Since its inception in October 2018, Happy Gold has been carving a niche for itself in the world of automated trading. This robot is part of a bundle known as the 10 Happy Forex robots, offering a sophisticated approach to trading the XAU/USD pair.
Packages and Pricing Options
Happy Gold is accessible through two main packages:
- The EA’s Happy Forex Full Pack offers 2 live accounts, unlimited demo accounts, a complete setup tutorial, 24/7 support, free lifetime updates, a 30-day money-back guarantee, no expiry, no broker or computer restrictions, plus bonus happy indicators PRO and the Happy Gold MT5 version, all for €209.30.
- Another version of the EA’s Happy Forex Full Pack includes 5 live accounts and all the aforementioned features for €349.30.
Trading Pairs and Timeframes
Happy Gold specializes in trading the XAU/USD pair, primarily on the M30 timeframe, though it’s flexible to accommodate M15, H1, and H4 setups as well.
Trading Strategy Insights
Utilizing a trend-based strategy, Happy Gold employs the zigzag indicator for technical analysis, aiding in identifying support and resistance zones and predicting breakout levels. It maintains a single open trade at a time, equipped with a fixed stop loss and a dynamic take profit that adjusts to market conditions. Optimal performance is achieved on an ECN broker known for tight spreads, low commissions, and swift execution speeds.
Backtesting and Live Results
Throughout its development, Happy Gold underwent extensive backtesting in the MetaTrader 4 strategy tester, achieving 99.9% modeling quality. However, it remains uncertain if factors like spreads, swaps, commissions, and slippage were accounted for in these tests.
It’s crucial to remember that past performance, as shown in Happy Gold’s historical data, doesn’t guarantee future results. Trading online comes with its set of risks.
Customer Feedback
While direct comments from Happy Gold users on platforms like Trustpilot and Sitejabber are absent, its creator, Happy Forex, enjoys a favorable reputation with a 4.6/5 score based on its EA offerings.
Conclusion
Happy Gold stands out as a premier choice among the Happy Forex robot suite, offering impressive results with minimal drawdowns. Its strategy, leveraging the zigzag indicator for thorough market analysis and secure trading with a one-trade limit and dynamic take profit settings, marks it as a potentially valuable asset for traders. Despite the positive feedback and verified results by Myfxbook, prospective users should approach with an understanding of the inherent risks of online trading.
For more insights on forex prop firms and trading strategies, visit our website or explore our comprehensive list at allproptradingfirms.com/list/.
