In this post I will be reviewing the Happy Gold forex robot. I have reviewed other forex robots from this developer; Happy Forex and Happy Market Hours. You can purchase them as a bundle if you wish. Happy Gold runs on the MetaTrader 4 trading platform and includes a quick and easy to understand setup guide thus making it suitable for beginner traders.
Happy Gold Trading Strategy
Happy Gold is a trend based fully automated trading system that trades on the XAUUSD and 30 minute time frame. It is based around a custom modification of the popular zigzag technical analysis indicator which can help to identify support/resistance zones and potential price breakout levels. Happy Gold will only allow one open trade at any time and has a stop loss. The take profit levels are dynamic so they change according to the market movements.
The expert advisor (EA) will analyse charts for potential trading signals based on the built-in algorithm. When it finds a signal, it can place and manage trades on behalf of the user. The settings can be customised to the user preferences. I would personally run forex robots with an ECN forex broker as I find that they tend to have some of tightest spreads, lowest commissions and reliable execution speeds.
Happy Gold Back Testing
The Happy Gold forex robot was tested with tick data during its development which gave 99.9% modelling quality in theMetaTrader 4 strategy tester. It is not clear if they used real variable spreads, swaps, slippage and commissions in testing. These factors can have a major impact on results.
Happy Gold Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Gold Summary
The Happy Gold forex robot developers are always updating the code by adding new features and bug fixing to try and improve the robot. Happy Gold includes installation/tutorial guide, MetaTrader 4 account license, free updates and support, unlimited use and a money back guarantee. As mentioned previously, they also offer other forex robots with a bulk discount saving.