Happy Japanese Market is an expert advisor (EA) for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) desktop platforms. It can automatically scan the charts to find trading signals based on a unique built-in algorithm. When the Happy Japanese Market EA discovers a trade setup, it can enter the market and manage the position on your behalf. Whilst this may seem like a convenient option for those of you who do not have the time or knowledge to trade forex manually, there are some very important things to consider before using this or any other forex robot for that matter.
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 Galaxy EA and Happy Way.
In this Happy Japanese Market Review, I will be taking a look at the forex strategy that it uses, along with any historical and real time results. Hopefully this will help you to determine if this is a forex robot that you would like to use on your account or not. Just remember, there is no trading strategy on this planet that can guarantee good results! With that being said, lets get right to it.
Happy Japanese Market Trading Strategy
Just in case the name wasn’t an obvious give away, the Happy Japanese Market EA uses a trading strategy that looks to primarily take advantage of the Asian market. The Asian session, or as many refer to it as the Tokyo session, marks one of the best times of the day to trade for some forex traders. It is, however, often overlooked as it can be less volatile or liquid compared to other major trading sessions.
The Happy Japanese Market robot will scan the market all day in search of the right trading opportunity for the currency pair USD/JPY in accordance with the technical indicators implemented within the expert advisor’s code. This system is mainly focused on a long-term stable growth, which is not something you see too often from forex EA’s which can be known to use dangerous money management in order to try and make fast gains. The EA is compatible with any broker and has no limitations on the types of accounts used.
From my experience, the spreads around the start of the Asian open can be very high compared to usual, mainly because of the low liquidity during those hours. After all, New York has just closed and London is sleeping. For that reason, I would look to use an ECN broker with deep liquidity pools if using a forex robot around these hours. This is because they tend to have the lowest spreads and reliable execution speeds. IC Markets are my top choice for trading with forex robots that require some of the best trading conditions you will find anywhere.
Happy Japanese Market Features
- Supports ECN brokers and FIFO rule
- Autodetection of 4- or 5-digit quotes
- 100% automated forex trading strategy
- Easy to install with instructions included
- Compatibility with any MT4/MT5 forex broker
- Currency Pairs: USD/JPY
- Timeframe: Daily Charts
Happy Japanese Market Back Testing
Whilst I am pleased to see the Happy Forex team have shared some Happy Japanese Market back tests, I do have some concerns with them. The Happy Japanese Market EA does not trade that frequently when compared to some other forex robots such as the Forex Scalping EA. However, that is not my main concern as sometimes less trades is better.
What I do not like is that the Happy Japanese Market robot seems to be using a martingale money management strategy where it will increase the lot size to try and compensate for losing trades. This means that you can eventually end up with lots of trades open with increasing lot sizes. More often than not, I see these types of trading strategies and with a margin call and blown account.
I would much prefer it is the EA instead used a sensible stop loss and had a favourable risk to reward ratio. I think this would significantly improve the software which is too dangerous as it is in my humble opinion. Yes, no doubt there are forex traders out there who do not mind taking that additional risk for the reward, I just feel there are better forex robots available that do not use a martingale system.
Happy Japanese Market Results
Despite my initial concerns with the Happy Japanese Market EA back tests, it is nice to see that the Happy Forex team have shared with us a Myfxbook account where we can see the latest Happy Japanese Market results. It has held up so far, but my concerns regarding the money management are still prevalent. You can take a look at the graph below and view more statistics on Myfxbook. As you will see, it does not trade that frequently. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Japanese Market Summary
Overall, I can see what Happy Forex are trying to do with this forex expert advisor. They are using a dangerous martingale strategy but focusing on one pair and cherry picking only the highest probability trades to try and avoid the inevitable. Yes, it can work for a time but I feel like disaster is usually always around the corner when trading this way. Just make sure you understand the risks if you are considering such a trading strategy.
If you are curious and want to see what the Happy Japanese Market EA can do, you could always test it on a demo account. This can be a good way to get a feel for a forex robot without needing to take any risk. I would always test a new trading strategy on a demo account to begin with, just to make sure that it is suitable for my needs. The Happy Japanese Market expert advisor includes detailed step by step setup instructions, free updated and full support from the Happy Forex team.
Happy Japanese Market
€249
Pros
- MetaTrader 4 & MetaTrader 5
- Fully Automated Forex Strategy
- 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
- Potentially High Drawdowns
- Dangerous Money Management
- Limited Back Tests
- USD/JPY Only
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.
