In this post I will be reviewing the Happy Martigrid forex robot from the developer “Happy Forex” who have a great name and a vast array of forex robots which I have previously reviewed including the Happy Gold forex robot. As the name suggests, Happy Martigrid does indeed use a potentially dangerous martingale/grid based strategy which basically means that multiple orders can be open at once with increasing lot sizes. This type of money management strategy can cause large drawdowns and potentially blown accounts / margin calls so please be aware of this if you opt for such a system that Happy Martigrid uses. In saying that, there are forex traders who are happy (excuse the pun) to use such money management strategies and fully understand the risk. The Happy Martigrid myfxbook verified real trading account at the time of me writing this review shows a modest 60% gain in around a year with low drawdowns, so despite the potential risks, a 60% annual gain isn’t too bad if you are willing to go with a martingale / grid strategy.
Happy Martigrid Trading Strategy
As mentioned in the introduction, Happy Martigrid uses a martingale / grid based money management strategy which means that it has the potential to cover and recover from losing trades whilst turning a profit provided that the risk exposure and lot sizes used does not become to great and lead to a margin call or stop out, aka a blown trading account! I would say try this on a demo account first to get an appetite of the risk and certainly use a very low lot size to allow the lot compounding. Although, forex demo trading account conditions will vary greatly from real live account feeds. Demo accounts tend to have better spreads and less slippage so results can be unrealistic especially in a forex trading strategy such as that used by Happy Martigrid where the slightest of price differentiation can turn a winning strategy into a losing one. For best possible trading conditions, an ECN forex broker should be considered.
Happy Martigrid Back Testing
The official Happy Martigrid website does have 99.9% modelling quality back tests which show good returns and acceptable drawdowns over the mid-long term. 99.9% modelling quality means real tick data was used although I would like to have seen if real spreads, real commissions and real slippage was used during the Happy Martigrid back testing.
Happy Martigrid Live Results
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Happy Martigrid Summary
Happy Martigrid is a forex robot that is designed to be targeted at a specific type of trader – the high risk trader who understands the dangers of a martingale / grid strategy but is willing to accept them for the potential rewards. Happy Martigrid is available to buy as part of the Happy Forex robot package and includes full support, free updates, instructions and a money back guarantee.