🧩 Overview of Cheat Engine MT5
Cheat Engine MT5 is an automated trading Expert Advisor (EA) that combines auto lot sizing, spread control, drawdown protection, and optional Myfxbook sentiment filtering. From the settings shown, the EA is configured in a high-risk, aggressive profile, with safety logic partially enabled but not fully optimized.
➡️ Vender website: View here
🧩 Lot Size & Money Management Settings
🔹 Lot Size Calculation Method = Auto Lot
- EA dynamically calculates lot size based on account balance
- More scalable than fixed lot trading
🔹 Fixed Lot Size = 0.01
- Backup value if auto lot is disabled
- Safe minimum lot size
🔹 Auto Lots = 0.01 lots per $200 balance
📌 Interpretation:
- For every $200 balance → EA trades 0.01 lot
- Example:
- $1,000 balance ≈ 0.05 lot
- $2,000 balance ≈ 0.10 lot
⚠️ This is relatively aggressive, especially without a hard stop loss enabled.
🧩 Spread & Execution Protection
🔹 Max Spread in Pips = 10
- EA avoids trading during high spread conditions
- Essential for volatile pairs like XAUUSD
🔹 Auto GMT Detection = true
- Automatically syncs broker server time
- Prevents session misalignment
✅ These settings significantly improve execution quality.
🧩 Drawdown & Risk Control
🔹 Max Drawdown Percent = 99
- Extremely high value
- Effectively disables drawdown protection
⚠️ This setting allows the EA to keep trading until near account wipe.
🧩 Stop Loss Configuration
🔹 Use Fixed Stop Loss = false
- No hard stop loss per trade
🔹 Stop Loss Pips = 75
- Defined but inactive due to SL disabled
📌 Risk Insight:
- Trades rely on internal logic or basket management
- High exposure during trending markets
🧩 Trade Identification
🔹 Magic Number = 120201
- Unique trade identifier
- Safe for running alongside other EAs
🔹 Order Comment = Cheat Engine
- Clear labeling in trade history
🧩 Myfxbook Sentiment Filter (Advanced Feature)
🔹 Enable Sentiment Filter = false
- Sentiment logic currently disabled
🔹 API URL
- Myfxbook sentiment API configured
🔹 Sentiment Pair = XAUUSD
- Gold sentiment data used
🔹 Enable Sentiment Filter for Buy Trades = true
🔹 Enable Sentiment Filter for Sell Trades = true
- Fully configured but inactive due to master filter disabled
🔹 Sentiment Thresholds (0 – 100)
- Broad range → no restriction
- Even if enabled, filter would not block trades
📌 Conclusion:
The sentiment system is present but effectively unused in this configuration.
🧩 Strengths & Weaknesses Summary
✅ Strengths
✔ Auto lot scaling based on balance
✔ Spread filter enabled (10 pips)
✔ Broker time auto-detection
✔ Advanced sentiment filter capability
✔ Suitable for volatile instruments like XAUUSD
❌ Weaknesses
✖ Max drawdown set to 99% (very dangerous)
✖ No fixed stop loss enabled
✖ Aggressive auto lot sizing
✖ Sentiment filter configured but disabled
✖ High risk of deep drawdown in trending markets
🧩 Conclusion
Based on the provided settings, Cheat Engine MT5 is configured as a high-risk, aggressive automated trading EA with strong execution controls but weak capital protection. While features such as auto lot sizing, spread filtering, and Myfxbook sentiment integration add sophistication, the absence of a hard stop loss and the 99% maximum drawdown limit make this configuration unsuitable for conservative traders.
👉 This setup is best used for short-term testing, high-risk accounts, or experienced traders who actively monitor performance. For long-term sustainability, it is strongly recommended to reduce auto lot exposure, enable fixed stop loss, lower max drawdown, and properly activate sentiment filtering.
