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Saturday, 02 July 2022
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Happy Gold Robot Review
Happy Gold Robot Review

Happy Gold Robot Review

Watch the testing video here:

 


Happy Gold does not implement the risky grid and martingale strategies. It works on an ECN account with a minimum deposit of $100. The robot comes with multiple live account results to verify its performance. We will go through each detail of the system so that you can know if it works or not.

The company fails to give us any insights into the developers. We only know that the EA is developed by Happy Forex. 

Happy Gold at a glance

Trading Platforms

MT4 

Currency Pairs

Gold

Strategy

Scalp, swing, and news grid 

Timeframe

M15, M30, H1, and H4

Recommended Deposit

$100

Recommended Leverage

N/A

Money Management

Yes

Happy Gold functionality

The robot has the following features:

  • It does not use grid and martingale strategies which are dangerous
  • It comes with support for ECN brokers and detects 4 and 5 digits automatically
  • It can be installed easily

There are filter spread, virtual stop, and stop-loss settings that can be modified. 

Happy Gold trading strategy tests

The developers state that the robot can use multiple strategies, including scalp, swing, and grid news, using the zigzag indicator. It works best on gold at M15, M30, H1, and H4 charts. The zigzag indicator is responsible for tracking and maintaining a link between extreme points on the charts. we can see that the EA does use a scalping approach to trades. It can exit as high as 240 pips for both take profit and stop loss.


 

Backtesting results are available for multiple settings. For Happy Gold v1.5, the robot had a maximum drawdown of 11.13% and turned an initial deposit of $50000 into $161385.17. It had a winning rate of 22.88% with a profit factor of 4.48. The average amount of profitable trades was $326263.35, while the average amount of losing deals was -$107818.69. There were a total of 1676 trades executed during this period.

 

Backtesting records 

Happy Gold real trading results

The robot has had an average monthly gain of 19.27%, with a drawdown of 8.24%. The drawdown value is comparatively low in regards to the backtests and may increase in the future. There were 48 trades in total, with 96.42 lots traded. The expert advisor traded with a winning rate of 83% with a profit factor of 2.91. The best trade was $474.24, while the worst one was -$563.34. 


 

User reviews

Customer reviews are present on Forex Peace Army, which gives the company a rating of 3.542 for a total of 5 reviews. FPA has removed one of the reviews stating that it came from the same location as the company. Maybe the developers tried to increase their rating to attract traders. 

Customer review on FPA 

Happy Gold Review Summary

The Happy Gold robot uses a scalping approach to trades. This strategy requires fast executions and brokers with little to no spreads, which can be hard to find. It is better to test out the robot on a demo account before using it live.

2/5 

Total Score 

  • Functionality 

2/5 Bad 

The robot works on MT4. 

  • Trading strategy 

2/5 Bad 

The developer fails to provide good information on the strategy. 

  • Live Results 

2/5 Bad 

Live results show performance for a short duration. 

  • Customer support 

2/5 Bad 

Customer support is available only by contact form. 

  • User reviews 

2/5 Bad 

Only 5 customer reviews are available. 

The Good

  • It offers a 30-day money-back guarantee

The Bad

  • The live records are for a short duration
  • No transparency of developers
  • It only works on MT 4

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