MyFxBots

Happy Market Hours Review Introduction

Happy Market Hours is a scalper EA using identical 40 pips S/L and T/P limits with default maximum spread of 5 pips, basically designed for all types of traders in the Forex market including new users.

License

1 License for an Unlimited Number of Live or Demo Accounts, the Authors have Applied Yearly Renewal of the License Key After the First 30 Days Money-Back Period to Protect their EA from Mass Copying.

Broker Compatibility

The EA Supports ECN Brokers with Auto-Quotes Detection 4 or 5 Digits.
We recommend trading with Happy Market Hours on Tickmill, Alpari or IC markets Forex brokers via TradingFX VPS Forex VPS for the best stability and profitability.

User Guide

A Complete Tutorial is available including a User guide - English Version, Happy Market Hours - Installation.

Updates / Upgrades

Free Lifetime Update and Upgrade.

Note

On Purchasing a Copy of EA Happy Market Hours, you get Full Access to All Other Happy Forex Products including Happy Forex EA (3 trade set in 1 EA), Happy MartiGrid EA, Happy Fast Money EA, Happy Trend EA, Happy Way EA, Happy Algorithm PRO EA, Happy News EA, Happy Frequency EA, Happy Breakout EA, and Happy Gold EA All in One Package.

Refund Policy

30 Day Money Back Guaranteed by "Happy Forex".

Supported Currency Pairs

EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF

MT4 Chart Timeframe

M15

Happy Market Hours is a scalper Forex robot that is basically designed for all types of traders in the Forex market including new users. Happy Market Hours can trade on any account balance size with the MetaTrader application.

3rd Party Verified Forward Tests

Happy Market Hours v2.1 System by HappyForex | Myfxbook

Happy Market Hours v2.1 System by HappyForex | Myfxbook
Started On
Sep 01, 2013
Leverage
1:500
Account Type
Demo
Starting Balance
$5,000

Backtests

Version 1.8 Backtests - 99.90% - risk 5%

2011 - 2016 Happy Market Hours backtests for the supported currency pairs.

v1.8 - EURUSD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURUSD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURGBP - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURGBP - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - EURCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - USDCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - USDCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - USDCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - USDCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPUSD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPUSD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPCAD - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - GBPCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - CADCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

v1.8 - CADCHF - May 2011 to May 2016 - M15 - Dukascopy Tick Data - Real Spread - Risk 5%

Version 1.0 Backtests - 90% - risk 20%

Happy Market Hours v1.0 (GBPCHF) Strategy | Myfxbook
Happy Market Hours v1.0 (EURCHF) Strategy | Myfxbook
Happy Market Hours v1.0 (EURGBP) Strategy | Myfxbook

Trading Strategy

Based on scalping strategy, Happy Market Hours uses identical 40 pips stop loss and take profit limits, producing a theoretic a 1:1 risk-reward-ratio. This risk-reward-ratio may fall to 2:1 in backtests or even lower in live trading as the Happy Market Hours tends to close positions regularly after the market positions before S/L and T/P limits are reached. However, these limit values in the EA are excellent for a scalper.

The default maximum spread used by Happy Market Hours is 5 pips, such a spread - especially with minor currency pairs - is unreachable by any broker even during the active European or American Sessions. During the wider spread Asian Session, this limit could be breached easier.

Parameters

The older version of Happy Market Hours v1.1 has come with new modifications algorithm scalping strategy and settings updates after backtesting 99.90%

While the newer version of the EA v1.2 has added new setting parameters;

FFCal setting: A news filter that considers impact news releases, so that it prevents the EA from trading for a predetermined count of hours before or after a certain degree of this news release, low, medium, or high.

TrailingStop: Permits the EA to protect the profits with your positions

While the next Happy Market Hours v1.3 came with newer setting parameters; fix News Filter and news currency filter, so the EA became capable of reading Excel report files (.cvs), as when the page "http://www.forexfactory.com/calendar.php" is offline for any reason, FFCal may not respond, now it's not required anymore, the news filter enables you to choose the currency that news should be filtered for (USD, EUR, GBP, JPY, AUD, CAD, CHF, NZD, CNY)

The EA provides money management with the ability to edit the predetermined take profit and stop loss limits by the user, moreover, you can adjust the trading hours and trading activities can be limited on Fridays.

The next update of the EA v1.4 added a new setting to prevent opening trades on Chart Days that are set to false by changing the trading hours as setting "Monday" for example to "true" or "false".

Then in v1.5, the following improvements were added:

  • The EA source code was modified in a new MQL4 specified with strict compilation mode (#property strict).
  • Adding a new serial number generation system without using DLL, so the EA works faster when running it in front or backtests.
  • New settings were added: Fix Newsfilter, NewsFileNumfix CloseHour with new improved settings indicators for all pairs.

Later on v1.6 release, CloseHour had a fix in addition to new improved settings indicators for all pairs.

News Filter setup was first added in v1.7 of the EA with show lines on a chart:

Then in the final update of the EA v1.8, "FFCal Error - Web page download was not complete!" alarm had a fix.

Talk about Happy Market Hours


Chiang Tony Fri May 8th, 2020
does mean it will trade on ten pair?

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.

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