🧩 What is Cheat Engine EA?
Cheat Engine EA is an automated trading system that combines dynamic lot sizing, pip-based risk control, and Myfxbook sentiment filtering to optimize trade execution. Below is a comprehensive breakdown of each configuration section and its real trading implications.
➡️ Vendor website: View here
🧩 Lot Size & Risk Management Settings
🔹 Lot Size Calculation Method: Auto Lot
- The EA automatically calculates lot size based on account balance.
- Ideal for scaling accounts while maintaining proportional risk.
🔹 Fixed Lot Size: 0.01
- Acts as a fallback if auto lot is disabled.
- Suitable for small accounts or testing environments.
🔹 Auto Lots = 0.01 Lots Per This Amount of Balance: 200
- Every $200 balance increases position size by 0.01 lot.
- This reflects moderate to aggressive money management, depending on leverage.
🔹 Max Spread in Pips: 10
- Prevents trade execution during high-spread conditions.
- Useful for avoiding volatility during news or low-liquidity sessions.
🧩 Trade Protection & Drawdown Control
🔹 Auto GMT Detection: true
- Automatically aligns EA trading time with broker server time.
- Enhances session-based strategy accuracy.
🔹 Max Drawdown Percent: 99
- Extremely high drawdown allowance.
- Indicates high-risk tolerance; not suitable for conservative traders.
🔹 Use Fixed Stop Loss: false
- Stop loss is likely handled dynamically or internally by EA logic.
🔹 Stop Loss Pips: 75
- Wide stop loss distance.
- Suggests the EA may rely on market recovery or sentiment bias rather than tight risk control.
🧩 Trade Identification & Order Management
🔹 Magic Number: 120201
- Unique identifier to prevent conflicts with other EAs or manual trades.
🔹 Order Comment: Cheat Engine
- Helps track EA trades in MT5 history and Myfxbook analytics.
5. Sentiment Logic for Trade Direction
🔻 Sell Trades
- Enable sentiment filter for sell trades: true
- Sell sentiment must be above: 0
- Sell sentiment must be below: 100
- Effectively allows all sell conditions, making filter non-restrictive.
🔺 Buy Trades
- Enable sentiment filter for buy trades: true
- Buy sentiment must be above: 0
- Buy sentiment must be below: 100
- Same logic as sell trades – sentiment range is unrestricted.
📌 Insight:
Although sentiment filters are enabled per direction, the 0–100 range means sentiment filtering is practically neutral, unless manually narrowed.
🧩 Final Verdict – Is Cheat Engine EA MT5 Worth Using?
✅ Strengths
- Flexible auto lot scaling
- Integrated Myfxbook sentiment capability
- Suitable for volatile instruments like XAUUSD
- Automatic broker time synchronization
- Clear trade identification system
⚠️ Weaknesses
- Extremely high maximum drawdown (99%)
- Wide stop loss without fixed SL enforcement
- Sentiment filter currently ineffective due to broad thresholds
- Higher risk profile if used without customization
🧩 Conclusion
Cheat Engine EA is a high-risk, high-flexibility Expert Advisor designed for traders who understand money management and sentiment-based trading. While it offers powerful automation features and Myfxbook integration, default settings are aggressive and require optimization for real account safety.
👉 Best suited for experienced traders who can fine-tune drawdown limits, stop loss logic, and sentiment thresholds to align with their risk tolerance.
