Expert AdvisorsForex

Happy Fast Money Review: Things You Need to Know Before Investing

2 Mins read
7.2

Happy Fast Money is a fully automated trading system that works on a real account with a leverage of 1:500. The algorithm has an easy installation setup and can be installed on various operating systems such as Windows, Mac OS, and Linux. We will review its support of ECN brokers and see if it can operate efficiently on a real account, as mentioned by the developer.

Happy Fast Money trading strategy

The algorithm uses limit orders to trade on EURUSD, GBPUSD, EURGBP or AUDUSD, EURCHF, and USDCHF. Traders with little to no market experience can use it with ease. 

Myfxbook history shows us that it implements averaging strategies observed from the closing time of multiple positions. Grid trading is generally used to recover from losing positions which provides a straight upward balance curve.

History on Myfxbook
History on Myfxbook

Happy Fast Money backtesting report

The robot has no backtesting records, but the developer provides the results for previous performance from July 2020 to March 2021. From the stats, we saw that the drawdown value was 32.41%, with a monthly gain of 2.36%. The algorithm produced steady gains each month while maintaining the risk value. The trading account was deposited at $5000. It had a gain percentage of 28.23% in a total of 920 trades and an average win of $5.45. The balance noted was $6,411.28, which gave a profit of $1411.28.

Previous records on Myfxbook
Previous records on Myfxbook
Previous records on Myfxbook
Previous records on Myfxbook

Happy Fast Money live results

The live records are present from June 2021 till the current date on Myfxbook. The initial deposit was $2000 and had a current balance of $3,604.45, giving us a gain percentage of +80.22%. 

From the stats, we saw that the profit made was $1,604.45 with a profit factor of 1.65

There had been 1454 trades in which 73% were profitable, and 27% were losses. The average win and loss amount noted was $3.85 and -$6.19. The high win rate compensates for the increased mean loss.

Live records on Myfxbook
Live records on Myfxbook
Live records on Myfxbook
Live records on Myfxbook

Some features of Happy Fast Money

The robot offers the following features:

  1. It comes with a detailed user manual.
  2. The robot trades 24/7.
  3. It supports ECN brokers.
  4. The system is beginner-friendly.
Total return80.22%
Maximal drawdown 20.97%
Average monthly gain 5.99%
DeveloperHappy Forex
Created, year2016
Price$299 and $499 
TypeGrid, Hedge
TimeframeH1
Lot size0.01 for micro account
Leverage1:500
Min.deposit$5.000
Recommended deposit$5.000, $50.000, $500.000 (it depends on the account type)
Recommended brokersECN 
Currency pairsAUDUSD, EURUSD, EURGBP, USDCHF, GBPUSD, EURCHF.
ECNYes

Main things to consider if you invest with Happy Fast Money

Installation and customer support

The algorithm has an easy installation method and comes with a complete tutorial that includes a user guide and setup. It allows unlimited use and has free updates and upgrades available on its purchase. 

Pricing details

The purchase comes with 2 packages and has a 30days money-back guarantee. The €299 deal allows access to 2 licenses, whereas the €499 offer comes with 5 keys.

Other notes

The company has a rating of 4.7 and 28 reviews on Trustpilot. Traders comment that their products work great.

Customer review on Trustpilot
Customer review on Trustpilot

Happy Fast Money Summary

7.2
Happy Fast Money provides detailed verified live results and works on the MT4 platform. The company has positive testimonials on Trustpilot, the developer is transparent on its profile, and provides 24/7 support for its clients. It’s trading results and low drawdown proove that the system trades effectively and with minimal risks.
8.0

Functionality

7.0

Reliability

7.0

Strategy

8.0

Price

6.0

Trading Results

7.0

Vendor Transparency

Pros

  • +30-days money back guarantee
  • +Easy installation method
  • +Good trading results
  • +Low drawdown
  • +Positive testimonials on Trustpilot
  • +Lifetime updates and customer support

Cons

  • -No backtest records
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