Happy Fast Money is a Forex expert advisor that is compatible with multiple currency pairs. It works on the Metatrader 4 trading platform and according to the developer, is suitable for both new and experienced Forex traders.
The vendor makes a brief presentation on the official website, outlining all the relevant details about the system. We have a short introduction, followed by a list of all the latest updates. You can also find the minimum system requirements, features, settings, etc. Finally, there are the links to a couple of live trading accounts, one active and the other closed.
Happy Fast Money is a product from the Happy Forex team. This team, which is based in Germany, has been manufacturing Forex automated trading systems for over five years. Other products from this team include Happy Frequency, Happy Gold, Happy Neuron, Happy Breakout, Happy Power, Happy Galaxy, Happy Trend, Happy Way, etc.
Features
This is a system that conducts trades on a 24/7 basis. It is easy to set up and does not require any special technical skills to operate. Happy Fast Money supports ECN brokers and auto-quotes detection of 4 or 5 digits quotes. Since it is 100% automated, you don’t need to put in any manual efforts to earn profits.
The EA uses a combination of grid and hedge strategies. It opens an order with a buy and sell limit. Once the price touches the established limit, it executes the transaction. The compatible currency pairs are EUR/USD, GBP/USD, EUR/GBP, AUD/USD, USD/CHF, and AUD/USD. It is recommended that you load the EA on H1 charts.
How to start trading with Happy Fast Money
This robot can trade on large user accounts using the Metatrader trading platform. It runs on different operating systems like Windows, Linux, and Mac OS. You can use various types of accounts like micro, mini, or standard. The minimum recommended deposit to run this system is $5000.
For a micro account with a lot size of 0.01, you should use a $5000 deposit. However, with a mini account with a 0.1 lot size, you can get started with only $50. For a standard account with 1 lot size, the recommended deposit is $500.
There are two pricing plans for this EA. For two licenses, you need to pay 299 Euros, while five licenses cost 499 Euros. This is pretty close to the market average price for Forex EAs. The vendor is currently offering the robot at a 30% discount. Furthermore, there is a special offer where you get the Happy Forex Full Pack containing 10 EAs for free.
All users are eligible for free upgrades and updates. They also get a tutorial and an installation guide. You only need to pay for the license for the first month, after which it is automatically renewed for lifetime. The vendor offers a 30-day money-back guarantee as well.
Backtests
At this moment, we don’t have the historical test results for this expert advisor.
Verified trading results of Happy Fast Money
This is a real money trading account on Myfxbook that was launched on June 21, 2021. It conducts trades through the ForexMart brokerage using 1:500 leverage. After conducting 1075 trades, the profitability for this account currently stands at 72%. By maintaining such a high win rate, it has been able to generate a total profit of $1190.50. The account has experienced a total growth of 59.53%.
At this moment, the daily and monthly gains are 0.19% and 5.77%, respectively. The drawdown of 20.97% is not too high and the profit factor is quite decent at 1.70.
As you can see, the robot trades with a fixed lot size of 0.01. It holds each order for an average of four days. We can see that it is capable of generating steady profits without suffering major losses. The average win and loss are 35.20 pips/$3.75 and -47.38 pips/-$5.61, respectively.
Customer reviews
Currently, there are no user reviews for this robot on third-party websites.
Is Happy Fast Money a viable option?
Advantages
- Verified trading results
- Money-back guarantee
- Compatible with multiple pairs
Disadvantages
- No user reviews
Summary
Happy Fast Money is a reliable EA that has performed quite well in the live market so far. It is quite affordable and comes with ten other EAs. You can run this EA with different account types, so you don’t necessarily need a huge deposit to get started. Moreover, you have the protection of a refund policy.
