Good day, dear readers. Today we will return to the manufacturer, which we already wrote about in our reviews earlier: Happy Forex.
His portfolio includes 11 products, one of which is Happy Frequency EA. After reviewing the rest of the company’s products, we have the impression. that this is their main trading robot. Let’s look into it in more detail.
So, if we decide to buy Happy Frequency EA we’ll get 2 or 5 licenses for €300 and €500. For this money, the EA includes 10 services excluding Happy Gold. Every service allows, you make more correct decisions and provides much of analytics and signals.
The most important block about Happy Frequency’s futures and performing looks like: “The robot combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. All strategies protect with News filter. It is designed to work with USD/CAD, EUR/USD, EUR/GBP, EUR/JPY, EUR/CHF, GBP/USD, AUD/USD, USD/CHF, and USD/JPY. The EA trades on the M5 timeframe. It needs to run 24 hours a day, so a VPS is suggested.”
The robot needs at least $4000 on the deposit to get started. The seller provides 30-days money-back guarantee, automatically free renewed lifetime license.
Happy Frequency: To Trust or Not to Trust?
The presentation is quite honest. We’re offered nothing special but stable EA which includes ten different products to make our trading experience good, and profit stable. We’d like to see how this is connected to reality.
Good trade results
Let’s take a look at Happy Frequency official account on myfxbook. The robot runs a real USD account with Fort Financial Services as a brokerage company on the MetaTrader 4 platform.
The account has been funded for almost $20000. During a year and a half, the robot managed to grow it to $34400. Daily gain is 0.63%, the monthly one is 20.67% The total account gains are equal to 1974% which’s so much, as for this period.
As you can see in the 2019 year gain has been quite low compared with 2018 and has been set on +98% that is (-845% from 2018). It looks like some patterns or the robot performing has been changed.
There have been performed 7556 trades 55058 pips, where 75% of them have been won, 25% lost. Longs won has been in 74% of cases, shorts in 76%. The average trade length is three days.
As we can see from the chart of 2018-2019 years performing as far we go as lees profit we get. It goes from 60-20% in 2018 to 3-5% in summer-fall 2019.
The amount of currency pairs that have been traded varies depend of the month.
Very high Drawdowns
Even with the low-risk trading (10% loss size has chances less than 0.01%), the drawdowns are overwhelmingly high and equal to almost 74%.
Enough level of Transparency
The account runs with enough level of transparency to showing to use every data and chart we’re able to need.
Conclusion: To Trust or Not to Trust?
It’s hard to say for sure about Happy Frequency. If with Happy Gold everything has been clear, Happy Frequency is another case. So, what we got. High profitability with low-risk trading and 70% of drawdowns. It’s completely up to you about making the final Shakespeare decision to buy or not to buy. We’d just want you to try it for at least a 30-days money-back guarantee period on the demo account in order to be sure it’s the robot you can entrust your funds. As well, you’d ask the developers directly why the robot’s monthly profitability goes down after brilliant 2018 and solid the first part of 2019.