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
Currently running Happy Forex on Alpari UK, testing started on 8th November 2011. Current results are as follows:
Currently running Happy Forex (version 1.4) on Alpari UK, testing started on 1st July 2011. Current results are as follows:
| Current Floating Profit ($) | Total Balance ($) | |||
| 0.00 | 5310.75 | |||
| View our Happy Forex Demo Test Statement | ||||
Lab Result:
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).
i am HAPPY to see HAPPY FOREX EA in your lab.
uri
looks like crescendo bullshit ea with other settings, but maybe the settings are better
I would guess from the looks of the curve, that it gathers data at intervals and then optimises
Dear Sir
What happened to all the old data from july ??
Ahhh, it does that with new EAs. I will fix it shortly.
Fixed now.
thank you very much.
It seems to be the most stable robot on the net
The ea may sometimes hold on to many losing positions and you may see massive DD, which makes money management extrememly important.
is this an scalping EA? and is it better than Wall street forex robot?
No, it’s not scalping. More like a Martingale system but less risky. WSFR can’t really be compared to Happy, they are just too different. WSFR is less risky IMHO though.
It is now a new year Cam and Happy new year to you.
Have you any more thoughts or comments on the Happy Forex EA. I don’t want to waste time and cash on a poorly reviewed EA. Thanks and best to you.
HNY to you Bill T!
It’s been consistent, but does come with some draw down which I like to avoid as much as possible myself.
Setting 2
http://www.myfxbook.com/members/HappyForex/happy-forex-v14-real-setting/196126