Happy Frequency assures high returns and minimal losses with its use of multiple strategies. As per the vendor, the system chooses its strategy based on the risk level setting. A news filter feature helps protect the capital and boost profits. This fully automated tool works on the MT4 terminal and supports nine currency pairs.
Happy Forex company is behind the creation and promotion of this ATS. The company is reputed for its wide range of expert advisors since it started in 2016. A team of developers and trade experts helps ensure users get maximum returns from the robots made by the company.
Vendor transparency, performance, support, and other aspects of an EA need to be looked into to ensure they are safe and reliable. But it is not possible to analyze each product available now. Fortunately, you need not worry about it anymore as our experts have compiled the list of the best products. All you need to do is have a look at our list of the best FX robots and choose a robot that suits your trading style.
Happy Frequency overview
According to the vendor, the key features that make this FX robot stand apart from its competitors are:
- It is a Metatrader 4 compatible tool that is 100% automated.
- Installation and use are simple and easy.
- You can use micro, mini, ECN, and standard accounts.
- The robot can automatically detect 4- or 5-digit quotes.
- This ATS offers ECN broker support.
- A minimum deposit of $4000 or 40 micro(cent) is required to use this ATS.
- The EURUSD, USDCAD, EURGBP, EURCHF, EURJPY, AUDUSD, GBPUSD, USDJPY, and USDCHF are the main currency pairs this FX EA works on.
- It uses the M5 timeframe.
To use this FX robot, you need to pay €299(2 licenses) or €499(5 licenses). The package includes 9 other EAs besides the Happy Frequency robot. A discount of 30% is given by the vendor along with a bonus indicator. The product has a 30-day money-back guarantee. Other features included in the package are a user guide, free updates, free upgrades, and unlimited use. When compared to the market average, we find the price is very affordable. Further, the presence of a refund policy shows the reliability of the system.
How it works
After purchasing the product, you need to install it in your MT4 account. The vendor provides a complete tutorial for the installation. Once the software is set up, you can use the unlimited demo accounts offered with the package before you start with real trading. The system works by placing high-frequency orders with the risk level and the appropriate strategy.
As per the vendor, this FX EA uses a combination of approaches including hedge, grid, trend, and semi-martingale. The selection of the method or combination of methods is based on the risk level you set up. You can find a combination, high, middle, and low types of risk levels. A news filter is used to prevent losses due to impact creating market news. No backtesting results are present for this FX EA.
A real live USD account verified by the myfxbook site is present for the account. The account uses the Orbex broker and the leverage of 1:500 on the MT4 terminal. Here are screenshots of the trading stats:
From the above data and graph, we find the system has generated a total profit of 100% with a daily profit of 0.11% and a monthly profit of 3.42%. The drawdown is 41.03%. From the growth curve, we can see the account has steadily increased since it started in July 2020. Despite the high drawdown, the increase in profits is consistent. This shows effective management of the capital and risk levels. A total of 5,568 trades have been executed with 81% profitability and a profit factor of 1.86. A lot size of 0.01 is used consistently showing the system does not indulge in high-risk approaches.
Unfortunately, we cannot find user reviews for this FX robot on trusted third-party sites like Forexpeacearmy, Trustpilot, etc.