Happy MartiGrid EA at HappyForex.de is a Forex robot that is being promoted as stable and profitable robot. The question we are asking is whether a Forex robot that utilizes grid and Martingale trading styles can exhibit any signs of stable and consistent trading. Therefore, as we do this review, we will have to keep this in mind. The developer needs to convince us that they are implementing a risk mitigating approach because this style of trading has been associated with blown accounts ever since. It is akin to gambling and we cannot assume that this is something that will generate us consistent returns.
The software is being sold by HappyForex.de which believes that their 9 products were built to produce stable income. The products which they have created in the past include Happy Breakout, Happy Gold, Happy Market Hours, and many more. This team of developers need to elaborate more on their trading strategies because our reviews appreciates this explanation. This vendor is however not providing pertinent information about them. So we do not know what trading background they have. We have no idea who they are or for how long they have been developing trading software. We definitely need to see their trading history in order to believe that Happy MartiGrid EA can produce stable profits as claimed on the sales page.
To learn more or ask questions regarding this trading software, traders are encouraged to visit the sales page and contact them. There is no direct email and phone number. In the meantime, you can check out this page in order to find out what Forex trading resources we are recommending.
The developers of this trading robot gives us the following explanation. Martingale/grid strategy with technical indicators and with News filter.” They tell us that this expert advisor needs a lot of attention which we presume to mean that the user of this expert advisor will need to intervene by finding out what strategy is working best. If this is the case, then clearly these guys are already missing the point since an automated trading robot is supposed to work hands free. Outside of these few sentences, the strategy isn’t discussed in any real detail. Considering that this is a dangerous trading approach, we were hoping to learn much more about the trading strategy to understand how they are mitigating risk.
The developer of Happy Martigrid EA is frequently updating this software and that’s a good thing because the Forex market keeps changing a lot. With that being the case, an expert advisor will continue to perform well in the future as long as these updates are coming in frequently. In version 1.1, the vendor added the ability for traders to restrict trading time.
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In version 1.2, they made the system faster back testing, and added the news filter. In version 1.3, they put the news filter lines on the chart, and fixed a lot calculation issue. In version 1.4, they fixed a news filter issue, and added 5 different settings packages made up of “MaxProfitUSD, MaxLossUSD, MaxProfitPerc, MaxLossPerc, ProfitOrdersBeforeNews.” In version 1.5, they added the AUDUSD pair. In version 1.6, they added a 2nd Cal calendar. In version 1.7, they increased back test speed again, and finally added new multi pair settings in version 1.7.1.
This is a good thing because it shows that the developers behind this system cares about their clients and want to see that their product is working in all market scenarios.
Happy Martigrid expert advisor is built to trade several pairs which include AUDUSD, EURUSD, EURJPY, GBPUSD, USDJPY and NZDUSD. It is optimized to trade the 1 hour time frame and a the price of a copy of this expert advisor is $199. The Happy Forex team have included 9 other trading systems for the price of $199. Other than the user guide, the package comes with unlimited licenses for live and demo accounts, free updates and money back guarantee.
We need to talk about money back guarantees. First of all, before you buy a product, you should conduct your investigations to see whether or not it will suit your needs. You do not want to purchase a product hoping that you will ask for refunds when things fail to work. There are many resources on the internet that can help you know the nature of the product and you can always interview the developer and see whether they have designed a product that can generate consistent profits for you.
There are two trading performance proof items that the vendor has presented to us for analysis. They have back tests and a myfxbook account which is designed to help us see what the performance of this robot looks like in the long term. We no longer want to deal with back tests since these can be quite misleading these days. So let us just go with the myfxbook account results. The main account provided has been running since June 9th, 2013. This Happy MartiGrid EA account is showing a gain of 200%, with a drawdown of 22% over the course of 6 years. During this time, the software has placed nearly 3000 trades, with the average win coming in at 26 pips, and the average loss coming in at 72 pips. This is approximately a 3 to one risk reward ratio, which is acceptable by our standards. The average trade length is 2 days, and the system seems to be quite consistent.
We can see from the records that majority of the gains made by the Happy Martigrid EA were realized between 2013 and 2016. Even from 2017 to 2019, we can see that results have been stable and consistent. The software’s best month has yielded a return of only 0.98%. In the early years, the software was gaining between 4% to 17% monthly returns but this steady climb in returns has been diminishing ever since. That’s something worth taking note of.
Happy MartiGrid was built with a solid strategy as it has proved our assumption wrong. However, we still need to monitor it for some time. Right now you can purchase a robot here.
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