I was intrigued enough by the chart on the Happy Forex website that I grabbed a copy and put it straight to the test.
Although this is not a martingale EA, it does use reinsurance positions which means it will place more positions in the same direction, but without increasing the lot size. Reminds me a bit of Probability EA.
On top of this the entry signals are backed by some good technical analysis.
Draw down will be the tell tale sign with this one, i.e. how much do we have to endure… let’s see…
Test 1: Vendors Strategy Test
2009- March 2011 Strategy Test results using 0.01 Lots per trade.
View full 2009-2011 Strategy Tester results
Test 2: Live Test (ended)
Currently running Happy Forex on Alpari UK, testing started on 8th November 2011. Current results are as follows:
Test 3: Live Test 2
Currently running Happy Forex (version 1.4) on Alpari UK, testing started on 1st July 2011. Current results are as follows:
Update 12th February 2012:
- Did perform well for a while, but stopped closing trades. This may have been technical or system related. Either way, its draw down has grown to a point where this EA is too risky for me. Some may find better results if it’s a technical bug that is causing the DD issue.
Note, the Happy Forex site is not in English, while the manual for the EA is. To navigate the site, use your browser translation tool (Chrome has a good one).