Happy Neuron is a forex robot created by the team over at Happy Forex. The Happy Forex website has a selection of commercial forex robots including this one, and some others that I have previously reviewed, including 2 of their most popular offerings, Happy Gold and Happy Market Hours among others. Happy Neuron has been developed to run in the popular MetaTrader desktop platforms. If you don’t already have it, you can download MetaTrader free of charge from most forex brokers.
In this Happy Neuron Review, we will look at some of its key features and trading results, to try and help you decide if it is a forex robot you would consider using on your trading account. Let’s get into it!
What is Happy Neuron?
Happy Neuron is a fully automated forex trading system. This means that it does all of the technical analysis of the forex market automatically on behalf of the user. It has a built-in algorithm that combines various methods of analysis to try and determine market direction. Happy Neuron can enter, manage and exit trades without any human intervention.
The Happy Neuron expert advisor trades on over 25 currency pairs. It contains several modules based on recurrent neural networks in order to determine market sentiment analysis with news filter. As a result, the EA takes a frequent number of trades.
I find that when trading on a frequent basis, an ECN forex broker can help to save on trading costs. This is due to the lower commission fees, tighter spreads and quicker execution speeds that they can have compared to market maker brokers. ECN brokers usually combine together liquidity providers into a liquidity pool, matching traders with the best available bid/ask prices at any time. The lack of dealing desk intervention should also mean less conflict of interest between both parties.
The develop states that the Happy Neuron forex robot has been developed for the following currency pairs: AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY.
I would personally prefer to trade the major currency pairs such as the EURUSD and GBPUSD. Why? Because I find that they tend to have the most liquidity the majority of the time. This can mean good market movement and lower trading costs in the long term. I think it is easier to master a few fx pairs rather than trying to understand them all. As the old saying goes, “Jack of all trades, master of none”.
How to use Happy Neuron?
Users can simply follow the provided instructions guide to quickly and easily setup Happy Neuron on their charts in MT4. You can load it directly onto the currency pairs and chart timeframes that you wish to trade.
In saying that, the developers recommend the afore mentioned currency pairs and 4-hour chart timeframe. I like the fact that it trades on a higher timeframe compared to the 1-minute, 5-minute or 15-minute charts. From my experience, lower timeframes can contain a lot of market noise and make it more difficult to try and pinpoint which direction the market is moving.
The Happy Neuron settings are fully customisable so they can be adjusted to your own preferences. You may also use the Happy Neuron EA with the default settings, just make sure you select a suitable lot size.
Happy Neuron Features
Now that we have covered what Happy Neuron is and how to use it, lets take a brief look at some of the Happy Neuron EA key features:
- Compatible with the MT4/MT5 platforms
- 100% fully automated forex trading strategy
- Built-in unique trading algorithm
- Fully customisable money management settings
- Unlimited number real/demo of accounts
- Supports ECN brokers and FIFO rule
- Autodetection of 4/5-digit quotes
- Quick and easy to install
- Compatibility with any MetaTrader forex broker
- 25 currency pairs
- 4-hour chart timeframe
- Free updates and upgrades
- 30 days money back guarantee
- Option to purchase individually or as EA package
Happy Neuron Back Testing
Back tests show us a rough idea of how a forex robot may have performed over historical data. Whilst they are by no means 100% accurate or a reflection of future results, they can provide as with statistical data to analyse aspects of an individual trading system.
Unfortunately, there are no back tests provided for the Happy Neuron EA. This is disappointing as I would have expected the Happy Forex team who have been in the forex industry for quite a while now, to at least share a few back tests for potential users to get a better idea of how Happy Neuron operates.
Happy Neuron Verified Results
I am pleased to see that the Happy Forex team have kindly shared some real Myfxbook verified trading accounts that are actively running the Happy Neuron EA. However, I am disappointed with the drawdowns that it is currently experiencing. For that reason, I would have to say that this particular forex robot is too risky for my taste.
It seems that they are leaving losing trades open in the hope that they will eventually turn back into a favourable direction. The problem with this is that more often than not, I see a scenario where trades get left open to the point of no return.
This can lead to margin calls and stop-outs if the trader is not careful. It is of course imperative, that you have a clear understanding of the significant risks involved with trading forex using any automated or manual strategy for that matter.
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Neuron Summary
Overall, I feel there is a room for improvement with the Happy Neuron robot in my humble opinion. There is not enough data from the verified Myfxbook accounts or any back tests, for me to be able to gain confidence in using it on my trading account. I would consider using it on a demo account at best, but even then, the risky money management strategy that can cause large drawdown, is just not for me. That being said, if you are curious to find out more, please feel free to visit the official Happy Neuron website by using the link below.