Happy Neuron trading robot works on multiple currency pairs and supports ECN brokers. The algorithm is fully automated and requires a minimum of $3000 to trade the markets. Happy Forex is the developer of the EA.
The highlights of Happy Neuron
According to the provider, the EA has the following features that set it apart from other algorithms in the market.
The algorithm uses a neural network to determine the market sentiment and trade accordingly. There is also a news filter to help with the trades.
The robot supports ECN brokers and can work on both MT4 and MT5 platforms. Traders can also use it on multiple instruments.
Trading strategy of Happy Neuron
According to the developer, the robot trades on AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, and USDJPY. It uses a neural network to trade according to the market sentiment and has a built-in news filter to avoid volatile conditions.
From the live records on Myfxbook, we observe the use of grid strategy with an average trade duration of 2 days. There is no fixed stop loss or take profit with trades.
The developer does not provide us with the backtesting records of the EA. Without historical testing, we cannot predict what kind of drawdown the system can have in the future.
Trading results in real time
Verified trading records are available on Myfxbook. From June 18, 2021, till the current date, the system made an average monthly gain of 12.92%, with a 69.71% drawdown. This shows us that the algorithm has a poor risk-reward ratio and can cause a considerable loss of balance while trading. For beginner traders, such a high downside can affect their psychology massively.
The winning rate stood at 86%, with a profit factor of 2.02. The best trade was $30.06, while the worst was -$27.5 in a total of 4379 trades. The developer made $2000 in deposits on a live account.
Happy Neuron price
The author sells the algorithm for €349 for unlimited accounts. There is a 30-day money-back guarantee if traders are unsatisfied with the product. The developer provides additional 10 robots with the purchase for free.
Traders can only contact the developer through a form available on the website. There is no mention of when the support is present to answer the questions.
Are traders happy with Happy Neuron?
The company only has five reviews on Forex Peace Army, where they have a total rating of 3.542. A trader says that they bought one of the robots and blew up their trading account. The algorithm is useless, which trades without a stop loss and has a high risk on the portfolio.
Happy NeuronHappy Neuron
Trading Strategy3/5 Neutral
Live Results2/5 Bad
Customer Support3/5 Neutral
User Reviews2/5 Bad
- Live records are available
- Little information on the strategy
- Lack of vendor transparency
- Uses grid strategy