Happy Gold EA is a breakout scalping EA that works on the XAUUSD pair.
This EA does not use grid trading or martingale methods.
Happy Forex full pack (10xEAs) includes Happy Gold EA.To get Happy Gold EA, you need to purchase Happy Forex full pack (10xEAs).
| Happy Forex full pack (10xEAs) | EA Happy Frequency, EA Happy News , EA Happy Gold, EA Happy Forex, EA Happy MartiGrid, EA Happy Way, EA Happy Market Hours, EA Happy Algorithm PRO, EA Happy Fast Money, EA Happy Trend |
| Price | € 699 |
| License | 2 Licenses/2 Real accounts + Demo accounts are unlimited |
| Currency pair | Depends on EA |
| Terminal | MT4 (bonusMT5) |
| Money back guarantee | If the conditions specified by the vendor are met, 30 Days Money back guarantee available. |
Live performance (forward test results)
Happy Gold EA vendor publishes results for both demo and real accounts.
The demo account has shown excellent results.
Although the real account is profitable, the results are inferior to the demo account.
However, it is great to see good results even with real accounts.
Trading Strategy of Happy Gold EA
If I were to describe Happy Gold EA in one word, it would be “Breakout Scalping EA”.
breakout strategy
A breakout strategy is a method of entering at the timing of a break from the high or low price over a certain period of time.
From the MT4 trading history chart below, you can see that Happy Gold EA entered at the timing when it broke the previous high price (about 10 hours ago).
■XAUUSD 30 minute chart White=Buy entry Red=Sell entry
The MT4 trading history chart below shows two buy trades and one sell trade, each executed using a breakout strategy.
■XAUUSD 30 minute chart White=Buy entry Red=Sell entry
Entry in the direction of the trend
The MT4 trading history chart below shows how to make a buy trade in an uptrend.
■XAUUSD 30 minute chart White=Buy entry Red=Sell entry
Entry point filter
A breakout strategy bases its entry on the high and low prices of a certain period of time.
For example, if the market is in an uptrend, the price will continue to rise, so it will constantly update its high prices.
If it were a simple system, it would always execute trades during an uptrend. Such EAs tend to show poor performance.
On the other hand, Happy Gold EA does not always enter in trending markets.
Enter after the price has moved in the opposite direction for a certain period of time.
From the MT4 trading history chart below, you can see that in an uptrend, a buy entry is made after the price falls once.
■XAUUSD 30 minute chart White=Buy entry Red=Sell entry
This entry filter helps increase trading accuracy.
Range market filter
EAs with breakout strategies will experience continuous losses in range markets. In a range market, the price reverses around the previous high and low.
Since the market is often in a range, simple breakout EAs often show poor performance.
On the other hand, Happy Gold EA may have an excellent range market filter function.
The MT4 trading history chart below is a range market. You can see that there are no sell entries despite breaking the previous low price.
■XAUUSD 30 minute chart White=Buy entry Red=Sell entry
If Happy Gold EA has a range market filter function, it can avoid continuous losses in range markets.
Happy Gold is a very tight scalping EA
Happy Gold EA trades targeting a very small pips width.
The MT4 trading history chart below is the most enlarged display of the 1-minute bar.
After opening a position, it is closed immediately.
■XAUUSD 1 minute chart White=Buy entry Red=Sell entry
Below is a list of some of the trading history of Happy Gold EA.
Stop loss is fixed at 259 pips.
259 pips is a huge value for major currency pairs such as EURUSD and USDJPY.
On the other hand, 259 pips for the gold XAUUSD pair is a very small value.
The trading history chart screen above also shows a stop loss of 259 pips. You can see that it is a very small price change.
Take profit is not a fixed value. Take profit is executed in pips even smaller than stop loss.
Most notably, most take profits are made within 30 seconds of entry.
This shows that the Happy Gold EA is a very tight scalping EA.
Problems with Happy Gold EA scalping trade
Happy Gold EA targets a tight pips width in a very short time.
The problem with the Happy Gold EA is that the results vary greatly depending on the environment in which the EA is run.
Useful articles; Scalping EA – Must read to decide whether Risky or profitable
Results vary depending on the broker used
Spreads and commissions vary depending on the broker. If trading costs such as broker spreads and commissions are high, the profits earned by Happy Gold EA may be offset by trading costs.
Also, the execution speed and slippage that occur differs depending on the broker.
Slippage is the difference between the price at which the order was placed and the actual execution price.
The broker’s execution speed and slippage have a huge impact on Happy Gold EA, which accumulates small pips of profit.
Results vary depending on account type
Demo accounts and real accounts have completely different environments. In general, real accounts are more prone to slippage and execution delays than demo accounts.
Even with the same account type from the same broker, real and demo accounts will give you different results.
With Happy Gold EA, which accumulates profits of small pips, the results obtained in the demo account and the real account are very different.
According to the forward test results published by the vendor, demo accounts have overwhelmingly better results.
Distance from FX broker’s server
Also, the location of the terminal running the EA and the physical distance from the broker trade server are important.
If the distance from the broker’s trade server is far, the communication time will take approximately 100ms to 500ms.
Although it is a small amount of time, it makes a big difference in the results of this scalping EA.
Backtest results of Happy Gold EA
| Test start | 2014/1/1～ |
| Test end | 2018/04/04 |
| Operation period | 51months |
| Initial deposit | 1,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 5,900 |
| Total net profit | 4,900 |
| Rate of return (overall) | 590.0% |
| Monthly rate of return (compound interest) | 3.5% |
| Monthly rate of return (simple interest) | – |
| Relative drawdown | 7.9% |
| Maximum drawdown (amount) | 243 |
| Profit factor | 2.49 |
| Winning rate | 86.2% |
| Total trades | 805 |
The backtest results published by the vendor are approximately 4 years (51 months).
The backtest results of scalping EAs are not very helpful, so you need to judge whether the EA is good or bad from the results of real accounts.
This is because the backtest environment and the real account environment are very different.
As we have already explained, the results are different for demo and real accounts.
Even more so in backtest environments and real accounts.
Vendor of Happy Gold EA
Happy Gold EA is sold by Happy Forex.
This vendor sells various EAs such as Happy Bitcoin, Happy News, and Happy Neuron.
Conclusion of Happy Gold EA
The Happy Gold EA has achieved excellent results in forward tests, especially on the demo account.
This is because this EA performs a good breakout entry.
Each position has its own stop loss, so the risk per trade is low.
Grid trading and martingale methods are not adopted, so the account balance will not drop to 0 all at once.
Vendor forward testing has shown good results even with real accounts. This is very nice.
However, please note that this is an EA that performs very tight scalping, so results may vary greatly depending on the operating environment.
The brokers used for real accounts are TMGM and VT MARKET. On the other hand, the demo account is IC MARKETS.
IC MARKETS real account results are not published. Maybe the vendor is not getting good results with IC MARKETS’ real account.
Happy Gold EA is a great EA, but it may not give you the same results as the forward tests performed by the vendor at your broker.
