Happy News trades based on economic events that create high volatility in the forex markets. The system comes with regular updates from the developer and does not use grid and martingale strategies. We will be reviewing the product in our article to see if it is possible to maintain any profits.
Happy News company profile
Happy Forex is an Algo trading company that owns different Expert Advisors that deal in multiple currencies. The company is based on a new generation of technology that provides easy access to its customers via simple installation methods.
The EA places pending orders in dual directions. If the economic event positively/negatively impacts the instrument, one of the positions will be triggered and handled by the algorithm.
From the trading history on Myfxbook, we observe that the robot uses a high take profit of 100 pips with a varying stop loss. Once the position enters the profit, it will start trailing the exit point.
The highlights of Happy News
Following are the features offered by the EA
- It comes along with a complete tutorial that includes the installation method, user guide, and English version of the product.
- The robot assures no martingale, no hedging, and no grid.
- It comes with support for ECN brokers.
- Each package includes a money-back guarantee (30 days).
- Lifetime license and unlimited demo accounts are also provided.
The Happy News works on the Metatrader 4 platform and is fully automated. The EA requires a minimum deposit of $100, and Admiral Markets is its recommended broker.
Facts & figures
There are no backtesting records present for Happy News.
The live records are available from January 2021 till June 10, 2021. The EA had a total gain of 447.06% and a monthly output of 2.67%. The drawdown value noted was 39.26%, with a risk/reward ratio of 1.24. The current balance of the system stands at $21,375.23, with a profit of $14,608.27.
The total trades done by the EA were 788, with 669 winners and 119 losses. The average win was $113.12, and the average loss was -$513.16.
Happy News packages
The EA comes with two different prices, i.e., €299 and €499. Both deals have 30 days money-back guarantee: unlimited demo accounts, complete tutorial, free lifetime update, and 24/7 customer support.
For €299, you will get 2 real accounts, whereas 5 licenses will cost you €499. The company also provides easy payment methods via Visa, MasterCard, PayPal, etc. The developer offers a 30-days money-back guarantee.
Assistance
The EA provides 24/7 customer support through email, live chat, and TeamViewer.
Other notes
The company has a rating of 4.5 and has 13 reviews on a third-party website, Trustpilot. One of the traders comments that the robot works great and is beginner-friendly.
Another user states that the EAs are showing outstanding results and work perfectly.
Is Happy News a reliable system?
Happy News has verified live trading results and good customer reviews. The company maintains transparency in its portfolio which convinces us to believe that it is reliable.