In this post I will be reviewing the Happy Forex Robot. The Happy Forex website offers a few forex robots including this one, and others that I have reviewed such as Happy Gold and Happy Market Hours among others. This is a fully automated forex trading system that runs in the popular MetaTrader 4 (MT4) platform which is free to download. It can place and manage trades on behalf of the user. 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 Forex Trading Strategy
The Happy Forex Robot uses a grid strategy which can be dangerous. Technical indicator analysis is used to determine the market entries and it can run on multiple pairs. For the most competitive spreads I would personally use an ECN forex broker as I find that they can have some of the best possible execution with minimal slippage.
Some key features of the Happy Forex Robot include a news filter to try and avoid trading around news releases which can cause a spike in the market movements (and high spreads/slippage), maximum spread filter, minimum equity risk management, maximum loss risk management, open orders limitation and other useful features.
Happy Forex Back Testing
Happy Forex does have limited back testes on the website. It would have been useful for potential users to see 99% modelling quality back tests using Birts TDS in the MT4 strategy tester. This could have given an idea of the historical performance but of course would be no guarantee of future performance. For the upmost accuracy, back tests can be conducted using real tick data, variable spreads and including commission, swaps and slippage.
Happy Forex Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Happy Forex Summary
The Happy Forex Robot is a fully automated trading system that runs on the MetaTrader 4 trading platform and can be used by any trade by following the simple to understand instruction manual for a quick and easy 5 minute setup.
Happy Forex Robot includes instructions, license for your trading account, free support, life time updates and a money back guarantee so you can test it for a while to see if it is suitable for you.
They have a bundle option where you can get all their forex robots in a package for a very reasonable price. Visit the Happy Forex Robot website to see the latest results and for more information.