Happy Trend Review: Things to Consider Before Investing

Happy Trend claims to use efficient money management to ensure the best returns and minimal losses. It is designed to work on high volatility conditions. As per the vendor, the system can trade on bit accounts and is suitable for traders of any experience level. 

Happy Forex is the company that creates and promotes this FX robot. Other products of the company include Happy News, Happy Frequency, Happy MartiGrid, and more. Unfortunately, we could not find details on the vendor like the founding year, location address, phone number, etc. 

The highlights of Happy Trend

Here are some features that according to the developer set this FX robot apart in the market:

Money management

The FX EA uses efficient money management that attempts to capture the precise direction of the trend. It uses a dynamic SL and TP for ensuring capital protection and increasing returns. The vendor claims that the system is designed to make accurate market entries.

Consistent updates

The official site features several updates done in the EA including modification of source codes for various settings, the addition of new settings like trailing stop, modification of the strategy, the addition of new indicators, and more.

Low-risk approach

As per the vendor, this FX EA does not use dangerous strategies like the Martingale, Hedging, and grid approaches. Instead places one trade at a time with dynamic SL and TP.

Trading strategy of Happy Trend

As the name suggests, this system uses a trend-based approach for achieving high returns. There is not much explanation provided by the vendor on the strategy used. Instead, the vendor explains that the approach does not involve risky methods like the Martingale, Hedging, etc.

Backtesting reports

A few backtesting reports are present for this FX EA. Here is one of the backtests done on the EURUSD pair using the H1 timeframe. 

From the above stats, we can see that the test was done from January 2020 to December 2020. For an initial deposit of 1000, the total net profit generated was 241.09. For a total of 181 trades, the profitability was 85.25% and the profit factor was 2.08. A maximum drawdown of 6.48% was present. While the drawdown was low indicating a low-risk approach, the low profits indicate the system was not performing well.

Trading results in real-time

A real USD account verified by the myfxbook site is present for this FX EA. Here is a screenshot of the account that uses the Forex Mart broker and the leverage of 1:500 on the MT4 terminal.

From the stats, we find the system is showing a loss of 27.04%. The daily loss is 0.17% and the monthly loss is 4.98%. For a deposit of $1000, the account has lost $270.42. From the growth curve, we can see that the account is on a downward spiral since it started in September 2021. Minor upward peaks are present but the downward plunges are more showing the approach is of a high-risk type that traders would avoid at all costs.

Happy Trend price

This FX EA is available for €299 (2 licenses) and €499 (5 licenses). The package includes a total of 10 EAs of the company. A 30% discount is present along with a bonus indicator. The vendor offers a 30-day money-back guarantee. When compared to the market average, we find the price is not expensive.

Customer support

For support, the vendor provides a live chat feature, an email address, TeamViewer, and AnyDesk. The support team provides 24/7 assistance for users.

Are traders happy with Happy Trend?

Unfortunately, we could not find user reviews for this FX EA on trusted third-party sites like Forexpeacearmy, Trustpilot, etc. Testimonials from users help to know about the support, performance, and other influencing factors. Without the presence of user feedback for this FX robot, we are unable to assess the system from the user perspective.