Happy Algorithm PRO uses correlative deflection measurements for identifying profitable orders. It is an FX robot designed mainly to cater to traders of all experience levels. It can trade on big client accounts running on the Metatrader terminal.
Happy Forex company is the creator and promoter of this FX EA. The company is reputed for its diverse range of successful robots since its inception in 2016. Other noted systems of the FX firm are Happy Way, Happy Neuron, Happy Martigrid, and more.
A good reputation of the developer and stellar performance are some of the important criteria to look for in an FX robot. There are several more such factors you need to verify before you purchase a system. Most traders find the selection process daunting due to a large number of verifying factors. Fortunately, we have done all the analytical work for you. All you need to do to find the right FX trading tool is to look at our list of the best FX robots.
Happy Algorithm PRO overview
Some of the key features of this FX robot that make it competitive in the market are:
- It is easy to install and use.
- The robot works 24/7 .
- It can automatically detect quotes of 4 or 5 digits.
- The FX EA is fully automated.
- It works on the Metatrader 4 platform.
- You can use a micro, mini, or standard account.
- A minimum deposit of $1000 is needed for a micro account of 0.01 lot size.
- The minimum deposit for the mini account of 0.1 lot size is $10,000.
- A minimum deposit of $100.000 is needed for the standard account of 1 lot.
- This ATS works on the EURUSD and USDCHF pair using the D1 timeframe.
You can buy this FX robot for €299 (for 2 licenses) or €499 (for 5 licenses). An additional discount of 30% is present on the pricing. The cost includes 9 other EAs of the Happy Forex company. Features you get with the package besides the software license are a user guide, free updates, free upgrades, and an unlimited number of demo accounts. The vendor provides a money-back guarantee of 30 days. When compared to the market average, we find the price is very affordable.
How it works
On purchase of the software, you need to install and run it on your MT4 account. After you have configured the settings as per your risk levels, the robot takes over the trading for you. It uses special algorithms to identify the precise entries and exits.
This FX EA uses the correlative deflection measurement as its main trading approach. It also measures setting performance and performance a statistical analysis to obtain the suitable SL and TP levels. As per the vendor, the robot measures the valid price deflection of a specific correlative pair and shows the difference in the form of a line. A specific limit is set for the close and when this is reached, the robot trades and close the order after the price returns into the middle value
A real live USD account verified by the myfxbook site is present for this FX robot. The account using the ForexMart broker and the leverage f 1:500 on the MT4 platform is shown here:
From the above screenshots, we can see a total profit of 39.03% is generated by the EA with daily and monthly profits of 0.12% and 3.84% respectively. A drawdown of 66.49% is present for the account that started in June 2021 with an initial deposit of $1,500. While the high drawdown indicates a risky approach, the growth curve shows a steady upward incline indicating a profitable system. Further, the lot size of 0.01 indicates a low-risk setting. The equity curve shows a downward trend but has rallied in the end denoting a recovery made possible by proper risk management.
Unfortunately, we could not find user feedback for this FX EA on reputed third-party sites like Forexpeacearmy, Trustpilot, etc. However, we found positive reviews for the Happy Forex company on the Trustpilot site with a rating of 4.5/5 for 13 reviews.