In this post I will review the Happy Trend fully automated forex trading robot developed by the Happy Forex team who have a selection of expert advisors (EA’s) available.
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 Gold, Happy Power, Happy Indicators Pro, Happy Japanese Market, Happy Galaxy EA and Happy Way.
For those who may not be familiar with the terminology, an EA is another name given to forex robots within the popular MetaTrader 4 platform which is the platform many automated systems have been designed for. The MT4 platform is free to download from most online forex brokers.
In order to use this forex robot, you will need a trading account with a forex broker. 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.
Happy Trend Trading Strategy
The Happy Trend EA works on high volatility along with a news filter and opens a maximum 1 trade per currency pair with an implemented money management system which attempts to capture the direction of the trend movement. I find that trend trading works best when you get into the trend as close to the start as possible and then hold on to the trade until the market makes a clear turn of direction. I wouldn’t really want to keep entering and exiting an established trend as it means you will need to pay the spread/commission multiple times and could end up leaving some pips on the table.
The EA uses a dynamic stop loss and take profit to try and adjust to current market conditions whilst it has been designed for all levels of trader due to its automated nature and fully customisable settings. You can use the Happy Trend robot with the default settings or experiment with your own ideas. If you do wish to create your own set files, you might want to start on a demo account to begin with and see how things go.
You can use the Happy Trend EA on any currency pair or time frame that you wish. I would personally use it on the higher chart time frames as I find that they tend to filter out the noise from lower time frames and can catch bigger trend moves which is important considering this particular forex robot implements a trend trading strategy.
Furthermore, I would utilise the major currency pairs such as the EURUSD and GBPUSD on an ECN forex broker. This is due to the fact that the major FX currencies tend to have lower spreads and more liquidity, thus potentially saving on trading costs long term and catching big trends.
Happy Trend Back Testing
The developers have shared an EURUSD 15-minute time frame back test over a 10-year period which is a good amount of time that covers various market conditions and gives us plenty of data to analyse and see if the Happy Trend EA is suitable. However, the back-test modelling quality is limited to just 90%. I would always expect to see back tests conducted in the MT4 strategy tester along with Birts Tick Data Suite using 99% modelling quality including real tick data, variable spreads, real commissions, slippage and swap.
The more experience traders may wish to optimise the Happy Trend EA to create their very own bespoke set files for various currency pairs and chart time frames. It should be noted that there are no guarantees on how any system will perform and historical results are by no means an indication of future performance. That being said, I feel like then can help to give you an idea of how a certain forex robot trades and will usually indicate if there are obvious flaws, such as high drawdowns due to poor money management.
Happy Trend Live Results
The Happy Forex team have kindly shared a real live verified by Myfxbook account so that we can see the latest Happy Trend EA results. This way, you can see how it has been performing in recent market conditions and see if it meets your requirements for an automated trading system. I would personally like to see a lot more data over a longer period of time. There are many other forex expert advisors that have years of verified results that you can choose from instead. To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Trend Summary
Overall, I am personally disappointed with the Happy Trend EA primarily due to the fact that a trend-based system should be aiming for long term success. I think it could be more selective with its trades and include additional filters. The EA could also be improved by including set files for some more currency pairs simply due to the fact that it does not trade that frequently and long-term trend entry opportunities do not always occur that frequently.
I have conducted many forex robot reviews and there are other alternative automated trading options that I would consider over this EA, especially if you are looking for a lot more action. If you don’t mind waiting to see progress and want something for the long term, you might want to consider first giving it a try on a demo account to see how things go.
Happy Trend includes instructions, support, updates and on option to be purchased as part of the Happy Forex EA package. It also comes with a money back guarantee and the developers are very easy to communicate with. They also have lots of other forex software that you can find by visiting the Happy Forex website using the link below.
- Fully Automated Forex Robot
- Customisable Settings
- Multiple Currency Pairs
- Multiple Chart Time Frames
- Trend Trading Strategy
- Verified Results
- Full Support
- Detailed Instructions
- Free Updates
- Money Back Guarantee
- MetaTrader 4 Only
- Infrequent Trading
- No 99% Backtests
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.