In today’s series, we are going to review Happy frequency EA, a fully automated forex robot. It combines several strategies and concepts, including trend, grid, hedge, and semi-martingale. All these according to low/middle/high/combi EA files.
In this post, we dissect this EA for you. We explain the strategies and find out if they are effective. Moreso, we show you how this EA has been performing.
What is Happy Frequency EA?
Happy frequency is under the staple of Happy Forex group. They have a bunch of other forex robots, all under the name “Happy”. Some of their popular bots include Happy Algorithm, Happy Way, and Happy Forex.
The Happy Frequency robot is an automated forex trading software that relies on several different strategies. According to their website, the strategies are also protected by a news filter.
The trend strategy utilized seeks to identify patterns in the forex market. On the other hand, grid strategy involves placing orders above and beyond the set price. This forms a grid pattern of orders at systematically increasing and reducing prices. It seeks to capitalize on price volatility.
The other strategy used is semi-martingale. This strategy dictates that the value of a deposit is increased even if the trade is losing. It works on the probability of a future gain.
Happy frequency is designed to work with EURUSD, EURGBP, EURCHF, GBPUSD, AUDUSD, USDCHF and USDJPY, USDCAD, EURJPY. It requires running 24/5; therefore, we would suggest a VPS.
- Operating system: Windows 7, 8, 10, Mac OS and Linux
- Platform: Metatrader 4
- Account type: Micro, Mini, Standard, or ECN account
- Minimal deposit: 4000 USD or 40 micro(cent) USD
Happy Frequency Notable Features:
- Support for ECN brokers
- Auto-quotes detection 4 or 5 digits.
- 100% automated
- Easy to install
- Happy Frequency v1.0.exe (1170 kB)
- Complete tutorial: User guide – English Version, Happy Frequency – Installation
- 2/5 Licenses for 2/5 real accounts and unlimited demo of accounts
- Free update and upgrade
- 30 days money-back guarantee
- Unlimited use
- The license is for the first month and renewal happens automatically. You will pay for the license once only.
Apart from it’s myriad of strategies, like other forex robots, this EA promises to make you money hassle-free. Let examine if this robot manages to do that and how well.
This EA claims to make the combo of strategies works in favor of an investor. However, the Happy Frequency EA website does not state any claims on profit percentages. They only provide the prices and details on their strategies. We do not know how much one should expect from this EA.
Happy Frequency Review
Happy frequency offers four account types, Micro, Mini, Standard, and ECN account. The website is offering a whole package consisting 10EAs. The creators of this EA have many other forex robots, therefore, Happy Frequency is sold as part of the package.
What makes these packages interesting is the fact that they provide a 30 day money-back guarantee.
EA Review: Trading Performance
Real live trading results help us better understand performance of an EA. This account uses Fort financial services with recommended settings from the developer. The Leverage used for this account is 1:500
Happy Frequency displays data on Myfxbook that shows a growth of 10% monthly. The gain stated stands at +2553.24%, while the drawdown is 76.83%. The profit stands at $64176.12. These are exceptionally positive results.
More so, the EA for this period, the EA wins 11,249 out of 15,203. This represent a win percentage of 74% whic is remarkable.
We also find a real account hosted on FX Blue. We think it is also advisable to compare the two accounts to see how consistent this EA is.
For this account, the monthly growth stands at 12.5% which compares favorably to the account on Myfxbook. Moreover, on this account, the EA wins 79%, 4 percentage points more. The EA carries out a high number of trades at almost 8 trades a day but with a profit factor of 2 which is impressive.
The results posted for this EA are extremely encouraging, despite the drawdowns. If interested in this EA, we advise that you use the same broker they recommend.
The website for Happy frequency is active with substantial information about this EA. They have provided details about the strategy, the prices, and the real live account. They have not provided the backtest results, but I believe we will let that slide because they provided two real live accounts.
We would like the creators to provide a bit more information about themselves. It would be a confidence booster.
The website states that there is a 30-day money-back guarantee. However, we cannot certify this statement as we have no verifiable evidence of any refunds.
The website does not throw around claims about what this EA can do. However, they do state that the EA is able to use a combination of strategies successfully. As we have seen in our analysis, this statement is true.
When it comes to customer experience, Happy forex seems to score above average on reputable websites. This score represents the whole 10 EAs package. We did not find a specific reference to Happy Frequency EA trader.
What we have seen from this EA is encouraging. The live real accounts results are displayed for all to see.
Taking everything into consideration, Happy frequency EA is a solid robot. The starting price for the package starts at £299 which is relatively inexpensive.
We are also happy with the fact that there is a money-back guarantee. The strategies used by the creators are not well detailed, but they have tried to articulate the major principles. However, the EA works considering the results we have seen.