Happy Fast Money Review: Things to Consider Before Investing 

Happy Fast Money is a Forex expert advisor launched by the Happy Forex team. It is compatible with the Metatrader 4 trading platform and can run on various operating systems. The vendor offers the EA at a low price and claims that it is suitable for all types of traders.

Happy Forex is a development company which is based in Germany. We don’t know when it was founded but it has been around for over five years. Some of the expert advisors built by this team include Happy Frequency, Happy Gold, Happy News, Happy Market Hours, Happy Trend, Happy Way, Happy Galaxy, and Happy Power.

The highlights of Happy Fast Money 

Here are the main features of the platform:

Support for ECN brokers 

This robot lets you trade with ECN brokers. These brokers use multiple liquidity providers, thus allowing the prices from the providers to compete in the same auction. This means you can get cheaper trading conditions and better prices.

Fully automated 

This is a 100% automated system that can trade without any manual inputs. Since it operates based on an algorithm, it eliminates the emotions from trading.

Multiple account types 

This EA supports different types of accounts like Micro, Mini, and Standard. With a micro account (0.01 lot), you need to deposit $5000. The minimum deposit requirement for a Mini Account (0.1 lot) is $50, while that for a Standard Account (1 lot) is $500. 

Trading strategy of Happy Fast Money 

The robot follows a combination of grid and hedge strategies. It opens a transaction with a buy and sell limit. Once the price touches the limit set by the user, the transaction gets executed. As per the vendor’s claims, the robot can trade on large client accounts with the Metatrader application. 

Backtesting reports 

The vendor has not shared the historical test results for this expert advisor. However, we have an old trading account on Myfxbook that is now closed. It was active from July 27, 2020, to June 17, 2021. For this time, the EA conducted 920 trades, winning 76% of them, and generated a total profit of $1411.28. Apart from the high win rate, the robot also had impressive daily and monthly gains of 0.04% and 2.36%, respectively. The profit factor was quite satisfactory at 1.58.

Trading results in real time 

Here we have a live trading account on Myfxbook that was launched on June 21, 2021. Since that time, the EA has conducted 1426 trades, so it is evident that it follows a high-frequency strategy. The win rate of 72% is a bit lower than the old account, but it is still quite impressive. Currently, the total profit stands at $1560.06, while the daily and monthly gains are 0.20% and 6.15%, respectively. 

Looking at the drawdown of 20.97%, we can tell that the EA is following a risky strategy. But given the high win rate, this should not pose any issues. This account has experienced a growth of 78% and it has a satisfactory profit factor of 1.63.

By analyzing the recent trading history, we can see that the EA wins profits at a steady rate. It occasionally suffers losses but manages to recover them in subsequent trades. For the last 20 trades, the robot has used a lot size of 0.01. 

Happy Fast Money price 

For 299 Euros, you can get 2 real licenses, while 5 licenses cost 499 Euros. This robot is a part of the Happy Forex Full Pack containing 10 EAs in total. The plans are quite affordable and the vendor offers a 30% discount along with a 30-day money-back guarantee.

Customer support 

If you need help, you can reach out for support using the contact form on the website.

Are traders happy with Happy Fast Money?

There are no reviews for this EA, but Happy Forex has a rating of 4.6 out of 5 on Trustpilot based on 21 reviews. The users have highly praised the performance of the robots.