Easy steps:
1: Go to Cheat Engine.
2: After you login and select your character to play, attach CE to elementclient.exe.
3: Click enable speed hack.
4: Set it to 1.0 through 9.0
5: Go back in game and you have speed.
Problems to watch out for:
Sometimes while you are running you will be able to run up hills/ walls that you shoudn't be able to climb. Do not try to climb them or else you might get your character stuck.
Sometimes when you run you get teleported back a certain area. To fix this simply go back to cheat engine and set you speed back to normal (1.0). Run around for a bit then try to speed hack again.
Speed hack does not effect combat in any way.
I hope I can find more hacks!