Happy News Review: Things to Consider Before Investing 

Happy News is a Forex expert advisor from the Happy Forex team. It is compatible with the MT4 trading platform, and according to the vendor, is capable of efficiently trading news releases related to the Forex market. The parent company is based in Germany and has been manufacturing Forex automated trading systems for more than five years, which tells us that it has ample experience. Other robots from this developer include Happy Power, Happy Breakout, Happy Neuron, Happy Galaxy, Happy MartiGrid, Happy Gold, and Happy Frequency.

The highlights of Happy News

According to the developers, these are the main features of the system:

No risky trading strategies 

Unlike some other EAs, Happy News does not use risky trading strategies like hedging, grid, or martingale. This means your investment is relatively safe with this expert advisor.

ECN brokers supported

This EA supports ECN brokers. As such, investors in various geographic areas can trade without the involvement of a third party. Some traders are very particular about privacy, so they will certainly appreciate this feature.

Low minimum deposit 

With this EA, you can start trading for only $100. This makes it suitable for novice traders who might not be comfortable with large balances. Also, it lets you test the performance of the system without investing too much money.

Multiple currency pairs supported

This EA is compatible with multiple currency pairs like GBP/USD, USD/JPY, EUR/USD, and AUD/USD. Therefore, you can diversify your investments using this system.

Trading strategy of Happy News

This robot can automatically trade Forex news, no matter the outcome. It places pending orders in both directions in order to capitalize on the market momentum, in case the news significantly impacts the prices of currency pairs. It sources the news from reputable online places, after which it is filtered based on the preferences of the user. 

You have the freedom to follow the news releases for a particular pair. It is also possible to filter the releases based on their impact and compare them with past releases.

Backtesting reports 

At this moment, there are no backtesting results available for this expert advisor.

Trading results in real time

This live trading account on FXStat has been active since February 2019. To date, the EA has conducted a total of 416 trades through this account, winning 87.98% of them and generating a total profit of $2238.60. The win rate is extremely high considering the fact that the EA has spent several years trading in the live market. Currently, the daily and monthly gains are 0.14% and 3.14%, respectively, and the profit factor is quite impressive at 1.84.

We can see that the maximum drawdown for this account is only 13.34%. Looking at the drawdown chart, it is evident that the robot has been able to keep the drawdown level low throughout its trading history. 

For the last 20 trades, the EA has used a lot size of 0.65-0.78. The average trade duration is 0.08 hours, and the average profit and loss are $13.41 and -$53.37, respectively. It should be noted that the EA has canceled some of the recent trades, but the last four orders have been closed in profit.

Happy News price   

There are two pricing plans for this EA. For two licenses, you need to pay 299 Euros, while five licenses cost 499 Euros. By purchasing the EA, you get the Happy Forex Full Pack containing 10 EAs, free of charge. The vendor also offers a 30-day money-back guarantee.

Customer support 

If you require support, you can get in touch with the service team using the contact form on the website. Happy Forex has a Facebook page where you can find the official email address.

Are traders happy with Happy News?

At this moment, there are no customer reviews for this expert advisor. However, the parent company Happy Forex has a rating of 4.5 out of 4 on Trustpilot, based on 13 reviews. The users have praised the performance of the robots sold by this company.