steady growth with a couple of downturns. Despite the big drawdown, the account has managed to grow consistently as seen by the upward growth in the past few months. The growth indicates good money management and risk control.
From the advanced stats, we find that a total of 3,158 trades have been executed with 70% profitability and a profit factor of 1.61. A lot size of 0.01 is used which shows the strategy used is in the low-risk category. Although the profits are not as high as in the backtesting report, the small lot size and good money management make it a favorable choice for traders in search of an effective strategy.
Although there are no user reviews for this FX EA, we have found 29 reviews for the company with a rating of 4.7/5 on the Trustpilot site. From the feedback, we find that the users are happy with the service and the profits.