Forex Robot ReviewsPassive Income

Happy Market Hours Review: Is It Wise to Hand Over Your Trading to This EA?

3 Mins read
7.0

Happy Market Hours is a Forex robot that comes with several indicators like Bollinger Bands, Fractals, Commodity Channel Index, just to name a few. The system is said to produce the best results on standard or ECN accounts. Since scalping is part of its trading algorithm, you are warned that not every broker is suitable for this strategy. In other words, exercise due diligence when choosing the broker to work with.  

Happy Market Hours company profile

Happy Forex is the inventor of this EA. The company is based online, and as far as we know, it doesn’t have any physical offices. Its founding year is not really clear. While the official website suggests the company was formed in 2016, we found some customer reviews on its products that date back to 2011. The other EAs included in the vendor’s portfolio are Happy Way, Happy Galaxy, Happy Breakout, and much more. 

The highlights of Happy Market Hours

These are the highlights of the system as per the vendor:

  • It is easy to install and doesn’t apply dangerous strategies like martingale, hedging, and grid.
  • The system supports ECN brokers.
  • It comes with auto-quotes detection 4 or 5 digits.
  • The robot works on the M15 chart.
  • The minimum trading deposit is $100.
  • It’s compatible with the following operating systems; Mac OS, Linux, and Windows 7,8,10,11.
  • Account types supported include micro, mini, and standard accounts.
  • It trades on both the MT4 and MT5 accounts.

As per the vendor, Happy Market Hours implements the trend/scalping strategies with technical indicators that work best on the EURCHF, USDCAD, EURUSD, GBPUSD, EURGBP, and USDCHF pairs. A spread filter is also integrated to stop the system from initiating a trade when the broker spread exceeds the setting spread. Moreover, take profit and stop loss levels are applied depending on market sentiment. The goal is to reduce losses and optimize profits for the user. 

Facts & figures

Backtest data
Backtest data

These are the backtest results for the 2015-2017 trading period. As such, the EA traded the EURUSD currency pair on the M15 timeframe, completing 1775 trades in the end. The realized profitability rate was 77.75%, which could be equated to a total net profit of $28511188.59. A small drawdown (11.32%) was generated, which indicates minimal-risk trading. The profit factor was 1.61. 

Live trading statistics on Myfxbook
Live trading statistics on Myfxbook

From the above stats, it is clear that the robot has executed 434 trades, which have, in turn, enabled the user to have an additional $625.82 in their account. The account went live in May 2021, and to date, the total pips won are 437.6. Consequently, the account’s value has increased by 12.32%. The drawdown produced (14.55%) is small, which proves that Happy Market Hours is not a risky trader. The profit factor is 1.14, while the average trade length is 56 minutes.

Trading summary
Trading summary

The EA prefers to work with long positions than short ones. The largest amounts of profits have been derived from the GBPUSD currency pair. 

Trading history
Trading history

The system trades on small timeframes and has managed to make some profits for the user. Varying lot sizes are used. 

Happy Market Hours packages

The EA is available at either €299 or €499, depending on the number of real accounts you want to trade on. With the former plan, you can obtain access to 2 real accounts. The latter one provides access to 5 real accounts. Both options provide extra features such as unlimited demo accounts, a manual guide, a refund policy, free updates and upgrades, unrestricted use for the owner, and free EAs.   

Assistance

For customer support, the website features an online contact form that allows you to forward your queries directly to the support agents through email. But if you desire a service that is more hands-on, then do not hesitate to use the live chat option provided.   

Other notes

The Happy Forex Company has been reviewed by several customers, and based on the 4.6/5 rating reported, it is apparent that their products are reliable. The traders confess to making profits with them and receiving efficient customer support.  

Happy Forex score on Trustpilot
Happy Forex score on Trustpilot

Is Happy Market Hours a reliable system?

The robot was produced by a vendor with a good reputation, so you can trust it to work for you efficiently. 

Happy Market Hours Summary

7.0
Happy Market Hours is a safe EA that trades with low risks to the balance. It doesn’t work with any of the commonly dangerous strategies like martingale, grid, or hedging. The positive reviews the vendor has received further serve to reinforce the system’s reliability.
6.0

Performance statistics

7.0

Reviews from customers

8.0

Ease of use

6.0

Implemented strategies

8.0

Pricing

Pros

  • +Comes with free EAs
  • +Positive reviews from customers
  • +Low drawdown

Cons

  • -Unsatisfactory vendor transparency
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