In this post I will be reviewing the Happy Martigrid forex robot from the developer “Happy Forex” who have a great name and a vast array of forex robots which I have previously reviewed including the Happy Gold forex robot. As the name suggests, Happy Martigrid does indeed use a potentially dangerous martingale/grid based strategy which basically means that multiple orders can be open at once with increasing lot sizes. This type of money management strategy can cause large drawdowns and potentially blown accounts / margin calls so please be aware of this if you opt for such a system that Happy Martigrid uses. It is much too risky for my personal trading style.
Happy Martigrid Trading Strategy
As mentioned in the introduction, Happy Martigrid uses a martingale / grid based money management strategy which means that it can increase lot sizes to try and compensate for losing position. I would only try this on a demo account as I find grid strategies too dangerous for my trading style. Although, forex demo trading account conditions will vary greatly from real live account feeds. Demo accounts tend to have better spreads and less slippage so results can be unrealistic especially in a forex trading strategy such as that used by Happy Martigrid where the slightest of price differentiation can cause problems. For best possible trading conditions, I would use an ECN forex broker as I find they tend to have decent execution speeds and plenty of liquidity providers (LPs) with good bid/ask pricing.
Happy Martigrid Back Testing
The official Happy Martigrid website does have 99.9% modelling quality back tests over the mid-long term. 99.9% modelling quality means real tick data was used although I would like to have seen if real spreads, real commissions and real slippage were used during the Happy Martigrid back testing.
Happy Martigrid Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Martigrid Summary
Happy Martigrid is a forex robot that is designed to be targeted at a specific type of trader – the high risk trader who understands the dangers of a martingale / grid strategy but is willing to accept them. Personally, this is not a trading system for me. Happy Martigrid is available to buy as part of the Happy Forex robot package and includes full support, free updates, instructions and a money back guarantee.