Happy Power Review: Things to Consider Before Investing

Happy Power from the Happy Forex group is an expert advisor that promises the best entry points and stable profits. This fully automated FX trading system is designed specifically for the EURCHF pair. 

A self-adaptive algorithm is used by this FX EA for trading. The reinforcement elements for learning present in the ATS enable it to avoid the need for labeled input or output pairs. Additionally, the EA does not need to correct the suboptimal actions as per the vendor. 

We could not find any info related to the company, its founding year, and other related details. No location address or phone number is provided for contact. Besides this EA, the company promotes several other EAs including Happy Neuron, Happy Trend, and more. 

The highlights of Happy Power

The official website of this FX EA provides the bare minimum info. It is not just the vendor information that is withheld but also info related to the expert advisor. Here are some of the features that the vendor presents that set Happy Power apart in the market:

Broker support

This ATS supports ECN brokers and is compatible with all types of brokers. The EA is capable of automatic quotes detection up to 5 digits. 

Money management 

For the best outcome, the vendor recommends the EURCHF currency pair using the 30-minute timeframe. A minimum deposit of $1000 is the vendor’s recommendation to start trading. The FX robot works on the MT4 and the MT5 platforms.

Drawdown control

As per the vendor info, the FX EA uses a self-adaptive algorithm that does not require explicit settings for risky market situations. Unique artificial intelligence technology is claimed to be used by the FX robot to analyze the market and identify the entry points with the lowest risk.

The key features the vendor focuses on like the ECN broker support and its recommendations are seen in most of the EAs in the market. Although the use of a self-adaptive algorithm appears to be an effective approach the vendor does not elaborate on it. Without sufficient explanation, we are unable to assess the efficacy of the system. The vague reference serves only in raising our doubts regarding the reliability of this ATS.

Trading strategy of Happy Power

There is no mention of a specific strategy used by the vendor. Since the trading approach is a crucial part of an FX trading tool, the lack of transparency raises a red flag.

Backtesting reports

A few backtests are present on the official site. Here is a report on the strategy tester report for theEURCHF pair on the H1 timeframe. 

For an initial deposit of $1000 using the leverage of 1:500, a total net profit of 6,685.26 and a profit factor of 2.39 is revealed. The profitability is 76.88% and the maximum drawdown for this account is 11.99%. Modeling quality of 99% is used for the backtest. The lot size used is 0.01. The test duration is from January 2020 up to April 2021. Although the performance appears to be good, we cannot use it to predict a similar performance in real trading as the results are based on historical data. 

Trading results in real time

The vendor provides a real USD account verified by the myfxbook site using ForexMart broker and the leverage of 1:500.

From the above images, we can see the total profit is 23.05% while the absolute profit is 7.34%. The difference between the two values indicates the performance is not as high as claimed by the vendor. A drawdown of 76.84% is present which indicates the strategy used is ineffective in providing the stable profits assured by the vendor. The profit factor value is 9.96 and the lot size used is 0.01. Despite the appreciable profitability and safe lot size, the big drawdown and the discrepancy in the total and absolute profit values raises concern regarding the reliability of the system.

Happy Power price

To buy Happy Power, you need to shell out € 325. The vendor provides a package of 10 EAs as a bonus offer with this EA. Other features included in the package are free upgrades and updates and a money-back guarantee of 30 days. With the high drawdown and suspicious approach used by the FX robot, we find the price is expensive and not worth it.

Customer support

The company provides support via live chat, email, AnyDesk, and TeamViewer apps. As per the info found in the FAQ section, 24/7 support is present. But most often any queries or complaints are not answered immediately. A minimum of 24 hours is taken by the service to respond to user requests.

Are traders happy with Happy Power?

We could not find user reviews for this FX EA on reputed sites like Forexpeacearmy, Trustpilot, etc. The absence of testimonials indicates the system is not a popular one.