Happy Breakout Review: Things to Consider Before Investing

Happy Breakout

Happy Breakout is an EA that works on the M30 charts for the H1 timeframe. It utilizes a strategy that selects the most basic support/resistance levels to pick out the profitable positions in a given window. It requires a trader to have a minimum deposit of 100 USD. Sellers recommend using the EURUSD and GBPUSD currency pairs to attain the best results. Keep reading to find out more details about this algorithm.

The highlights of Happy Breakout

According to the seller, the robot has the following features that differentiate it from other EAs in the market. 

Auto quote detection

The system uses automatic quote detection for up to 4-5 digits, which is impressive. 

Stop level

The algorithm uses a stop loss feature with a maximum stop level under 10 points to prevent losses.

Trading strategy of Happy Breakout

The expert advisor uses support and resistance levels to trade the markets without the implementation of grid or martingale. 

From the live records on FXStat, we observe that it trades EURUSD and GBPUSD. It uses buy and sell stop orders to get inside the markets. Each position comes with a fixed stop loss and take profit that can vary from 3-100 pips.

The trading history on FXStat
The trading history on FXStat

Backtesting reports

Backtesting reports have been provided for the GBPUSD currency pair from 2012 till 2015. Modeling quality of 99.9% has been used for report generation. The system shows a maximal drawdown of 11.25%, which is low and on the safe side. An initial deposit of 1000 USD has been churned out as 898,594.76 USD, which shows the high profitability.  

The product depicts a profit factor of 3.70 with a spread value of 5. The expert advisor participated in 1046 trades, out of which 69.79% were profitable. The win rate for long positions was 69.20%, and that for short positions was 70.36%.

Backtesting results of the robot
Backtesting results of the robot

Trading results in real time

Verified trading results are available on FXStat. From November 2019 till March 2022 the system has shown an overall growth rate of +63.54%, which is very attractive. The drawdown value is reported as 17.93%. Deposits stand at 5000 USD, and profits are stated as 3,177.73 USD. The high growth rate with such a low drawdown is a huge benefit for beginners. 

The profit factor stood at 1.06. The system participated in 117 trades, out of which 78.63% were profitable. The average trade duration is reported as 0.15 hrs, and the recovery factor was valued at 0.10. 

The live records of the system on FXStat
The live records of the system on FXStat

Happy Breakout price

The robot is sold for 550 Euros. Payments are accepted in Visa, MasterCard, Paypal, and Discover. A 30% discount is provided to past customers, showing how highly they value their past customers. 

Purchase entitles the users to unlimited access to real/demo accounts. Free updates are offered for a lifetime. A 30-day money-back guarantee is provided, subject to company policy. 

Pricing of the robot
Pricing of the robot

Customer support

Users can only contact the developer through a form available on their website. They also have a Facebook page that serves as a touchpoint to take inquiries from customers. 

Are traders happy with Happy Breakout?

The company behind Happy Breakout is Happy Forex. It has a solid 4.5-star rating on TrustPilot for 13 reviews. All of them are very positive. 

We found a comment where one satisfied customer applauds the robot’s outstanding performance and user-friendly interface. 

Customer review at Trustpilot
Customer review at Trustpilot

Happy Breakout

Happy Breakout
3 5 0 1
Happy Breakout has a satisfactory drawdown that does not cross the safety threshold, evident from its live trading results. The company has several market offerings and comes with a substantial history in the finance sector. Access to live trading results and backtests increases the transparency of the sellers because we can judge their historical performance. Positive customer reviews also increase the trustworthiness of this EA.
Happy Breakout has a satisfactory drawdown that does not cross the safety threshold, evident from its live trading results. The company has several market offerings and comes with a substantial history in the finance sector. Access to live trading results and backtests increases the transparency of the sellers because we can judge their historical performance. Positive customer reviews also increase the trustworthiness of this EA.
3/5
Total Score
  • Functionality
    3/5 Neutral
  • Trading Strategy
    2/5 Bad
  • Live Results
    3/5 Neutral
  • Customer Support
    3/5 Neutral
  • User Reviews
    3/5 Neutral

Advantages

  • Live records are available
  • Backtesting results are provided
  • 100% automated trading

Disadvantages

  • No company email provided
Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts