In this post I will review the Happy Indicators Pro indicator package by the team over at Happy Forex. They have developed a selection of forex robots and this is the first set of manual trading tools I have seen from them. I have previously reviewed other forex robots from the developers including the Happy Frequency EA and Happy Breakout EA. The Happy Indicators Pro package is designed for manual forex trading.
Happy Indicators Pro Features
The Happy Indicators Pro package is a set of technical indicators for using in the popular and free to download MetaTrader 4 (MT4) trading platform that is available from most online forex brokers. It is used by millions of traders of all experience levels from all around the world for both manual and automated trading.
I prefer to use MT4 from a reputable ECN forex broker as I find that they have the lowest spreads and minimal slippage along with competitive commissions and good customer support.
With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
The Happy Indicators Pro indicators can be used standalone (individually) or in conjunction with each other. They can also be combined with other technical, price action, fundamental or sentiment analysis.
Some traders may already have their own trading system or preferred method of analysis. The indictors can be used as additional filters and confirmation of trading signals.
The indicators can be used on any currency pairs and chart time frames. I usually prefer to trade manually on the longer-term chart time frames as I find they filter out some of the noise from the lower time frames and can catch bigger moves with more clarity.
As with any manual trading strategy, the money management should be on point. Ideally with a favourable risk to reward ratio where a winning trade outweighs a losing trade so that one loser does not wipe out multiple wins.
The Happy Indicators Pro package includes the following trading indicators: Happy aRANGE, Happy BIO, Happy bTIME, Happy Digital, Happy s1BIO, Happy xIND and HappyINDIcatorsPRO.
Happy Indicators Pro Summary
Overall, there are some useful indicators included within the Happy Indicators Pro package although they will require the trader to have some knowledge of manually trading and also good money management and trading discipline. This can be the difference between a winning and losing trading strategy.
They may be used individually as they are, combined into one trading system or in addition to your own market analysis.
The Happy Indicators Pro comes with instruction manual, support, updates and a money back guarantee.