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Happy Gold EA Review: Is Happyforex.de/happy-gold/ a Scam?

Happy Gold EA Review: Is Happyforex.de/happy-gold/ a Scam?

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Happy Gold EA (Happyforex.de) review is out after mixed reactions from different users. Some claim that the robot is mimicking a demo account while others claim it works. It is the reason why we had to investigate the platform and find out for ourselves. The vendor claims to have found the perfect strategy for investors. These developers claim to use a scalp/swing strategy with modified zigzag indicators. Users should note that the vendor insists that the bot works perfectly on XAU/USD.

Happy Gold EA Review

About Happy Gold EA

The platform comes from a long list of products offered by the Happyforex.de team. Some of the products found on their website include Happy Breakout and Happy Algorithm Pro. All these are expert advisors, and the vendor has a total of 12 robots on sale. What is clear is that the vendor is using one sales page for all their products. From what we can see, the vendor tries to explain how the robot works using indicators and a video.

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Happy Gold EA is a robot that has one major issue; there is no testing from third parties. Anyone who buys the product is supposed to trust what the developer claims. And this is the first problem we noticed with the platform. Another issue is with their presentation, which is a bit too much. Before exhausting all the information on the product, users are bound to get tired. The developer should have made the robot’s information easier.

Assets covered by the robot

The robot only works best with one currency pair, XAU/USD. We learn that the platform uses the M30 timeframe and H1/H4 charts. There are modified zigzag indicators that connect and track extreme points of the chart. These developers claim to have used 99.90 percent optimization of MetaTrader. With the stabilization, they promise stability and profit, which is another problem. With the high ROI, users who sign up end up having high hopes that the robot fails to deliver.

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Business owner/proprietor

Despite the vendor having a unique website, their information remains scanty at best. We have no information about who they are or where they are located. There is no mention of the head of the team, which is a huge problem. The homepage does not disclose any information on who exactly is the leader. It means we are dealing with an anonymous trading platform, which is a risk. When it comes to trading, the best way is to have a tool that is recognized by the community. Anonymity is the last feature you want in an investment and trading online tool or service provider.

Comments from users

HappyGold EA User Comments

As far as the comments go, we have seen varying comments from different users. Some back the robot as being fair, yet they provide no clear proof of using the robot. Others claim that the robot acts as a demo account and is not legitimately making any profit. One such claim comes from a user by the name Hans who vehemently labels the robot as a scam. He claims the results are generated with scripts, and the robots don’t earn. The information could only be verified if the developer offers a live trading performance. And this is where we have to caution users in regards to the robot.

Domain insights

When it comes to their website information, we learn that their servers are located in Plague. It is an indication of who is actually behind the platform. As far as the exact date the site went live, and we could not determine it. What we do know is that there have been a total of four IP changes over the last seven years. It means that the robot’s website could have changed ownership more than once. And this is damning information considering the robot is not able to mention their actual location. There is no business address of this robot or its headquarters.

Features of Happy Gold EA

Happy Gold EA Backtest Results

The robot only uses one currency pair. XAU/USD, and the available strategy is scalp/swing. As mentioned earlier, the available timeframe is M30, H1, and H4. The original price of the robot goes for $299 and $499. As of posting this HappyGold EA review, the vendor claims to offer a 30 percent discount. There is no grid, hedging, or martingale on this robot. Other features include auto quotes detection four or five digits. The bot is compatible with MT4 and MT5 trading platforms.

Happy Gold EA License and Registration Status

Anonymous vendors will do or say anything to make their robots appear genuine. On their homepage, just below the YouTube video, one can see their claim. The robot’s owners claim that the IFSC regulates the robot. We checked with the International Finance Services Commission for confirmation. The regulator claims Happy Gold EA is NOT yet licensed to offer their products or services to investors.

Even with their claim of having a license, they fail to back it up with valid documents. A real vendor would post copies of their license certificate for all to see. Without even having a license number, the vendor claims to have a valid license. These are false and unsubstantiated claims that have no footing. There are not enough details to convince us that their robot has been regulated. And this is where we draw the line as it is clear the platform is operating under pretense.

Pros and cons of Happy Gold EA

Available accounts

Happy Gold EA is furnishing users with an ECN account, which they fail to give full details. The quoted minimum deposit is $100. From what the vendor claims, a minimum deposit of $300 is enough to make a right profit margin. These accounts come with features such as spreads from 0.0 pips and volatility protection. There are bonuses offered, and users get customer free indicators. What we have seen is a vendor who fails to inform users of the full account features.

Contact and support

One can see that the vendor has a chat box at the bottom right-hand side of their homepage. The homepage also has a contact page that has a message board. Users are to leave their message with an email address and wait for a response. The problem with this type of communication channel is that it is a one-way process. There is no direct communication with the vendor or support staff. For those who have issues with installation, they have to figure it out on their own.

Results and trading performance of Happy Gold EA

Happy Gold EA Results

What is weird with their myfxbook trading performance is that it is a demo result. The performance we witness from myfxbook points to a demo account. And this is the reason why we have to insist on avoiding this robot. There are several backtests that shows a robot that makes a 95 percent profit margin. According to backtests, the robot has a five percent risk feature. With a demo account, it means that these are simulations and not real trading performance.

Scam or Legit Happy Gold EA

After checking the entire platform, Happy Gold EA is sadly a scam. There are no real trading performances to prove that the platform works. With the vendor coming out as an expert with several products, they should have done better. Once they come up with valid trading results from a real account, we can change our stance.

Bottom line

There is no way we will recommend a robot that offers a demo account as trading performance. It would be suicidal to invest in a platform that claims to have a guaranteed 95 percent profit expectation.

Make the right move today and use robots that have a recurring user base. With the entire trading community backing these robots, it is the best and safest way to trade. The robots protect your investment and offer valuable trading knowledge.

Our entire trading team wishes everyone a happy and prosperous trading experience.

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