Happy News Review

Nov 18, 2020 12:30 PM ET
Happy News Review

Happy Forex is a Germany-based robot-design company.

Happy Forex

Happy News

Type

Fully-automated EA

Price

299 EUR or 499 EUR

Strategy

Swing strategy

Compatible Platforms

MT4

Currency Pairs

AUD/USD, EUR/USD, GBP/USD, and USD/JPY

Timeframe

M15

Recommended Min. Deposit

$100

Recommended Deposit

n/a

Leverage

n/a (1:500)

Trade length

5 minutes

 

Happy News was designed to trade medium and high-impact news. The robot was released four years ago and since then it’s been trading on a demo account.

Happy News presentation

Happy Forex prompts Admiral Market, but the partner advertising isn’t loaded. It means the developers didn’t visit the site for a long time.

Trading Strategy Explanation

We’ve systemized information about the EA like settings, features, and, of course, a strategy behind the system:

  • The robot trades news impact during a day.

  • It places pending orders in both directions. When the price reaches it, the trade is placed and starts to make money for us, following the trend.

The list of features looks like that:

  • It’s a fully automated trading adviser.

  • The news will be automatically received from a news aggregator.

  • We can choose which news we want to trade and which ones to skip.

  • The system is enhanced by many other filters to make a robot to work well.

  • The EA works with the next systems: Windows, Linux, and Mac OS.

  • The robot was designed for trading through MT4.

  • The account should be an ECN one.

  • The minimum deposit requirements are $100.

  • The robot doesn’t use Martingale, Hedging, and Grid systems.

  • It supports 4 and 5-digits broker houses.

Happy News Trading Strategy

The system sets a mark on the chart when news occurs.

Happy News updates

The EA has received four updates for many years.

Backtest Data Analysis

The developers didn’t provide backtest reports to us to check.

Live Trading Data Analysis

Happy News Live Trading Data Analysis

Happy News Live Trading Data Analysis

The presentation includes four widgets from verified accounts. They vary so much between each other.

The robot has verified trading results. We’ve designed a sheet to gather the most important information about the EA’s performance. 

Trading Results

Myfxbook Account

Demo (USD), Fort Financial Services

Started

Feb 25, 2016

Deposit

$6145.52

Balance

$21014.84

Gain

+453.93%

Daily

+0.10%

Monthly

+3.04%

Drawdown

-31.31%

Profitability

1.31

 

Happy News Myfxbook

Happy News runs a demo USD account on Fort Financial Services, using fundamental analysis. It trades with 1:500 leverage on the Metatrader 4 platform. The account has a good level of transparency as its Track Record is Verified. It was created on February 25, 2016. Since then it’s been growing well until 2020. The absolute gain became +453.93%. An average monthly gain is +3.04% with a high maximum drawdown.

Happy News drawdown

Drawdowns chart shows that Happy News as many others Happy Forex’s EAs trade during 2020 with huge drawdowns.

Happy News Live Trading Data Analysis

During this year, the EA has brought -24.24% of losses.

Happy News advanced statistics

It traded 696 deals with only 928 pips. An average win in pips (4.08) is almost four times fewer than an average loss (-15.00). The win-rate for a BUY direction is 85%, for a SELL direction is 86%. An average trade length is short and equals five minutes. The Profit Factor is low (1.31).

Happy News trading results

Happy News trades four symbols: AUD/USD, EUR/USD, GBP/USD, and USD/JPY.

Happy News trading results

The robot works mostly with High-Impact News that’s occurred during European and American sessions.

Happy News trading results

Most activities during a week happen on Wednesday, Thursday, and Friday.

Happy News trading results

The robot trades with impossibly high risks. Losing four deals in a row forces to lose 10% of the account.

Happy News trading results

Now, we see the reason for these trading results. The average trade closes with a 1-pip profit when an average loss brings 15 pips of losses.

Happy News monthly gain

As we can see, the robot doesn’t work properly and developers didn’t change anything in its performance.

The company

Happy News

Happy Forex has a profile on Forex Peace Army. The rate is 3.7/5 stars based on five reviews.

Happy News customer reviews

There were many tests, but only two still work. All of these unprofitable robots we have in a 10 EAs package.

Pricing

Happy News Pricing

Today’s discount lasts years. The 10 EAs package with two real licenses costs 300 EUR. With five ones, it costs 500 EUR. Both packages are featured by:

  • 10 EAs

  • The 30% discount

  • A 30-day money-back guarantee

  • The complete user guide

  • Free lifetime updates

  • No special restrictions provided

  • Happy INDIcators PRO and Happy Gold MT5 version as a bonus

Review Summary

Pros

Cons

  • No risky strategies on the board
  • The EA is not profitable anymore
  • 3-rd party-verified trading results
  • Insanely high drawdowns
  • 30-day money-back guarantee
  • Weak money-management 
 
  • The robot didn’t receive updates for a year
 
  • High Pricing
 
  • Lack of people’s testimonials

Conclusion

This robot has become a scam. All that it does in 2020 is just wasting money. For 10 months, it’s brought -24.24% of losses. It seems like the developers didn’t hurry to help it and traders who buy it to make the robot profitable again. So, for us, there’s no reason to buy something that can’t make profits. The devs have to convince us that the EA is great, not we have to convince ourselves that it’s not a scrap purchase. 

Rating 3/10

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