Mon Oct 10th, 2016
EA Happy market hours is a scalper Forex robot that is basically designed for all types of traders in the Forex market including new users. EA Happy market hours can trade on any account balance size with metatrader application.
Based on scalping strategy, the EA 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 EA 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 the EA 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.
Happy Market Hours v1.8 - REAL (FortFS) System by HappyForex | Myfxbook
Happy Market Hours v1.8 System by HappyForex | Myfxbook
The older version of EA 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 latest EA Happy Market Hours v1.3 came with newer setting parameters; fix News Filter and news currency filter, so the EA is now 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 a 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.
Version 1.1 Backtests - 99.90% - risk 10%
2009 - 2013 Happy Market Hours backtests for some supported currency pairs.
EURUSD, spread: 2 pips, risk: 5%
EURCHF, spread: 3 pips, risk: 5%
EURGBP, spread: 3 pips, risk: 5%
GBPCAD, spread: 5 pips, risk: 5%
GBPUSD, spread: 3 pips, risk: 5%
USDCAD, spread: 3 pips, risk: 5%
USDCHF, spread: 3 pips, risk: 5%
Version 1.0 Backtests - 90% - risk 20%
Happy Market Hours Info Summary
Version Used: 1.8
Pairs: EURUSD, EURCHF, EURGBP, EURCAD, USDCAD, USDCHF, GBPUSD, GBPCAD, GBPCHF, CADCHF
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