In this post I will be reviewing the Happy Galaxy EA which can scan charts in your MetaTrader platform for trading signals based on its built-in strategy. When the algorithm finds a trade setup, it will place and manage positions on your behalf. This makes it a completely hands-off trading system, but that does not guarantee good results.
If you want to verify each trade before entering the market, you could set it to semi-automated mode in which instance it would send you an alert when it finds an opportunity. You can then decide if you would like to take the trade or wait for the next signal to come along.
I have reviewed other forex software from Happy Forex including Happy Frequency EA, Happy Breakout EA, Happy Neuron, Happy Market Hours, Happy Fast Money, Happy Algorithm Pro, Happy News, Happy Trend, Happy Gold, Happy Power, Happy Indicators Pro, Happy Japanese Market and Happy Way.
In this Happy Galaxy Review, we will take a closer look at the trading strategy that it uses, along with any back tests and real verified results being shared by the Happy Forex development team. Hopefully, this will help you to decide if the Happy Galaxy EA is something that you would like to try on your own trading account.
Happy Galaxy EA Trading Strategy
The Happy Galaxy EA strategy has been programmed to trade automatically within the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. You will need the desktop version of either MetaTrader platform to run forex robots such as Happy Galaxy. The platform must be up and running at all times for the expert advisor to be able to scan the charts, place and manage trades.
Happy Galaxy EA has been designed specifically to trade aggressively on the following currency pairs: EUR/USD, GBP/USD, USD/CHF, EUR/GBP and EUR/CHF or to trade conservatively on the following currency pairs: GBP/CHF, CAD/CHF, USD/CAD, EUR/CHF and AUD/NZD.
This automated forex trading system has built-in methods for attempting to determine the direction of the overall trend. You will also find that it has implemented a handy news filter to try and reduce drawdown during news releases where there can be high market volatility.
The main problem with this expert advisor and it is a massive one, is that it uses a martingale strategy. For those of you who may not be aware, this is an extremely dangerous money management strategy where the software will multiply lot sizes if there is a losing trade in order to try and recover.
The issue with this is that you can end up with lots of trades open with increasing lot sizes which usually always leads to a margin call and stop out. In fact, this is evident by the published Myfxbook Happy Galaxy EA account that shows huge drawdowns. For that reason alone, I would consider another forex robot that uses sensible money management instead. I would want to try and cut losses short and let winning trades run, rather than make up for bad trades with even worse money management.
Happy Galaxy EA Features
- Supports ECN brokers and FIFO rule
- Autodetection of 4- or 5-digit quotes
- 100% automated forex trading strategy
- Easy to install with detailed instructions included
- Fully customisable settings
- Compatibility with any broker
- Runs on the MT4/5 platforms
Happy Galaxy EA Back Testing
On a more positive note (and this is about as far is it goes), the Happy Forex team have shared a good collection of Happy Galaxy EA back tests where you can see how it may have traded based on historical data. Whilst back tests can give you a rough idea of how an expert advisor works, they only cover a couple of years’ worth of data and still show the potential damage that the martingale strategy could do to an account. I am pretty certain that if the tests went back a little further, you would probably see the accounts crash.
Happy Galaxy EA Results
To their credit, Happy Forex have published and shared some real verified Happy Galaxy EA results via Myfxbook. The robot did manage to hold up for a few months but as I had anticipated, the poor money management eventually caught up with it and the account took a big hit. If you are looking for an alternative forex robot with back tests and real verified results, the Forex Robotron EA is another option. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Galaxy EA Summary
Overall, I would personally pass on this forex robot. The trading strategy is too risky as the developer’s results show. The back tests are also very limited. I think there is significant room for improvement. I would like to see there be a sensible stop loss implemented although I do understand that may have a big impact on the win rate.
If you don’t mind the high risk involved and want to give the Happy Galaxy EA a try, I would only do so on a demo account to start with. That will give you a chance to get a feel for how it works without taking any risk. You can get a free demo account through the majority of forex brokers.
I feel there are better options out there when it comes to forex robots, the Forex Flex EA being one of them. That being said, Happy Galaxy does include 1 license for an unlimited number real/demo of accounts, free updates and a money back guarantee if you are not happy, ironically.
Happy Galaxy EA
€299
Pros
- Fully Automated Forex Strategy
- MetaTrader 4 & MetaTrader 5
- Customisable Settings
- BONUS Happy Forex Full Pack (10x EAs) free
- Any Forex Broker
- Unlimited Licenses
- Free Updates
- Full Support
- Detailed Instructions
- Money Back Guarantee
Cons
- High Drawdowns
- Dangerous Money Management
- Martingale Strategy
- Limited Back Tests
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
