Happy News Review

In this post I will be reviewing the Happy News expert advisor (EA) which is yet another fully automated forex trading system for the MT4 platform that has been developed by the team over at Happy Forex.

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 Trend, Happy Gold, Happy Power, Happy Indicators Pro, Happy Japanese Market, Happy Galaxy EA and Happy Way.

For those of you who may not be familiar with trading terminologies, an expert advisor is a fancy name for a forex robot given by the popular MetaTrader 4 trading platform. MT4 is freely available to download from most online forex brokers.

I always prefer to use an ECN forex broker for the best possible trading conditions which includes tight spreads, completely low commissions along with excellent support and fast trade execution speeds. 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 News EA is suitable for traders of all experience levels as it can analyse the charts and place/manage trades on behalf of the user. You can simply set it up on your charts and it will do all of the trading for you. However, make sure you are aware of the risks involved with automated trading and you might want to make sure you are frequently checking the account to see how things are progressing.

Happy News Trading Strategy

As the name suggests, the Happy News EA incorporates a forex news trading strategy. The robot places pending orders in both directions in order to try and catch moves from news releases that can have a significant impact on the forex market.

The developer states that the news is automatically downloaded from reputable online places such as Forex Factory and then screened according to your needs and preferences. You can choose whether you want to see and trade all the news, or just the ones related to the current pair on the chart.

Moreover, there are several other filters, such as the impact the news is considered to have on the markets, whether or not the forecast outcome of the reports to be released should be different from the previous report (an indicator of a larger price movement expectancy), and others.

From my personal experience, the markets can be very volatile around news releases. This can cause spreads and slippage to be higher than usual. It can also mean price moves so fast that stops are not always executed at the required prices.

For this reason, amongst others, many traders decide to actually actively avoid trading around news releases. However, if you understand the significant risks involved with trading news releases and discrepancies between brokers price, you may wish to delve deeper into this particular forex robot.

Happy News Review - Screenshot
Happy News Review – Screenshot

Happy News Back Testing

There are no back tests shared by the Happy Forex team on the Happy News website although it may not be possible for them to implement the news releases into back testing along with tick data, commissions, variable spreads, slippage and swaps.

Back tests are not that accurate as it is already let alone without taking into consideration the significant volatility that can occur around news releases – it would be almost impossible in my opinion to accurately back test a news trading strategy due to important factors such as brokers slippage, spreads and available liquidity around news releases.

Happy News Live Results

Despite there being a lack of back tests, we do have a few verified trading accounts that are running the Happy News EA so we can see some real results. This is a great way to get a feeling for how the EA has been trading in recent market conditions. As expected, the drawdown is quite high on the accounts. I really feel like news trading is something that requires the ideal broker and market conditions to be worthwhile. In fact, there are many trading robots that have built-in economic calendars to avoid trading around the news because it can be such a volatile time. That being said, please feel free to take a look at the Happy News results in the graphs below. I was disappointed to see that some of the Happy News accounts had been stopped but it is better than nothing. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.

Happy News Summary

Overall, if you are an advocate of forex news trading then you may find this particular forex robot of interest. It is quite rare to find a forex robot that is dedicated to news trading so it is innovative in that sense. For me, news trading is too volatile and can be too sensitive to forex brokers trading conditions. Even if you correctly anticipated the market direction after every single news release, you could still miss out once spreads, commission and slippage are all taken into account.

I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA. I would instead look for something that has a combination of technical, fundemental and price action analysis. I would want it to trade based on logical entry and exits, whilst implementing sensible money management that ensures a favourable risk to reward ratio.

The Happy News EA comes with detailed instructions, full support, free updates and a money back guarantee. It can also be purchased as part of a forex robot package from the Happy Forex team. The developers are very easy to deal with and will be happy to answer all of your questions, no pun intended. Please feel free to visit the Happy Forex website by using the link below to find out more.

Happy News









  • Fully Automated
  • Multiple Currency Pairs
  • Verified Results Provided
  • Multiple Currency Pairs
  • Fully Customisable
  • Free Updates
  • Full Support
  • Detailed Instructions
  • Money Back Guarantee


  • MetaTrader 4 Only
  • Broker Dependant
  • Potentially High Drawdowns
  • Some Accounts Stopped