Happy Fast Money is a Forex expert advisor from the Happy Forex team. As per the vendor’s claims, this EA is suitable for both novice traders and expert professionals. It is compatible with the Metatrader 4 trading platform and you can run it on different operating systems.
The Happy Forex team has been building expert advisors for more than five years. It is a Germany-based organization that is known for building EAs like Happy Trend, Happy Power, Happy Galaxy, Happy Way, Happy News, Happy Gold, etc.
The oldest live trading account for this robot was launched in July 2020. However, we don’t exactly know when it was launched. In this review¸ we are going to check out the various aspects of this system like key features, trading strategy, pricing, trading results, customer support, and user reviews.
What is behind the Happy Fast Money EA?
You can set this robot up on operating systems like Linux, Mac OS, and Windows 7, 8, 10, 11. It is compatible with different types of accounts like Standard, Mini, and Micro. This means you can get started with small or large deposits.
This is a system that can conduct trades on a 24/7 basis. It is easy to set up and 100% automated, which means it does not need any manual inputs to operate. Happy Fast Money supports ECN brokers, so you can get better prices and cheaper trading conditions. Also, the robot can perform auto-quotes detection of 4 or 5 digits.
You can use this EA to trade in pairs like EUR/USD, GBP/USD, EUR/GBP, AUD/USD, EUR/CHF, and USD/CHF. For a micro account (0.01 lot), the recommended deposit is $5000, while that for Mini (0.1 lot) and Standard (1 lot) are $50, and $500, respectively. For the live trading account, the EA uses a leverage of 1:500.
The EA uses a combination of grid and hedge strategies. It initiates a transaction with a buy and sell limit. Once the price touches the limits, the transaction is executed.
There are no backtesting results for this expert advisor. However, we have this old trading account on Myfxbook that was launched on July 27, 2020. It was active till June 17, 2021, and the EA placed 920 trades through it. It had a high win rate of 76%, and this allowed it to generate a substantial profit of $1411.28.
This EA is sold as a part of the Happy Forex Full Pack which contains 10 EAs in total. For two real licenses, you need 299 Euros, while five licenses cost 499 Euros. The vendor offers a 30% discount and a 30-day money-back guarantee. The plans are quite affordable and you also get access to free updates, a user guide, and an unlimited number of demo accounts.
Trading performance of Happy Fast Money
Since June 21, 2021, the robot has conducted 1436 trades through this account. It currently has a win rate of 72%, which is a little less compared to the old trading account but is still higher than other EAs. The total profit for this account currently stands at $1574.90. The daily and monthly gains are 0.20% and 6.07% respectively. The peak drawdown was 20.97%. It’s acceptable for trading.
As you can see from the trading history, the robot generates profits at a steady rate. For the last few orders, the robot has used a lot size of 0.01-0.02. It holds each trade for an average of 4 days. The average win and loss are 36.39 pips/$3.89 and -51.80 pips/-$6.19, respectively.
The website has a contact form through which you can get in touch with the support team. You can find the official email address on the Facebook page of Happy Forex.
There are no reviews for this EA, but Happy Forex has a rating of 4.6 out of 5 on Trustpilot. Several users have praised the performance of the robots.