Happy Fast Money is a grid/hedge-based EA that runs on the MT4 trading terminal. Any trader, both new and experienced, can use it comfortably. The system has been updated several times since its launch to the market. Now it includes new settings like MinProfit (order commissions and swaps), HedgeIncreaseMulti, HedgeAfter, etc.
Is Happy Fast Money still good to go?
The EA’s characteristics are highlighted below:
- It supports these currency pairs; GBPUSD, EURUSD, EURGBP, AUDUSD, EURCHF, and USDCHF.
- The system works on the H1 timeframe and supports ECN brokers.
- The EA comes with auto-quotes detection 4 or 5 digits.
- All account types are supported.
- The minimum trading deposit for a micro account is $5000. For mini and standard accounts, the recommended deposits are $50 and $500, respectively.
- It is compatible with Windows 7,8,10, Linux, and Mac OS.
Happy Fast Money is the invention of the Happy Forex Company. The vendor’s other products include but are not limited to Happy News, Happy Way, Happy Gold, Happy Trend, Happy Forex, and Happy Galaxy.
How to start trading with Happy Fast Money
This robot works with two distinct strategies—grid and hedging. The fundamental technique is to open a transaction based on the buy and sell limit. This means that the EA implements a trade if the price reaches the limits set.
The system offers 2 licenses at €299, while the price for 5 licenses is €499. Several features are incorporated in these packages. We have a user guide, a 30-day money-back guarantee, free updates and upgrades, unlimited demo accounts, and real accounts.
Happy Fast Money backtests
Backtest results are missing. This test is based on the premise that if the robot worked in the past, then it will show good outcomes in the future and vice versa. However, this may not always be the case because the past and current results produced by a system can be totally different.
The EA’s trading activities have so far led to the profit of $1279.56 from a $2000 deposit. As a consequence, the account’s value has risen by 63.98%. The daily and monthly profits are 0.19% and 5.95%, respectively. From the drawdown rate (20.97%) value, we can tell that the strategy is safe.
The implemented trades are 1127, and the average trade length is 4 days. To date, 67% of the long trades have been won, while 77% of the short ones have been successful. There’s a profit factor of 1.74, which means that the user gets nearly $2 back for each dollar invested. The traded lots currently stand at 11.95.
Significant profits were made in January and February.
The system works with varying lot sizes and makes profits consistently.
Customer support is offered. All you have to do to reach the team is to fill out the form provided on the official website with your question.
Customer reviews for this robot are absent. It is not clear why this is so. Perhaps traders have not purchased the system yet or are just waiting to see how it works before giving their comments.
- Low drawdown
- Live trading results are present
- A 30-day money-back guarantee is offered
- No client feedback
Through the live trading records, we have learned that the system can generate profits and manage to control trading risks at the same time. The availability of a 30-day money-back guarantee suggests that the devs are confident about the efficiency of their product. They are ready to refund you in case the EA doesn’t meet your expectations.