Happy Way Review: Things to Consider Before Investing

Happy Way is mainly configured for use by traders of all experience levels including newbies. This FX robot can work on big client accounts with Metatrader compatibility. It uses the grid method for finding winning trades accurately. The vendor claims that it does not increase lots as in the Martingale approach and hence is advantageous. Happy Forex is the company that designs and promotes this FX EA. Other products of the company include Happy Neuron, Happy Frequency, Happy Martigrid, and more. 

The highlights of Happy Way

Here are some features that according to the developer set this expert advisor apart in the market:

Money management

The vendor provides info on the minimum deposit you need for the different types of accounts present. For the micro account, a lot size of 0.1 and a deposit of $1000 is recommended. For the mini account, the vendor recommends 0.1 lot for a deposit of $10,000. A deposit of $100,000 is recommended for the standard account with a lot size of 1. We could not find other money management features of the system.

Easy configuration

This FX EA has different options and settings which are not restricted for use in a single currency pair. Thus, you have plenty of choices to pick from.

For newbie and seasoned traders

As per the vendor, the design of the software enables you to use it with ease. The system is capable of handling big client accounts effortlessly.

There is not much info present concerning the features and functionality which makes it difficult to assess the system thoroughly.

Trading strategy of Happy Way

A grid approach is used by this EA that trades in the market direction. It works with the reinsurance positions without increasing the lot size. As per the vendor, this FX robot does not increase the lots as it is done in a Martingale approach. Plus, it is ideal for both large as well as small accounts. No indicators are used for the analysis and there are multiple settings and options for various pairs.

Backtesting reports

Unfortunately, we could not find backtesting results for this FX EA. Although backtesting uses historical data to provide insight into the strategy and efficacy of the system, it is not predictive of the system’s future performance. 

Trading results in real time

The vendor provides a real USD account using the ForexMart broker and the leverage of 1:500 on the MT4 platform. Here are a few screenshots of the results verified by the Myfxbook site.

From the above images, we can see the account has made a total profit of 15.33% and an absolute profit of similar value. A daily and monthly profit of 0.06% and 1.68% respectively are present. The drawdown is 18.89%. For a deposit of $2,500, the account has made a profit of $383 since it started in June 2021. A total of 148 trades with 68% profitability and a profit factor of 1.99 are present. The trading history reveals a lot size of 0.01 is used. 

From the results, we can see that although the profits are not very high, the system trades with a low drawdown of 20%. This indicates a low level of risk. You will not lose a lot in case of losses, which makes this EA ideal for inexperienced traders or people who do not want to trade with high risk. 

Happy Way price

To purchase this FX EA, you need to pay €299 for 2 licenses or €499 (4 licenses). With the EA, you get 9 other products of the company as part of the package. Additional perks include a 30% discount on the price and Happy Indicators Pro for free. A 30-day money-back guarantee is present for the product. When you compare the pricing with the average market price, we find the cost is affordable.

Customer support

Customer support is available through email, live chat window, AnyDesk, and TeamViewer. As per the vendor, the support team works 24/7 to ensure all your queries are addressed properly.

Are traders happy with Happy Way?

We found 13 reviews for the Happy Forex company on the Trustpilot site. Here are a few of the user testimonials:

From the feedback, it is clear that the products of the company are working well and that they are easy to use even for beginners.