Happy Fast Money is a Forex robot that is currently running a live account on Myfxbook. We will see in a bit how it is performing. In any case, the EA is easy to use, and you don’t need to have any special skills to navigate. You just need to attach it to your Metatrader application, and it will do the rest.
Happy Fast Money was authored by Happy Forex. The company mainly produces EAs commercially for traders migrating from manual to automated trading. By visiting its website, you will see the numerous products the devs have created since 2016 to date. These include but are not limited to Happy Neuron, Happy Galaxy, Happy Power, and Happy Martigrid.
There are two distinct pricing options for the system. The price charged for 2 trading licenses is €299 and €499 for 5 licenses . The packages include a user guide in the English version, unlimited demo accounts, real accounts, unrestricted use, free updates, and a bonus Happy Indicator Pro plus other EAs for free.
These are the main features the tool offers:
- Automatic trading round the clock
- Support for ECN brokers
- Auto-quotes detection 4 or 5 digits
- A 30-day refund policy
- Easy installation
Moreover, you can find the minimal requirements you need to meet to trade with the bot:
- An operating system that is compatible with Windows 7,8,10, Mac OS, or Linux
- A minimum deposit of $5000, $50, or $500 depending on your account size
- Any account, including micro, mini, or standard account
- A Metatrader 4 terminal
Happy Fast Money trading approach
The EA applies the grid and hedging strategies on the EURUSD, USDCHF, EURGBP, AUDUSD, EURCHF, and GBPUSD currency pairs. In essence, it sets a buy/sell limit and implements trades whenever the price reaches the limit.
Happy Fast Money backtesting results
The devs don’t post the backtesting data of this system. Thus, we cannot analyze the past trading performance of the system.
Happy Fast Money live trading results
We have a real USD account whose host is ForexMart. The EA has made a profit of $1435.28 from a deposit of $2000. Consequently, the account’s worth has risen by 71.76%. The drawdown (20.97%) generated is small, which indicates that the strategy is low-risk.
Out of the 1302 trades completed, the pips won are 15610.3. The average trade length is 4 days, and so far, the win rates for long and short positions are 69% and 74%, respectively. The profit factor is 1.65, whereas the traded lots are 13.92. The latter parameter intimates that the EA works with small lot sizes hence reducing its trading risks.
This account is still strong 8+ months after its opening.
Friday is the busiest day of the week.
Out of the 3 currency pairs the EA trades, the AUDUSD symbol emerges as the most profitable symbol.
What are the risks with Happy Fast Money?
The EA is generally safe. Ever since it began trading last year, it has maintained a low drawdown. At the same time, it has generated substantial income for the user. Perhaps you have to be wary while trading with the EURCHF pair because none of its long positions have been successful.
The vendor behind this robot has received much acclaim from the client base. Its products are said to work perfectly and efficiently. So, it is likely that Happy Fast Money is producing good results for those using it.
What are the pros and cons of investing in Happy Fast Money?
|Free updates and EAs||Backtest report is not provided|
|Good vendor reputation|
|Live records are present|
|All account types are supported|
Happy Fast Money Conclusion
Happy Fast Money offers free updates and EAs, features that can improve your trading outcomes substantially. The good reputation of the company intimates that it creates efficient tools, so you can rely on this system to increase your investment. Furthermore, you can work with any account type.